The Ministry of Finance is currently drafting a decree on the operation of a domestic carbon exchange (“Draft Decree”). The Draft Decree is expected to impact enterprises listed in the national greenhouse gas inventory, entities holding carbon credits from offset and exchange mechanisms, as well as businesses engaged in carbon credit trading.

The Ministry of Finance has issued the draft Law amending and supplementing a number of articles of the Law on Enterprises 2020, which is scheduled to be presented to the National Assembly for consideration and approval in May 2025.

On 29 June 2024, the National Assembly of Vietnam promulgated Law No. 41/2024/QH15 on social insurance, effective from 01 July 2025, replacing the 2014 Law No. 58/2014/QH13 on social insurance. The 2024 Law marks a shift toward broader coverage and stricter compliance, aiming to build a more inclusive and sustainable social security system.

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.

On 18 March 2025, the Government adopted and issued Decree No. 68/2025/ND-CP (“Decree 68”) amending Decree No. 118/2021/ND-CP dated 23 December 2021 (“Decree 118”) guiding the Law on Handling Administrative Violations. Decree 68 takes effect from 02 May 2025, introducing amendments, repealing several provisions of Decree 118 and replacing 9 attached forms.

On 28 June 2024, the State Bank of Vietnam issued Circular No. 21/2024/TT-NHNN (“Circular 21”), which regulates letter of credit (“L/C”) operations and related business activities by credit institutions and foreign bank branches (“FBBs”). Effective from 1 July 2024, Circular 21 applies to both residents and non-residents, covering a wide range of entities, including commercial banks, cooperative banks, and FBBs authorized to conduct L/C operations.

On 11 February 2025, the Prime Minister issued Decision No. 265/QD-TTg approving the investment policy of Long Duc Industrial Park Phase 2 in Dong Nai Province (“Project”). It outlines the responsibilities of competent authorities and the Investor in implementing the Project.

The investment policy for the project on the construction and infrastructure business of HD Industrial Park in Hac Dich Ward, Phu My Town, Ba Ria - Vung Tau Province marks a significant milestone in the development of industrial parks in the locality, contributing to economic growth, attracting investment, and enhancing urban infrastructure development.

On 10 December 2024, the Prime Minister of Vietnam issued Decision No. 1541/QD-TTg on the establishment of Ha Nam High-Tech Park. This Decision lays the foundation for a new high-tech park in Ha Nam province, aiming to attract investment and promote research and development in cutting-edge technology sectors.

On 10 February 2025, the Government issued Decree No. 20/2025/ND-CP (“Decree 20”) amending Decree No. 132/2020/ND-CP dated 05 November 2020 guiding tax compliance for enterprises having related-party transactions. Decree 20 takes effect from 27 March 2025 and applies the tax year 2024.

Establishing and Developing the Carbon Market in Vietnam to help the country achieve net-zero emissions by 2050, marking a significant shift towards a sustainable, low-carbon economy.

Circular No. 15/2024/TT-BLDTBXH fully repeals a total of 14 legislative documents, including 10 documents related to labour and wages and 4 documents related to social evils prevention, which takes effect from 15 February 2025.