Key highlights of investment provisions under Law No. 90/2025/QH15 effective from July 1, 2025

On 1 July 2025, Law No. 90/2025/QH15 amending the Law on Bidding; the Law on Public Private Partnership Investment; the Law on Customs; the Law on Value-Added Tax; the Law on Export and Import Duties; the Law on Investment; the Law on Public Investment; and the Law on Management and Use of Public Property (“Law No. 90”) officially takes effect, bringing significant changes particularly in promoting investment and development in Vietnam’s digital technology sector. These amendments create new opportunities for investors and enterprises in planning and orienting their investment activities. The following article by TNTP analyzes the most important new points in the Law No. 90 starting from 1 July 2025.

1.Amendments and supplements to incentivized sectors and investment locations

Regarding incentivized sectors, under Clause 1, Article 6 of Law No. 90, the list of incentivized sectors has been expanded to include several strategic areas, specifically:

• Investment in the development of large-scale data center infrastructure, cloud computing infrastructure, mobile networks from 5G upward, and other digital infrastructure in strategic technology sectors as decided by the Prime Minister;
• Investment in strategic technology sectors and the production of strategic technology products as decided by the Prime Minister;
• Investment in innovation and digital transformation sectors under legislation on science, technology, and innovation;
• Training of human resources in science, technology, innovation, and digital transformation
• Production of digital technology products and provision of digital technology services;
• Investment in the development, operation, and management of infrastructure facilities; development of urban public passenger transport; railway transport business; railway industry activities; and railway workforce training.

At the same time, Law No. 90 replaces the term “information technology” with “digital technology” in the names of incentivized sectors to align with the upcoming Digital Technology Industry Law, which will take effect on 1 January 2026.

Regarding incentivized locations, Law No. 90 adds “digital technology concentrated zones” to the list of incentivized investment locations. This aims to align with Vietnam’s national strategy on digital economy and digital transformation to 2030. These concentrated digital technology zones supported by preferential policies on tax, land, credit, and technological R&D are expected to serve as new drivers for developing Vietnam’s digital technology ecosystem.

Accordingly, Law No. 90 marks a significant step forward in promoting investment in advanced technology sectors, reflecting Vietnam’s strategic orientation toward the digital economy and national digital transformation.

2.Addition of entities eligible for special investment incentives and support

Clause 3, Article 6 of Law No. 90 expands the entities eligible for special investment incentives and support, including:

• Newly established investment projects (including expansions thereof) involving innovation centers; research and development centers; large-scale data center infrastructure; cloud computing infrastructure; mobile networks from 5G onward; other digital infrastructure in strategic technology sectors as decided by the Prime Minister; as well as investment projects in strategic technology sectors and the production of strategic technology products as decided by the Prime Minister, with a total investment capital of at least VND 3,000 billion and a minimum disbursement of VND 1,000 billion within 03 years from the date of issuance of the Investment Registration Certificate or approval of the investment policy;
• National innovation centers established under decisions of the Prime Minister;
• Investment projects producing priority digital technology products; projects involving the research, development, design, manufacturing, packaging, or testing of semiconductor chips; and projects for the construction of artificial intelligence data centers in accordance with the Digital Technology Industry Law, with total investment capital of at least VND 6,000 billion and a minimum disbursement of VND 6,000 billion within 05 years from the date of issuance of the Investment Registration Certificate or approval of the investment policy;
• Investment projects (including new and expansion projects) in specially incentivized sectors with total investment capital of at least VND 30,000 billion and a minimum disbursement of VND 10,000 billion within 03 years from the date of issuance of the Investment Registration Certificate or approval of the investment policy.

Thus, Law No. 90 introduces a broader range of beneficiaries of special investment incentives and support, creating a strong mechanism to encourage large-scale projects, especially in technology, innovation, and the semiconductor industry in Vietnam.

3.Amendments and supplements to the list of conditional business lines

The list of conditional business lines has been supplemented under Clause 18, Article 6 of Law No. 90, including:

• Provision of services related to crypto-assets;
• Personal data processing services.

With the introduction of the Digital Technology Industry Law 2025 (effective 1 January 2026) and Law No. 90, crypto assets are officially permitted as a legal business and investment sector in Vietnam for the first time.

4.Addition of regulations on the authority of provincial People’s Committees to approve investment policies

Under Clause 1, Article 32 of the 2020 Law on Investment, as amended by Clause 8, Article 6 of Law No. 90, several types of investment projects that previously required approval from the Prime Minister will now fall under the authority of provincial People’s Committees, including:

• Investment projects requiring relocation and resettlement of at least 10,000 residents in mountainous areas, or at least 20,000 residents in other regions;
• Investment projects for the new construction of airports or airfields; runways of airports or airfields; passenger terminals of international airports; and cargo terminals of airports or airfields with a capacity of at least 01 million tons per year;
• New investment projects in the business of air passenger transportation;
• Oil and gas processing investment projects.

These amendments demonstrate a clearer trend toward decentralization and delegation of authority, enhancing the role of local governments and streamlining investment procedures for large-scale projects or those with substantial impacts on local populations and infrastructure.

Law No. 90/2025/QH15 introduces many significant new developments relating to investment activities. These changes not only reflect Vietnam’s strategic orientation toward a digital economy, advanced technologies, and innovation, but also contribute to simplifying procedures, strengthening decentralization in administrative and investment management, and creating more favorable conditions for investors.

This article by TNTP titled “Key highlights of investment provisions under Law No. 90/2025/QH15 effective from July 1, 2025” aims to provide useful insights for our readers. Should you require any support, please feel free to contact us.

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