Gov't promulgates new Decree on overseas investment in oil and gas sector

The new Decree, scheduled to take effect from December 5, 2024, shall replace Decree No. 124/2017/ND-CP dated November 15, 2017.

Under the new Decree, sources of capital for investment abroad in oil and gas shall include legal money and other lawful assets of the investors.

Legal money and other lawful assets as prescribed shall include foreign currencies on accounts at authorized credit organizations or purchased at credit institutions in accordance with the established laws; Vietnamese dong, machinery, equipment, supplies, raw materials, fuel, finished goods, and semi-finished goods; intellectual property, technology, brand values, property rights,a and shares.