News

AMENDED LAW ON BANKRUPTCY – THIRD DRAFT

The Draft Law is expected to be presented to the National Assembly for discussion during its 9th session in May 2025 and for approval at the 10th session in October 2025. Any bankruptcy case initiated under the 2014 Law on Bankruptcy that has not yet resulted in a bankruptcy decision issued by a competent court as of the effective date of the Draft Law will be governed by the new law.

03 Apr 2025

MARCH 2025 NEWSLETTER

In this edition, you can read about new regulations on determining related-party transactions between enterprises and credit institutions to fight against transfer pricing. Besides, we provide other news and regulations that might interest you.

10 Mar 2025

CHAMBERS AND PARTNERS' DOING BUSINESS IN VIETNAM GUIDE 2024

In this edition of Chambers Global Practice Guides: Doing Business In... 2024, ACSV Legal contributed to the Vietnam chapter on Law & Practice and Trends & Developments. We hope this guide will serve as a reference for lawyers and investors looking to understand the basic principles guiding the legal system of Vietnam.

31 Dec 2024

AMENDMENTS TO DECREE 152 ON REQUIREMENTS TO HIRE FOREIGN EMPLOYEES

Obtaining a work permit or a work permit exemption certification in Vietnam is often a concern for foreigners. Decree 152 caused some issues, especially with regard to the requirement to have a degree matching the job. This is no longer required. There is a new requirement to post the vacancy before starting the recruitment.

27 Sep 2023

ROLE OF TRADE UNIONS IN CIVIL PROCEEDINGS

To fulfill the role of the trade unions in labour dispute resolution procedures, the Vietnam General Confederation of Labour has issued Guidance Number 92/HD-TLD. This guidance will provide instructions for the trade union regarding complaints and participation in civil proceedings in relation to labour disputes at the court.

25 Sep 2023

NEW REGULATIONS ON ONSHORE LOANS BY CREDIT INSTITUTIONS

Circular 6 loosens some restrictions on lending and debt repayment currency while introducing certain new requirements and restrictions. Besides, it also creates a new legal framework for digital lending activities.

07 Sep 2023

IMPORTANT REGULATIONS FOR FOREIGNERS WORKING IN VIETNAM

A draft amendment and supplement to Decree 152 was issued to remove difficulties and obstacles in the process of applying the provisions of Decree 152/2020/ND-CP. It stipulates stricter requirements for foreign workers and the notification process and procedures, and it limits cases of work permit exemption.

21 Aug 2023

PENALTIES FOR ADMINISTRATIVE CYBERSECURITY VIOLATIONS

This Draft Decree sets out the administrative sanctions for violating the 2018 Cybersecurity Law. It also sets out sanctions for violating the first-ever Decree on Personal Data. If adopted, the decree will go into effect on 1 December 2023.

04 Aug 2023

CHANGES IN APPLICABLE VAT RATE

From 1 July to the end of 2023, a reduction of 2% in the VAT rate will apply to goods and services. It applies to all stages of importation, manufacturing, processing and trading. For services, it depends on the date of completion.

12 Jul 2023

VIETNAM COMPETITION COMMISSION OFFICIALLY TAKES SHAPE

On 10 February 2023, the Government issued Decree No. 3/2023/ND-CP providing for the functions, rights and duties, and organisational structure of the Vietnam Competition Commission. Decree 3 will take effect on 1 April 2023.

28 Mar 2023

NEW LAW WILL BE IN LINE WITH FATF 40 RECOMMENDATIONS

The Vietnamese National Assembly adopted a new Law on AML (New Law) on 15 November 2022. This New Law will take effect on 1 March 2023.

30 Dec 2022

FX ADMINISTRATION OF ENTERPRISES’ FOREIGN BORROWING AND DEBT REPAYMENT

Circular 12 regulates various matters on foreign borrowing and debt repayment, such as the registration procedure of the enterprise’s foreign loan without a Government guarantee, opening and use of accounts for foreign borrowing and debt repayment, and reporting regime related to the enterprise’s foreign loan.

30 Nov 2022

DECREE 65 ON OFFERING AND TRADING PRIVATE CORPORATE BONDS

Decree 65 supplements the definition of secured bonds, contains more information on how professional investors are determined and more rules for non-professional investors.