The National Assembly discusses some draft laws on November 3, 2025, (Photo: NA)

Its core objective is to address legal and procedural obstacles and simplify and reduce administrative procedures in investment and business activities to make things easier for individuals and enterprises.

The law significantly reduces overlaps between existing laws, such as the Law on Investment, the Construction Law, and the Law on Environment, said voter Tau Minh Hue of Ho Chi Minh City.

“It also introduces several new points, which I believe mark an important step forward in promoting better investment. For instance, it expands sectors and localities eligible for investment incentives while eliminating certain conditional business sectors,” said Hue.

Praising a proposed provision on shortening the approval process for investment policies, lawyer Vo Hong Tu of the Minh Tu Law Company said the law will remove a major bottleneck in the investment environment.

“What worries investors most is the prolonged process of obtaining investment policy approval. Previously, a large corporation or individual wishing to invest abroad had to apply for an overseas investment approval certificate. The amended law has removed this requirement.”