NEWS

Vietnam is revising its Law on Commercial Arbitration to address practical gaps and align with international standards. The Draft Law, expected to be considered by the National Assembly in 2025, proposes broader arbitrability, refined procedures, stronger tribunal powers, and more enforceable awards.

In this edition, we highlight major reforms to modernize Vietnam’s notarization practice, enacted on 26 November 2024 and effective from 1 July 2025. Besides, we provide other news and regulations that might interest you.

On 26 November 2024, the National Assembly of Vietnam passed Law No. 46/2024/QH15 (“2024 Law on Notarization”), which took effect on 1 July 2025. This new law introduces major reforms to modernize notarization practice in Vietnam, aiming to enhance accessibility, streamline procedures, and integrate technology into notarial services.

In this edition of Chambers Global Practice Guides: Doing Business In... 2025, 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.

Following our recent seminar, we’re sharing key takeaways from our presentation deck on Vietnam’s new Personal Data Protection Law (PDPL), effective 1 January 2026. Learn what businesses must do to comply, from DPIA and DTIA filings to consent requirements and appointing a DPO.

In late March and early April, the 2025 Symposium hosted by VIAC featured our Special Counsel and Head of Dispute Resolution Practice, Minh Nguyen, as a guest speaker. Her presentation outlines the key differences between the “expedited procedure” and the “streamlined procedure” under the SIAC Arbitration Rules, effective from 1 January 2025.

In this edition, we highlight Vietnam’s new beneficial ownership rules under the amended Law on Enterprises, which was enacted on 17 June 2025 and took effect on 1 July 2025. Besides, we provide other news and regulations that might interest you.

Vietnam has introduced a formal regime for disclosing Ultimate Beneficial Owners (UBOs) under the amended Law on Enterprise. From 1 July 2025. This marks a significant step toward aligning with international AML and transparency standards (FATF). Companies should review their ownership structures and prepare for increased compliance obligations.

Vietnam’s Personal Data Protection Law was officially passed on 26 June 2025 and will take effect on 1 January 2026. The law introduces strict rules on how personal data is collected, used, and protected. Businesses must obtain consent, implement safeguards, and respect individual rights or face serious penalties.

On 29 April 2025, the State Bank of Vietnam issued Circular No. 03/2025/TT-NHNN (“Circular 03”), which takes effect from 16 June 2025. This Circular replaces Circular No. 05/2014/TT-NHNN and introduces significant changes to the regulations on Vietnamese dong accounts used for foreign indirect investment activities in Vietnam.

The Ministry of Health has issued a draft decree (“Draft Decree”) to replace Decree No. 93/2016/ND-CP, along with a draft circular (“Draft Circular”) amending and supplementing several provisions of Circular No. 06/2011/TT-BYT. Together, these drafts update the regulatory framework governing cosmetics in Vietnam.

In this edition, we highlight the Draft Decree and Draft Circular updating Vietnam’s cosmetics regulatory framework, currently under final review and expected to be promulgated in 2025. Besides, we provide other news and regulations that might interest you.