Vietnam experienced a continued growth trend in foreign direct investment in 2017 with foreign investment inflows reaching an incredible US$35.6 billion—registering yet another record level. When compared to the record level produced in the 2016 fiscal year, the increase comes out to an astonishing 44.4%. The Economist hypothesizes that Vietnam is holding the key to continual, exponential growth, similar to South Korea, China, and Taiwan before it. The Vietnamese government has also taken steps to improve the investment environment by revising the Enterprise Law (2014), the Investment Law (2014), the Land Law (2013), and the Law on Real Estate Business (2014), among others.
While investing in Vietnam has much to offer, foreign investors should also be cognizant of the compliance risks. Doing business in Vietnam requires proper oversight and controls, and it is important for investors to be aware of and prepared for the risks, before investing in this dynamic jurisdiction.
John Frangos, a consultant in Tilleke & Gibbins’ dispute resolution team, addresses these risks and more in the Vietnam chapter of The Asia-Pacific Investigations Review 2019 , a guide to the important issues in internal and government investigations across the Asia-Pacific, published by Global Investigations Review.
The analysis presents an overview of each of the four primary compliance risks in Vietnam (anti-corruption, regulatory compliance, employee fraud, and the corporate criminal liability) and discusses topics such as how foreign investors can minimize their risks, anti-corruption legislation, and bribery risks. The chapter is available to download in full below.
