Vietnam wants to build a common law model quite similar to Hong Kong ( with its own Basic Law and a separate financial regulatory authority, the SFC and HKMA). In the future, there may be policies on taxation, capital controls, independent banking regulations, and even a legal sandbox for fintech.
To attract capital, first there must be laws allowing foreign investment. This is a very significant step. I believe that in just a few years, Vietnam will enter a rapid development phase.
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Vietnam wants to build a common law model quite similar to Hong Kong ( with its own Basic Law and a separate financial regulatory authority, the SFC and HKMA). In the future, there may be policies on taxation, capital controls, independent banking regulations, and even a legal sandbox for fintech.
To attract capital, first there must be laws allowing foreign investment. This is a very significant step. I believe that in just a few years, Vietnam will enter a rapid development phase.