Chapter I
GENERAL PROVISIONS
Article 1.- The State protects and encourages Vietnamese organizations and citizens, Vietnamese residing abroad, foreigners residing for a long time in Vietnam, to invest in socio-economic fields on Vietnamese territory according to provisions of Vietnamese law.
The Government shall issue concrete regulations concerning investment by Vietnamese residing abroad and foreigners residing for a long time in Vietnam.
Article 2.- In this Law, the expressions herebelow are understood as follows:
1- "Domestic investment" is the commitment of capital to production and for business in Vietnam, by an organization or individual as provided for in Article 1 of this Law.
2- "Investor" is an organization or individual, as provided for in Article 1 of this Law, who directly invests capital as provided for in Article 4 of this Law.
Article 3.- Investment capital includes: Vietnamese currency, convertible foreign currencies, gold, silver, gems, transferable stock, factory buildings, construction, equipment, machinery, other production means or land use value, industrial property used for investment in Vietnam.
Article 4.- Investment under this Law may assume one of the following forms:
1- Investment for establishing production and business in any economic sector;
2- Investment for enlarging the scale, raising the production capacity, research on the development and renovation of technology utilized by existing production and business establishments:
3- Purchase of shares in companies, capital contributions to businesses, including State businesses allowed to diversify their form of ownership.