THE PRESIDENT
 
 
No. 27/2014/L-CTN
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom – Happiness
 
Hanoi, December 8, 2014
 
 
ORDER
On the promulgation of law
 THE PRESIDENT OF
THE SOCIALIST REPUBLIC OF VIETNAM
 
Pursuant to Articles 88 and 91 of the Constitution of the Socialist Republic of Vietnam;
Pursuant to Article 91 of the Law on Organization of the National Assembly;
Pursuant to Article 57 of the Law on Promulgation of Legal Documents,
 
PROMULGATES:
 
The Law on Investment,
which was passed in November 26, 2014, by the XIIIth National Assembly of the Socialist Republic of Vietnam at its 8th session.
 
President of the Socialist Republic of Vietnam
TRUONG TAN SANG


 

 

 

THE NATIONAL
ASSEMBLY
 
No. 67/2014/QH13
THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
 
 
Law on Investment
 
Pursuant to the Constitution of the Socialist Republic of Vietnam;
The National Assembly promulgates the Law on Investment.
 
Chapter I
GENERAL PROVISIONS
 
Article 1. Scope of regulation
This Law prescribes business investment activities in Vietnam and offshore business investment activities from Vietnam.
Article 2. Subjects of application
This Law applies to investors and organizations and individuals engaged in business investment activities.
Article 3. Interpretation of terms
In this Law, the terms below are construed as follows:
1. Investment registration agency means an agency competent to grant, modify and revoke investment registration certificates.
2. Investment project means a set of proposals on using medium- or long-term capital to conduct business investment activities in a specific geographical area within a specified period of time.
3. Expanded investment project means an investment project to develop an operating business investment project by expanding its scope, raising its capacity, renewing technologies, reducing pollution or improving the environment.
4. New investment project means a project which is implemented for the first time or a project which is independent from an operating business investment project.
5. Business investment means the use of investment capital by investors to carry out business activities through establishment of economic organizations; contribution of capital to, or purchase of shares or capital contributions at, economic organizations; or investment in the form of contract performance or investment project implementation.
 

 

[1] Công Báo Nos 1173-1174 (30/12/2014)
[2] Công Báo Nos 1173-1174 (30/12/2014)