Foreign investment is, once again, flooding into Vietnam. According to The Economist, foreign direct investment hit a record high in 2015. The Vietnamese government has taken steps to improve the investment environment by recently revising the Enterprise Law (2014), the Investment Law (2014), the Land Law (2013), and the Law on Real Estate Business (2013), among others. And if the Trans-Pacific Partnership is ratified, Vietnam will become an even more attractive investment locale, as additional trade barriers are lifted.
While investing in Vietnam has much to offer, foreign investors should also be cognizant of the compliance risks.
Michael Lee, a partner and head of the corporate and commercial team in Tilleke & Gibbins’ Vietnam office, and John Frangos, a consultant in Tilleke & Gibbins dispute resolution team, address these risks and more in the Vietnam chapter of The Asia-Pacific Investigations Review 2017 (2nd Edition), a guide to the important issues in internal and government investigations across the Asia-Pacific, published by Global Investigations Review.
Their analysis presents an overview of each of the three primary compliance risks in Vietnam (anti-corruption, regulatory compliance, and employee fraud) and discusses topics such as how foreign investors can minimize their risks, anti-corruption legislation, and bribery risks.