If a foreign investment involves the business activities specified under these World Trade Organization (WTO) commitments, the investment conditions and restrictions set out there will apply in addition to relevant local legislation (which is normally in line with Vietnam’s WTO commitments).
If a foreign investment involves business activities not specified under Vietnam’s WTO commitments, only domestic law will apply.
If domestic law is silent, the foreign investment may still be approved on a case-by-case basis, or fall in deadlock.