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Legal Updates

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NEW DECREE ON VAT REDUCTION POLICY
On 31 December 2024, the Government of Vietnam passed the Decree 180/2024/ND-CP on value-added tax (“VAT”) reduction policy in accordance with Resolution No. 174/2024/QH15 issued by National Assembly of Vietnam issued on 30 November 2024, which took effect from 01 January 2025.

02 Jan 2025

AMENDMENT TO PREFERENTIAL EXPORT AND IMPORT TARIFF SCHEDULES UNDER CPTPP
Decree No. 13/2025/ND-CP (“Decree 13”) established Vietnam's Preferential Export Tariff Schedule and Special Preferential Import Tariff Schedule for implementing the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the period from 2022 to 2027. Decree 13 primarily addresses the accession of the United Kingdom of Great Britain and Northern Ireland (the “UK”) to CPTPP.

24 Jan 2025

THE IMPLEMENTATION OF THE INVESTMENT LAW REGARDING SPECIAL INVESTMENT PROCEDURES
Decree 19/2025/ND-CP elaborates on Article 36a of the Investment Law, as amended and supplemented in Law No. 57/2024/QH15, which introduces certain revisions to the Law on Planning, the Law on Investment, the Law on Public-Private Partnership Investment, and the Law on Bidding.

14 Feb 2025

THE INVESTMENT PROJECT ON CONSTRUCTION AND INFRASTRUCTURE BUSINESS OF KIM THANH 2 INDUSTRIAL PARK (PHASE 1)
Decision No. 211/QD-TTg marks a significant milestone in the development of industrial parks in the region, fostering economic growth, attracting investment in supporting industries, and driving urban infrastructure development.

27 Jan 2025

STRATEGIC URBAN DEVELOPMENT OF THU DUC CITY
On January 21, 2025, the Prime Minister of Vietnam issued Decision No. 202/QD-TTg, approving the general planning project for Thu Duc City, Ho Chi Minh City, until 2040. This decision establishes the long-term framework for urban development, economic growth, and infrastructure planning in Thu Duc City, a strategic area within Ho Chi Minh City.

03 Feb 2025

NEW DECISION ON GREENHOUSE GAS INVENTORY REQUIREMENTS IN VIETNAM
On 13 August 2024, the Prime Minister of Vietnam issued Decision No. 13/2024/QD-TTg, which updates the lists of sectors and greenhouse gas (GHG) emitting facilities required to develop a GHG inventory. The update aims to enhance Vietnam’s GHG emission monitoring and reporting framework, ensuring compliance with the country’s environmental commitments.

30 Sep 2024

VIETNAMESE GOVERNMENT ORGANIZATIONAL RESTRUCTURING: CENTRAL AND LOCAL STREAMLINING BEFORE AND AFTER THE 2025 REFORM
In December 2024, the Vietnamese government issued Plan No. 141/KH-BCĐTKNQ18 and related reports aimed at restructuring and streamlining its organizational apparatus.

12 Feb 2025

NEW REGULATIONS ON THE OFFSHORE-ISSUED BONUS SHARE PLAN
A recent amendment to Vietnam's regulations governing employee stock ownership plans (ESOPs) has significantly simplified the process for foreign entities to offer these benefits to Vietnamese employees. The State Bank of Vietnam's Circular No. 23/2024/TT-NHNN, effective from August 12, 2024, has removed several hurdles, making it easier for companies to implement offshore-issued ESOPs.

Decree 101: Key Changes to Vietnam's Land Law
Decree 101, effective August 1, 2024, outlines new regulations for land registration, LURCs, and land-attached assets in Vietnam. Key changes include clearer timelines for registration, new LURC issuance requirements, unique LURC codes, and improved access to land information. These updates aim to streamline the land registration process and enhance transparency for land users in Vietnam.

REGULATION ON NON-CASH PAYMENTS
Decree 52 on non-cash payments significantly overhauls Vietnam's non-cash payment landscape. With a sharper focus on e-money and international payments, it aims to boost efficiency, transparency, and security. Key changes include a clear definition of e-money, stricter regulations for payment intermediaries, and new rules for public postal service providers.

SOCIAL ENTERPRISES IN VIETNAM
Social Enterprises Vietnam article explores the legal framework for social enterprises in Vietnam, businesses that prioritize social and environmental goals alongside profit. It outlines the rights and obligations of these enterprises, the process for obtaining social enterprise status, and the challenges they face in the current landscape. Despite regulatory hurdles and limited public awareness, social enterprises in Vietnam are making a tangible impact, as exemplified by Mai Handicraft, Tò He, and The Zó Project. The article concludes with recommendations to strengthen the social enterprise sector, including clearer guidelines, enhanced public support, and increased awareness campaigns.

NEW LAW ON BIDDING IN VIETNAM
Vietnam's 2023 Law on Bidding (LOB) has introduced significant changes to the country's bidding landscape. The upcoming article will delve into the key modifications, including the expansion of the law's application to include state-owned enterprises and specific investment projects and the introduction of international bidding. Additionally, the article will explore the new types of agreements introduced with contractors. These changes are set to enhance transparency, fairness, and efficiency in Vietnam's bidding processes.