2014

Updates on the Law on Investment and Law on Housing with effect from July 2015 and on transfer pricing guidance

On 26 November 2014, the National Assembly issued Law No. 67 /2014/QH13 on investment ("Law on Investment No. 67") replacing the Law on Investment No. 59/2005/QH11 and Resolution No 49/2010/QH13. The new Law on Investment takes effect from 1 July 2015 with some notable changes as follows:
Definition of Foreign Investors

Prohibited and conditioned business sectors

Guarantee of business investment in case of regulatory changes

Amendments on investment incentives and tax incentives

Regulations on foreign investors under business co-operation
contracts ("BCCs")

Investment activities reporting mechanism

Implementation of overseas investment activities

Law No. 65/2014/QH13 dated 25 November 2014 of the National Assembly on Housing (Law No. 65) takes effect from 1 July 2015.