SETTING UP AN INDUSTRIAL ZONE IN VIETNAM, WHAT DO FOREIGN INVESTORS NEED TO KNOW?
Under the laws of Vietnam, an industrial zone (“IZ”) is a designated area enclosed by definite boundaries, specializing in production of industrial goods and provision of services satisfying the industrial production needs.
Setting up an industrial zone in Vietnam (the “Project”) by a foreign investor (the “Investor”) is complicated and subject to various regulations, among others, including the Investment Law 2020, the Land Law 2024, the Law on Real Estate Business 2023, the Law on Bidding 2023, and other relevant laws on investment conditions applicable to the Investor and the Project.
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