INVESTMENT GUARANTEES

Government of Vietnam guarantees that foreign investors investing in Vietnam shall be entitled to fair and equal treatment in accordance with the Law on Foreign Investment in Vietnam. Where an international treaty on investment promotion and protection entered into between the Socialist Republic of Vietnam and a foreign country contains provisions which are inconsistent with the regulations on foreign investment, such international treaty may prevail.

In the event that there are changes in the laws of Vietnam which adversely affect the interest of foreign investors as stated in their investment licenses, the investment license issuing body shall take appropriate measures to ensure the protection of the interests of the investors by coming to an agreement to apply the following:

I. Change the operational objectives of the project;
II. Grant tax reductions or exemption in accordance with the law;
III. Deem the adverse effects on the investors to be a loss and carry such loss forward to the following years;
IV. Consider payment of fair compensation where necessary.
 
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Department of Planning and Investment of HCMC.
32 Le Thanh Ton St., Dist 1., Ho Chi Minh City, Viet Nam
Tel: (84.8) 8294988 - Fax: (84.8) 8295008 - (84.8) 8290817 - E-mail: ipdpi@hcm.vnn.vn