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Streamlining administrative procedures for investors through the application of special investment procedure

Within the scope of the Law on Investment 2020 amended in 2024, Article 36a has been updated to stipulate the groups of investment projects that are eligible for registering under special procedure upon satisfaction of specific conditions. Accordingly, from January 15, 2025, investors implementing projects regulated by the new procedure will be entitled to more preferential policies as many licenses and administrative procedures related to investment policy approval, environment, construction planning, fire prevention and fighting, and a number of other procedures under law are eliminated. In order to provide specific guidance on the implementation of the above regulations, Decree 19/2025/ND-CP detailing the Law on Investment regarding special investment procedures was issued and effective from February 10, 2025.

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Amendments to regulations on environmental impact assessment – Some effects on investment project owners

On January 6, 2025, the Government promulgated Decree 05/2025/ND-CP amending and supplementing several articles of Decree 08/2022/ND-CP dated January 10, 2022 on elaboration of certain articles of the Law on Environmental Protection 2020 (Decree 05). Decree 05 took effect on January 6, 2025 with several amended and supplemented regulations related to environmental impact assessment.

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Some new regulations on the selection of investors to implement land-using investment projects

On September 16, 2024, the Government issued Decree 115/2024/ND-CP stipulating details for a number of articles and providing implementation measures for the Law on Bidding concerning the selection of investors to implement land-using investment projects (Decree 115). Decree 115 is issued to improve the legal framework for bidding in the selection of investors to implement investment projects in accordance with the new regulations of the Law on Bidding 2023 and the Law on Land 2024. Decree 115 takes effect from September 16, 2024.

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New regulations on guiding the implementation of Law on Land

On April 3, 2023, Decree 10/2023/ND-CP (Decree 10) was issued to amend and supplement several articles of Decrees providing guidelines for implementation of the Law on Land, which will take effect from May 20, 2023. Decree 10 introduces notable amendments and supplements regarding investment projects regulated by Decree 43/2014/ND-CP, as amended and supplemented by Decree 01/2017/ND-CP.

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Notable contents on value-added tax

On July 29, 2022, the Government issued Decree 49/2022/ND-CP amending Decree 209/2013/ND-CP guiding the Law on Value-Added Tax, which was amended and supplemented by Decree 12/2015/ND-CP, Decree 100/2016/ND-CP and Decree 146/2017/ND-CP. The document will take effect from September 12, 2022.

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