VIETNAM Trends and Developments Contributed by: Justin Gisz, Minh Duong and Phong Nguyen, Asia Counsel Vietnam Law Company Limited
Asia Counsel Vietnam Law Company Limited Unit 9, 10, Level 9, Deutsches Haus, 33, Le Duan Boulevard, Sai Gon Ward, Ho Chi Minh City, Vietnam. Tel: +84 28 38 22 77 67
Email: minh@asia-counsel.com Web: www.asia-counsel.com
Vietnam’s Foreign Investment Landscape Vietnam continues to accelerate its reform agenda as part of a long-term strategy to achieve upper-middle income status by 2030 and high-income status by 2045. Between late 2024 and mid-2025, the Politi - cal Bureau issued four key policy resolutions – widely referred to as the “four pillars” of reform – focused on: • promoting science, technology, and digital trans - formation; • streamlining the legal and institutional framework; • fostering international integration; and • strengthening the private sector as the central driver of economic growth. These landmark reforms round out Vietnam’s earlier investment roadmap under Resolution No 50 (2019) and are reinforced by a series of new legislative devel - opments, including the 2024 Land Law, Real Estate Business Law, and Housing Law, in addition to the newly enacted Data Law. Together, these progressive and forward-looking reforms signal the Vietnamese government’s commitment to modernising the coun - try’s investment environment and enhancing transpar - ency across the entire business landscape, including within key industry sectors such as real estate, manu - facturing, renewable energy, and digital technology, in particular. As of 30 September 2025, total foreign investment in Vietnam – including new projects, capital adjust - ments, share purchases, and capital contributions
– exceeded USD28.54 billion, representing a 15.2% year-on-year increase. Manufacturing and processing remain the leading sectors, followed by real estate, energy and technology. This growth underscores investor confidence in Vietnam’s continued stability, strategic reform agenda, and integration into global value chains. Governmental restructuring: implications for investors In parallel with the key economic and legal reforms outlined above, Vietnam has undergone a major gov - ernmental and administrative restructuring at both ministerial and provincial levels, which officially took effect on 1 March 2025. This unprecedented restruc - turing consolidated overlapping functions, with a view to enhancing administrative efficiency and strengthen - ing policy coordination throughout Vietnam’s govern - mental and administrative apparatus. The following key changes resulted from the govern - mental and administrative restructuring. At Ministerial level • The Ministry of Planning & Investment was merged into the Ministry of Finance (MOF). • The Ministry of Transport was merged into the Min - istry of Construction (MOC). • The Ministry of Natural Resources & Environment was merged with the The Ministry of Agriculture & Rural Development to form the Ministry of Agricul - ture & Environment (MAE).
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