The amended Law on Investment project (the "LOI 2020") dated June 17, 2020 comprises seven chapters, 77 articles and four attached appendices. The law took effect on January 1, 2021 and stipulates competence to approve investment policies.

he Ministry of Planning and Investment’s Foreign Investment Agency Deputy Director Dang Xuan Quang said, “The business community appreciated four amendments to the Investment Law regarding investment procedure reform, policy transparency, policies on merger and acquisition (M&A) and public-private partnerships, business transparency, banned and conditioned businesses.