Together with its implementing decrees and circulars, this Law regulates investment procedures,
investment incentives, the rights and obligations of investors, state management of investment and
offshore investment from Viet Nam. It lists domains entitled to investment preferences such as
production of new materials, farming and processing of agricultural, forest or aquatic products.
The Law on Investment also provides for five main forms of direct foreign investment: i) 100 percent
foreign-owned or domestic-owned companies; ii) joint ventures between domestic and foreign
investors; iii) business contracts (such as business cooperation contracts (BCC), build-and-operate
agreements (BOT and BTO) and build and transfer contracts (BT)); iv) capital contribution for
management of a company; and v) mergers and acquisitions.