Vietnam: The Law on Investment No. 143/2025/QH15 officially took effect on 01 March 2026 (“Investment Law 2025”), replacing the Law on Investment No. 61/2020/QH14 (“Investment Law 2020”), continuing to build upon and refine the regulations governing offshore investment activities. Notably, for the first time, the Government has issued a dedicated decree to provide detailed guidance for this sector. Accordingly, Decree No. 103/2026/ND-CP on offshore investment took effect on 03 April 2026 (“Decree 103/2026/ND-CP”), replacing Chapter VI of Decree No. 31/2021/ND-CP on elaborating some articles of the Law on Investment (“Decree 31/2021/ND-CP”). This new decree clarifies the provisions of the Investment Law 2025 and systematizes the legal framework regulating offshore investment.