Decree 31/2021/ND-CP: Forthcoming Moves of New Investment Law

On 26 March 2021, the Vietnamese Government issued Decree No. 31/2021/ND-CP (“Decree 31”) providing guidance on the Law on Investment No. 61/2020/QH14 (“LOI 2020”). Decree 31 took effect from the same date and replaces instruments regulating similar matters, i.e. Decree No. 118/2015/ND-CP on onshore investment (“Decree 118”) and Decree No. 83/2015/ND-CP on offshore investment.