1. New Directions in Foreign Investment Policy

  • Vietnam’s new-generation FDI strategy (2021–2030) is entering a more selective phase in 2025, focusing on:
    • Quality over quantity – attracting projects with high-tech content and environmental sustainability.
    • Reducing reliance on low-cost labor and resource-intensive industries.
  • Several localities have updated their FDI screening criteria, requiring foreign investors to commit to technology transfer, green practices, and contribute to sustainable development.

2. More Selective Investment Incentives

  • Tax incentives remain in place but are being applied more strategically:
    • Broad-based incentives are being scaled back, focusing on hi-tech zones, innovation hubs, and green industries.
    • New conditions are introduced, requiring localized production or advanced technologies to qualify for significant tax benefits.
  • Investment in remote or underdeveloped regions may receive additional incentives in land rent and corporate income tax.

3. Updated Legal and Administrative Procedures

  • A new decree on foreign investment procedures (expected to take effect in 2025) includes:
    • Shortened processing times for investment licensing.
    • Expanded digitalization and online submission of applications.
    • Clearer rules on capital transfer, share acquisition, and equity participation for foreign investors.

4. Newly Opened or Promoted Sectors

  • Market access is expanding in line with Vietnam’s FTA commitments (e.g. EVFTA, CPTPP, RCEP) in sectors such as:
    • Logistics, e-commerce, renewable energy, green finance, and fintech.
  • Priority sectors for investment promotion in 2025 include:
    • Artificial Intelligence (AI), semiconductors, data centers
    • High-end healthcare services
    • Tourism and resort development, international education

5. Tighter Oversight of Investment Risks

  • Increased scrutiny on:
    • Transfer pricing, nominee/shareholding structures, and thin capitalization.
  • Post-investment inspections are being intensified, especially in sensitive sectors like real estate, energy, and mining.
  • Investors are advised to prepare transparent documentation and financial capability proofs, and comply with regular reporting obligations.

6. Infrastructure and Economic Zones in Focus

  • Several new expressways and logistics corridors are scheduled to open in 2025, enhancing regional connectivity between:
    • The North-South axis, Central Highlands, Mekong Delta, and coastal economic zones.
  • Key provinces such as Long An, Quang Ninh, Bac Giang, Da Nang, and Can Tho are being developed as new hubs for hi-tech industry and logistics.

7. Digital Transformation in Investment and Business Operations

  • Vietnam is accelerating e-Government platforms to support investment licensing and business registration online.
  • FDI businesses are encouraged to adopt ERP systems, e-invoicing, e-tax, and digital management tools to improve efficiency.

📌 Recommendations for Investors:

  • Understand in detail the criteria and conditions for investment incentives.
  • Align projects with Vietnam’s “green – digital – sustainable” policy direction.
  • Prepare clear, well-documented investment applications to ensure transparency and legal compliance.

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