vietnam

Vietnam: New resolution on International Finance Centre (IFC) in Vietnam promulgated on 27 June 2025 by the National Assembly

At the closing meeting of the National Assembly's 9th session on 27 June 2025, the Resolution on the International Financial Centre (IFC) in Vietnam was passed. This new Resolution aims to attract a strong inflow of foreign capital and major financial institutions by providing a competitive legal framework.

Vietnam Passes Personal Data Protection Law

Vietnam has just taken a major leap in data privacy regulation. On 26 June 2025, the National Assembly officially passed the Personal Data Protection Law, creating a much more comprehensive and stringent framework than Decree 13. This new Law will have wide-reaching impacts on how organizations manage personal data in Vietnam.

The National Assembly of Vietnam recently passed the amended Law on Corporate Income Tax on 14 June 2025, which is set to take effect on 1 October 2025. The law introduces a significant change in the taxation of capital gains. Accordingly, foreign corporate investors deriving income from capital transfers in Vietnam—whether directly or indirectly—will be subject to a deemed CIT rate applied to gross sales proceeds.

New policies on rooftop solar power for self-production and consumption

The article will focus on analysing the policies for developing self-produced and self-consumed rooftop solar power in order to make appropriate assessments in the context of the increasing demand and role of solar power in Vietnam’s economy.

Vietnam: Beneficial Owner Concept And Other Key Amendments To The Law On Enterprises 2020

This briefing explores Vietnam’s new beneficial ownership regulations following its inclusion on the FATF grey list, highlighting key compliance duties and international comparisons.

Vietnam: Legal Update on the Sandbox Mechanism in the Banking Sector

On 30 April 2025, the Government officially promulgated Decree 94 stipulating the sandbox mechanism in the banking sector. In this legal update, we will outline key contents of the Decree which sets out the principles, requirements, and procedures of the sandbox mechanism in the banking sector that Fintech companies should stay alert on.

Vietnam: Workforce Restructure under Vietnamese Labour Law

In this Legal Briefing, Partner Duyen Duong and Trainee Associate Van Nguyen of LNT & Partners provide an in-depth analysis of the legal requirements surrounding lawful workforce restructuring.

Vietnam: Draft Amendment to the Law on the Organization of the People’s Courts – Key Changes in Jurisdiction Over Setting aside Foreign Arbitral Awards

The draft amendment to the Law on the Organization of the People’s Courts has undergone the 6th draft revision on 10 April 2025. One of the most notable proposed changes is the reallocation of jurisdiction to set aside foreign court judgments and foreign arbitral awards from the provincial-level People’s Courts to the newly established Regional People’s Courts.

Vietnam MOIT decisions on Tariff Ceilings for LNG Power Plants and for Wind Power Plants of 2025

On 13 May 2025, the Ministry of Industry and Trade issued Decision No. 1313/QD-BCT, which took immediate effect. Decision 1313 sets a tariff ceiling of VND 3,327.42 per kWh (excluding VAT) for electricity generated by combined-cycle gas turbine power plants using LNG in 2025.

Vietnam: New Law on Data Enabling The Unified Data Management At State Level

In the spirit of administrative procedure reformation, the Vietnamese authorities have been taking strong actions to ensure the reunification of the data management system with a view to improving the public services and operational efficiency.

Entrusting metro and expressway projects to the private sector: a leverage for Vietnam to master infrastructure technology and step out into the world

This legal update covers the following subtopics: 1) Railways, 2) technology transfer, 3) Core issues to ensure substantive technology transfer, and 4) Integrating technology transfer from the bidding – project negotiation phase.

Vietnam: Changing the head of business household: Is it feasible or not?

At the present time, is it feasible to change the head of the business household? And if feasible, how will this change be implemented? This article clarifies the problem, as well as delves deeper into the notes when changing the head of the business household.

Registering a sound trademark in Vietnam

Vietnam officially incorporated non-traditional marks, including sound marks, following its membership in the new-generation Comprehensive and Progressive Agreement for Trans-Pacific Partnership. This article discusses these sound marks.

Personal data processing impact assessment

This article aims to provide an overview of the dossier components and the procedural steps required for preparing and maintaining the personal data processing impact assessment dossier that organizations and individuals in the roles of Data Controllers, Data Processors, and Data Controllers and Processors are required to comply with.

Vietnam: A brief overview of Vietnam’s legal framework on Personal Data Protection

This article provides an overview of the current legal provisions related to personal data protection in relevant legislation, such as the 2006 Law on Information Technology, the 2015 Civil Code, and the 2018 Law on Cybersecurity, Decree No. 13/2023/ND-CP and the 2023 Law on Consumer Protection.

Vietnam: Handling Civil Claims In Vietnamese Criminal Proceedings

In criminal proceedings in Vietnam, civil claims (e.g., claims for compensation, repair of damaged property) often arise alongside criminal charges against criminals. The Criminal Procedure Code 2015 introduces the position of “civil claimants” and “civil defendants” to facilitate the handling of civil claims in Vietnamese criminal proceedings.

Vietnam: Understanding Market Access Requirements For Uncommitted Businesses Under Investment Law 2020

Article 9 of the Investment Law 2020 provides for three kinds of business for foreign investors. This article explains.

Vietnam: New Amendments To The Investment Law 2020

The National Assembly of Vietnam adopted a new law (the Amended Investment Law) to amend and supplement several provisions in Investment Law 2020. Most provisions of the Amended Investment Law take effect from 1 January 2025, except certain cases will take effect from 1 July 2025. In this post, we discuss some notable points in this Amended Investment Law.

Vietnam: Amended Decree on the Implementation of the PPPs

Hong Kong investors engaging in architectural services and technical consultancy in Vietnam

This update covers market access conditions for foreign investors and steps to establish a foreign-invested company engaging in the architectural and technical consulting services.