vietnam

Vietnam: PDP 8 Revised – Vietnam’s 2030 Installed Power Capacity Targets

On 15 April 2025, the Prime Minister of Vietnam issued Decision No. 768/QD-TTg, approving the revised National Power Development Plan for the period 2021–2030, with a vision to 2050. This decision takes effect immediately upon issuance and replaces Decision No. 500/QD-TTg, dated 15 May 2023, which previously approved the national power development plan for the same period.

Vietnam: Draft Personal Data Protection Law - Key Issues

The Draft Personal Data Protection Law, expected in 2025, introduces major updates to Decree 13/2023/ND-CP. Key changes include: Expanding data processing rules beyond digital environments, Mandatory encryption of sensitive data, Appointing certified data protection officers, Stricter rules for processing without consent, Separate consent requirements within corporate groups, Regular impact assessments and regulatory filings, Enhanced cross-border data transfer controls, Clearer contractual obligations.

Vietnam: Update on Trade Union Law

Effective from 1 July 2025, the Law on Trade Union No. 50/2024/QH15 introduces significant reforms to Vietnam’s trade union framework. This new Law expands the rights to establish and participate in trade unions, broadens eligibility to foreign employees and those without employment relationships, and clarifies provisions on trade union finance and contribution obligations.

Vietnam: Changes to Invoicing Regulations

On 20 March, the Government released Decree 70/2025/ND-CP setting out some new rules on invoicing, which will take effect from 1 June 2025.

Vietnam: Tax Policy on Invoices and Supporting Documents - Decree 70/2025/ND-CP

Effective from 1 June 2025, Decree 70/2025/ND-CP introduces key amendments to Vietnam’s regulations on electronic invoices. This Decree refines provisions under Decree 123/2020/ND-CP, focusing on enhancing compliance, simplifying e-invoice issuance procedures, and improving integration with the tax authority’s systems.

Vietnam: Notes on paying taxes when individuals have income arising from real estate leasing activities

In this article: 1) Determining the types of taxes that need to be paid when individuals have income from real estate leasing, 2) Other notes on tax declaration and payment when earning income from real estate leasing activities.

Vietnam: Sandbox Expected to Launch at Vietnam's Financial Centre in 2026 - A Golden Opportunity for Fintech Investors

As part of its digital transformation and global financial integration strategy, Vietnam is steadily developing its Regional and International Financial Center. One of the key initiatives supporting this vision is the issuance of a decree on the Regulatory Sandbox for the banking sector, expected to be officially launched in 2026.

Vietnam: Transfer Pricing Update 2025

On 10 February 2025, the Government of Vietnam issued Decree No. 20/2025/ND-CP, which amends and supplements certain articles of Decree No. 132/2020/ND-CP dated 5 November 2020, regarding tax regulations for enterprises with related-party transactions. Decree 20 will be effective from 27 March 2025 and applies from tax year 2024 onwards.

Cambodia: Notification on the Obligation to Comply with the Law on Associations and Non- Governmental Organizations

In 19 February 2025, the Ministry of Interior issued Notification No. 571 on the Obligation to Comply with the Requirements under the Law on Associations and Non-Governmental Organizations. Notification 571 serves as the fourth reminder from the MOI for associations and local non-governmental organizations to adhere to the obligations outlined under the LANGO.

Vietnam: Navigating the new reciprocal tariffs

On April 9, 2025, President Donald Trump announced a 90-day pause on higher reciprocal tariff rates on specific countries. This, however, means the base tariff of 10% is still applied for now. Businesses should use the 90-day pause as an opportunity, not a resolution, to evaluate the impact.

Vietnam: New Decree 75/2025/NĐ-CP on Pilot Program for Commercial Housing Projects

Resolution 171/2024/QH15 introduces a pilot mechanism to develop commercial housing projects through land use rights agreements or existing land holdings. Supporting this, Decree 75, provides detailed guidance on the implementation of specific provisions under Resolution 171, offering a clear framework.

Vietnam: Issues during the due diligence process in M&A transactions

Vietnam: Condition and duration for the application of incentive policies and support for new energy electricity development

The commitment to transition to renewables is strongly reflected in the Law on Electricity No. 61/2024/QH15, Decision No. 500/QD-TTg of May 15, 2023, on the National Power Development Plan for the 2021–2030 with a vision toward 2050, Decision No. 893/QD-TTg of July 26, 2023, on the National Energy Master Plan.

Vietnam: Things To Note When Filing A Patent In China

Filing a patent in China is not overly complicated, but it must comply with the provisions of the Patent Law and the guidelines issued by the China National Intellectual Property Administration (CNIPA). Below are several key points that patent applicants in China should note.

Vietnam: Value-added tax rate for construction implementation contracts from January 1, 2025 to June 30, 2025

Currently, in many construction implementation contracts, the parties often agree on a contract value that includes value-added tax (VAT). However, errors in determining the applicable VAT rate often occur, leading to errors in calculating the total contract value. Therefore, this article will provide guidance on accurately determining the VAT rate to assist parties involved in construction implementation contracts.

Vietnam: Remote Court Hearings: Significant Legal Issues

Remote court hearings, an increasingly common practice, promise to usher in a new chapter in the judicial reform journey of Vietnam. However, alongside the positive outcomes, several legal issues must be addressed to ensure these hearings are conducted efficiently, fairly, and transparently. So, how are remote court hearings currently regulated, and how are they implemented in practice?

Vietnam: Legal issues related to the announcement of Economic Concentration when carrying out M&A transactions

When carrying out M&A transactions, especially at large enterprises or corporations, one of the important legal issues to keep in mind is Procedures for notification of Economic Concentration. This is a mandatory requirement when these transactions can significantly affect the competitive environment in the market.

Vietnam: Loss of right to object in arbitration proceedings

In arbitration proceedings, if a party discovers that the Arbitral Tribunal or Center has violated the provisions of the law or arbitration agreement, it can raise an objection. However, such objections are not always accepted.

Vietnam: Notable when carrying out the registration procedures for foreign investors to contribute capital/buy shares/buy contributed capital

This update covers to following topics with respect to registration: 1. Registration procedures for foreign investors to contribute capital/buy shares/buy contributed capital, 2. Reviewing the company's target business lines, 3. Payment of the transfer value and 4. Amending the registration certificate.

Vietnam: Guide to Vietnam Data Centre Regulations - Q&A

To assist organizations in understanding and complying with these evolving requirements, KPMG Vietnam is pleased to present this Guide to Vietnam Data Centre Regulations, offering insights into the regulatory landscape and practical guidance for investors in this fast-growing sector.