This chapter provides an overview of Viet Nam’s legal framework for investment. It examines the quality of the country’s investment policies and the level of legal protection granted to both domestic and international investors. Particular attention is given to the new Investment Law enacted in 2015. The chapter looks into the rules for expropriation, contract enforcement and dispute settlement as well as the regimes for intellectual property rights and for access to land. It also reviews Viet Nam’s international investment treaty practice, including its relation with ASEAN practice and its legal framework for investor-state dispute settlement.