Singapore Industrial Park (VSIP) in Tân Uyên City, Bình Dương Province. — VNA/VNS Photo
HANOI: Vietnam is poised for a regulatory shift with the upcoming implementation of a special investment procedure starting earlier next year.
Starting from Jan 15, 2025, investors will be able to enroll for investment under special procedures as outlined in the Draft Decree detailing the Investment Law.
This decree is formulated to operationalise Clause 12, Article 36a of the Investment Law, amending and enhancing several provisions of the the Law on Planning, the Law on Investment, the Law on Public-Private Partnership Investment, and the Law on Bidding in 2024.
This new framework represents a significant shift in the country’s approach to managing high-tech and semiconductor projects. By speeding up project timelines while maintaining strict compliance with legal, environmental and technical standards, this policy is designed to attract high-value investments and propel Vietnam’s industrial modernisation.
The special investment procedure marks a departure from the traditional pre-audit model, where extensive assessments and approvals precede project implementation, to a post-audit approach.
Investors will be able to register their projects and obtain an investment certificate within just 15 days, bypassing lengthy processes related to construction permits, environmental protection measures and fire prevention approvals. — Viet Nam News/ANN
