The law has reviewed and reduced 38 conditional investment and business sectors that do not meet the criteria and conditions stipulated in Article 7 of the Investment Law; and reviewed and amended the scope of 20 sectors.
Based on the proposed reductions, cuts, and amendments to conditional investment and business sectors, the Government will instruct ministries and agencies to urgently study management methods based on regulations and standards for those sectors proposed for reduction or amendment (if truly necessary) to achieve the goal of "shifting strongly from 'pre-inspection' to 'post-inspection,' from 'licensing' to 'registration' or 'notification,' aiming for management primarily based on regulations and standards with important and necessary contents requiring state management and regulation."
The law has amended Clause 13, Article 24 of the current Investment Law to stipulate the procedure for approving investment policies for golf course construction and business projects, except for golf course construction and business projects that are part of housing or urban development projects where land is allocated or leased through land use rights auction or investor selection bidding, to ensure consistency with the provisions of Clause 11, Article 24 of the amended Investment Law.
The law also adds provisions to ensure foreign exchange management for large-scale investment projects or projects proposing special policy mechanisms. Accordingly, for large-scale overseas investment projects or projects proposing special support policy mechanisms, the Ministry of Finance must report to the Prime Minister for consideration and approval before issuing or amending the Certificate of Registration for Overseas Investment.
The law will come into effect on March 1, 2026.
Source: https://daibieunhandan.vn/quoc-hoi-thong-qua-luat-dau-tu-sua-doi-10400041.html
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