WTO & International Trade Center (WITC)

The Review Vietnam's legal framework against commitments under TPP on Investment


Date: 2017

By: WTO and International Trade Center

TPP commitments on investment are among the institutions expected to initiate the changes in the institutions of Vietnam (including wordings and commitments on market access foreign investment in some sectors, especially services). Therefore, the review of Vietnam legal framework against TPP commitments on Investment has the considerable meaning in initiation of the legal revision, in order to enforce obligations of Vietnam in the TPP (if any), and more importantly, to determine the target of practical reforms on investment in the near future.

The review of Vietnam legal framework against TPP commitments on investment is prepared by the Vietnam Chamber of Commerce and Industry (VCCI) with the analysis of the compatibility of the Vietnam legal framework with commitments from the perspective of Vietnam enterprise. Therefore, this review is able to propose solutions to ensure compliance with the Agreement in a most beneficial way for Vietnam enterprises. This review was made after the legal review Vietnam against EVFTA commitments prepared by VCCI, therefore, this review also has the comparison between TPP and EVFTA commitments on investment institutional issues to determine the difference and similarities on specific aspects, while incorporating the recommendations of domestic legislation revision in implementing the both agreements’ commitments to the most possible extent.

This review is in the chain of 09 Review Vietnam legal framework against TPP and EVFTA commitments in the critical institutional areas (including Investment, Government procurement, Intellectual property, Customs and Trade facilitation, Transparency, Service market access) prepared by the Vietnam Chamber of Commerce and Industry (VCCI) within the framework of 02 stages of the Programme of Reviewing Vietnam legal framework with institutional commitments under new generation free trade agreement with the support of the Embassy of the United Kingdom of Great Britain and North Ireland.

The publication is attached below