Inheriting the achievements as well as overcoming limitations of the Law on Investment 2014 after nearly 6 years of implementation, the Law on Investment 2020 was adopted by the National Assembly and came into force on January 01, 2021. Some outstanding new features of this Law include:
(i) Conditional business lines reduced to 227, debt collection services officially banned;
(ii) Investment incentives significantly extended;
(iii) Opportunities for the mergers and acquisitions (M&A) market;
(iv) Market access conditions for foreign investors.