The amended Law on Investment, effective from July 1, 2025, has a number of new points that are worth noting for investors, especially foreign investors, to achieve appropriate goals in Vietnam, specifically as follows:

1. Amending and supplementing some of preferential investment industries and preferential investment locations

a) Preferential investment industries

– Adding the following fields:

• Investing in building large data center infrastructure, cloud computing infrastructure, etc.
• Investing in strategic technology fields, manufacturing strategic technology products;
• Investment in innovation and digital transformation.
• Training human resources in the fields of science, technology, innovation and digital transformation;
• Railway transport business; railway industry and training of railway human resources.

– Amend the following cases:

• Production of digital technology products, provision of digital technology services (Old regulation at Point d, Clause 1, Article 16 of the Investment Law 2020 stipulates the production of information technology products, software, digital content)
• Collection, treatment, recycling or reuse of waste; development, storage of water and restoration of water resources (Old regulation at Point g, Clause 1, Article 16 of the Investment Law 2020 stipulates the collection, treatment, recycling or reuse of waste)…

 b) Preferential investment areas

– Addition of concentrated digital technology zones

2. Additional subjects applying incentives and special investment support

Subjects applying incentives:

– Projects with a total investment capital of VND 3,000 billion or more, disbursing at least VND 1,000 billion within 03 years from the date of being granted the Investment Registration Certificate or approved the investment policy, including:

• Investment in the construction of large data center infrastructure, cloud computing infrastructure, mobile infrastructure from 5G or higher and other digital infrastructure in the field of strategic technology according to the decision of the Prime Minister;
• Investment projects in the field of strategic technology, manufacturing of strategic technology products according to the decision of the Prime Minister

– Projects meeting the scale of total investment capital from 6,000 billion VND or more, disbursing at least 6,000 billion VND within 05 years from the date of being granted the Investment Registration Certificate or approval of investment policy:

• Projects investing in manufacturing key digital technology products,
• Projects researching and developing, designing, manufacturing, packaging, testing semiconductor chips,
• Projects building artificial intelligence data centers according to the law on digital technology industry

– Projects meeting the scale of total investment capital from 6,000 billion VND or more, disbursing at least 6,000 billion VND within 05 years from the date of being granted the Investment Registration Certificate or approval of investment policy:

• Projects investing in manufacturing key digital technology products,
• Projects researching and developing, designing, manufacturing, packaging, testing semiconductor chips,
• Projects building artificial intelligence data centers according to the law on digital technology industry

3. Additional requirements for investors establishing economic organizations

Foreign investors are allowed to establish economic organizations to implement investment projects before carrying out procedures for granting or adjusting Investment Registration Certificates for investment projects to establish new innovation centers, research and development centers, investment projects to build large data center infrastructure, cloud computing infrastructure, mobile infrastructure from 5G and above and other digital infrastructure in the field of strategic technology according to the Prime Minister’s decision, investment projects in the field of strategic technology, manufacturing strategic technology products according to the Prime Minister’s decision.

(Previously, Article 22 of the Investment Law 2020 stipulated that before establishing an economic organization, foreign investors must have an investment project and carry out procedures for granting and adjusting the Investment Registration Certificate, except for the establishment of innovative start-up small and medium-sized enterprises and innovative start-up investment funds according to the provisions of law on supporting small and medium-sized enterprises).

4. Amend the list of conditional investment and business sectors

–  Add:

• Providing services related to assets
• Personal data processing services

–  Abolish the urban railway business sector.

5. About Us, Hankuk Law Firm

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