New Vietnam Investment Rules Aim to Boost Security Amid Global Tensions

Vietnam Public Security has stated that investors will need police approval for projects, under a major reform meant to boost security.

In a statement released by the ministry, which is still subject to changes, could increase compliance costs for businesses in the Southeast Asian nation while significantly expanding the powers of the security apparatus.

In a separate explanatory document, the ministry said the new provisions were necessary to deal with a more complex international situation dominated by strategic competition.