Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
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The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Viet Nam - New regulations on foreign exchange took effect
Viet Nam
New regulations on foreign exchange took effect
06 Sep 2019On 26 June 2019, the State Bank of Vietnam issued Circular 06/2019/TT-NHNN on foreign exchange control of foreign direct investment (FDI) activities in Vietnam. It replaces Circular 19/2014/TT-NHNN (Circular 19) and amends certain articles in Circular 05/2014/TT-NHNN on the opening and use of foreign indirect investment capital accounts, and in Circular 16/2014/TT-NHNN on the use of foreign currency and Vietnamese Dong (VND) accounts for residents and non-residents.
Circular 19 required foreign invested enterprises (FIE) to open a direct investment capital account (DICA), but the definition of an FIE was not entirely clear. Articles 3.2 and 5 of Circular 06 clarifies the definition as follows: - Enterprises newly established by foreign investors and required by Vietnamese law to obtain an investment registration certificate; - Enterprises having 51% or more foreign ownership; and, - Project companies established by foreign investors to implement public-private partnership projects.
In addition to an FIE, Circular 06 requires the following investors to open a DICA: - Foreign investors entering into business co-operation contracts (BBC Investors); and - Foreign investors directly entering into PPP projects without setting up a project company.
Also, Circular 09 previously required unused pre-establishment costs to be remitted withing 30 days from the date that these costs were converted from VND to foreign currency. This timeline has been abolished under Circular 06.
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Type:
- Treatment and operation (Capital transfer and FOREX)
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Sources:
- International Financial Law Review, Vietnam: New FDI foreign exchange control, https://www.iflr.com/Article/3902095/Vietnam-New-FDI-foreign-exchange-control.html, 01 Nov 2019
- Vietnam Briefing, Foreign Exchange Management in Vietnam: New Circular Takes Effect, https://www.vietnam-briefing.com/news/foreign-exchange-management-vietnam-new-circular-takes-effect.html/, 18 Sep 2019
- Baker McKenzie, New Circular on Forex Control 2019 having important changes to Foreign Direct Investment Capital Accounts in Vietnam, https://www.bakermckenzie.com/en/insight/publications/2019/08/new-circular-on-forex-control-2019, 08 Aug 2019
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the Investment Policy Monitors and the UNCTAD-OECD Reports on G20 Measures.
In 2024, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2012 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for sustainable development.
-
The UNCTAD's Investment Policy Monitor database include official measures affecting FDI adopted by United Nations Member States. These encompass measures explicitly targeting FDI (FDI-specific), as well as general investment measures with a clear impact on foreign investment (FDI-related). The measures are either reported directly to UNCTAD by Member States through annual surveys or identified by UNCTAD researchers through publicly accessible sources (such as government websites and specialized policy databases). The classification of measures as more or less favourable is based solely on their potential impact on investors.
Note: Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
Share





Latest publications
