Under the current Law on Enterprises, all payments for capital transfer transactions as well as the receipt of dividends by foreign investors must be made through capital accounts opened by the investors at banks in Vietnam, except for payment by assets. As it stands, this regulation is not aligned with the latest foreign exchange regulations issued by the State Bank of Vietnam in June 2019, which allow for direct payments between two offshore investors.

In order to continue improving Vietnam’s business environment, the Ministry of Planning and Investment is drafting two new laws, one of which will amend and supplement the current Law on Investment.