Legal alert - Key highlights on Law on Investment 2025
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Key highlights on Law on Investment 2025
On December 11, 2025, Law on Investment No. 143/2025/QH15 (“LoI 2025”) was passed by the National Assembly and will officially take effect on March 1, 2026. However, the provisions on conditional investment and business lines (Article 7 and Appendix IV) will take effect from July 1, 2026. The following legal update summarizes several key new highlights of the LoI 2025 that investors should take note of.
Key takeaways:
- Revised list of conditional investment and business lines (Appendix IV of the LoI 2025)
- Official prohibition on trading electronic cigarettes and heated tobacco products
- Enterprises may be established prior to the issuance of an Investment Registration Certificate
- Codification of adjustments to the operational term of investment projects
- Simplification of procedures for outward investment
Conclusion
The above information provides a general overview of certain key highlights of the LoI 2025 and is not intended to replace specific legal advice. We will continue to monitor and update relevant implementation regulations. Should you require an assessment of the impact of these new provisions on a particular investment activity, please do not hesitate to contact us for further assistance.
Please refer to the full updates in the Download section below.
Documents
Contacts
Dzung Dang Partner, Legal Services
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