The amended Enterprise Law and Investment Law came into effect today, July 1. The two laws are expected to lure and facilitate operations of foreign-invested businesses who want to invest in Vietnam
The amended Enterprise Law and Investment Law came into effect today, July 1. The two laws are expected to lure and facilitate operations of foreign-invested businesses who want to invest in
Under the two laws, foreign businesses are now allowed to invest in all areas which have been applied to the local private sector since 2000.
According to Nguyen Dinh Cung, a member of the Enterprise Law Drafting Board, not all foreign-invested enterprises will get benefit from the two laws, and subsidised enterprises operating in automobile and motorcycle manufacturing and cement production will face tougher competition.
However, he said the two laws will help perfect the market economic institution in
Source: VOV
