THE LEGAL STANDING OF VIETNAM JOINT VENTURE COMPANIES IN THE FOREIGN INVESTMENT SCHEME: A CASE STUDY OF THE LOBSTER SEED INDUSTRY IN INDONESIA

Navis Azka (Universitas Indonesia)

Multidiciplinary Output Research for Actual and International Issue (Morfai Journal)
Vol. 4 No. 2 (2024): Multidiciplinary Output Research For Actual and International Issue

This research aims to analyze the legal standing of Vietnamese joint venture companies within the framework of foreign investment laws in Indonesia, as well as the legal impacts and juridical implications of their activities in the lobster seed industry. In recent years, Indonesia's lobster seed industry has attracted foreign investors, particularly from Vietnam. The Minister of Maritime Affairs and Fisheries Regulation no. 7 of 2024 provides a legal framework for joint venture companies operating in this sector. However, this policy raises various legal issues, including allegations of monopoly and its effects on local fishermen. The Research Question What is the legal standing of Vietnamese joint venture companies within the framework of foreign investment laws in Indonesia based on the Ministry of Maritime Affairs and Fisheries Regulation No. 7 of 2024 as it relates to the lobster seed industry What are the legal impacts and juridical implications of the activities of Vietnamese joint venture companies as foreign investors in the legal and lobster seed industry sectors in Indonesia. This study finds that Vietnamese joint venture companies have a legitimate position within the foreign investment legal framework in Indonesia; However, the implementation of policies often does not align with the objectives of protecting local fishermen. There are indications of monopolistic practices by these companies, which disadvantage local fishermen and create imbalances in profit distribution within the fisheries sector.