The new investment law in Vietnam aims to create a more attractive investment environment by streamlining procedures, consolidating conditional business sectors, and removing the requirement for an investment registration certificate for M&A transactions. This will reduce burdens and unexpected requirements for investors. The law fits within Vietnam's efforts to integrate into the global economy through trade agreements and reforms to improve competitiveness by reducing administrative procedures and adopting international standards. However, the effectiveness of the new law remains to be seen pending implementing decrees.