On March 26, 2021, the Government issued Decree No. 31/2021/ND-CP providing details and guidelines for implementation of several articles of the Law on Investment. The Decree took effect from the date of promulgation. Some remarkable contents of this Decree include:
- For the first time, the mechanism to resolve investors’ grievances and prevent State-investors disputes is addressed;
- The list of business lines with limited market access by foreign investors is issued;
- Detailed provisions are introduced for investment project adjustment procedures in circumstances arising in practice but not yet recognized nor specifically guided in legal normative documents;
- The guidelines are supplemented for application of the Law on Investment 2020’s new provisions on suspension of investment projects.