vietnam

Vietnam’s 2025 Retail Electricity Rates

On 29 May 2025, the Prime Minister of Vietnam issued Decision No. 14/2025/QD-TTg on the structure of the retail electricity tariffs, which took immediate effect.

Vietnam: Amended Law on Corporate Income Tax

The amended Law on Corporate Income Tax has just been passed by the National Assembly on 14 June 2025 and will be effective from 1 October 2025. One of the key changes included in the Amended CIT Law is a major revision to the basis of taxation for income derived by foreign corporate shareholders from capital transfers, whether directly or indirectly, in the form of shares in non-public joint stock companies or invested capital in limited liability companies in Vietnam.

Replacement of individual tax code with Personal Identification Number for Vietnamese citizens and the issuance of electronic identification for foreigners

Effective from 01 July 2025, the individual tax code for Vietnamese citizens will be officially replaced by the PIN issued by the Ministry of Public Security. In addition, the competent authorities are expediting the issuance of electronic identification for foreigners.

Vietnam: Circular 32/2025/TT-BTC on Invoices and Documents

On 31 May 2025, the Ministry of Finance issued Circular 32/2025/TT-BTC, providing detailed guidance on e-invoice usage and management in accordance with the provision of Decree 70/2025/ND-CP.

Vietnam: Decree 174 extending 2% VAT reduction to 2026

To continue stimulating economic activity, Vietnam Government has issued Decree 174/2025/ND-CP, extending the 2% VAT reduction effective from 01 July 2025 through 31 December 2026. Decree 174 expands the range of goods and services eligible for the reduction, aiming to further boost consumer demand.

Vietnam: Decree 181 and Circular 69 guiding on the implementation of Law on Value Added Tax

On 01 July 2025, the Government issued Decree 181/2025/ND-CP, and the Ministry of Finance released Circular 69/2025/TT-BTC, both of which introduce crucial updates to the Law on Value Added Tax. These new guidelines, effective immediately, clarify and supplement various provisions under the Law on VAT, including the application of the 0% VAT rate, non-cash payment requirements, and conditions for VAT credit and refunds.

Vietnam: Announcement of electronic identification for foreigners at the immigration office of HCMC

Vietnam: Regulations on the use of electronic visas to enter Vietnam for work

Foreigners granted an e-visa may enter Vietnam for legally permitted purposes, with a maximum visa validity of 90 days. This article analyzes the legal regulations and practical cases related to foreigners using an e-visa to enter Vietnam for working purposes.

Vietnam: Regulations on tax administration for households and individuals doing business on e-commerce platforms

The Government of Vietnam issued Decree No. 117/2025/ND-CP on June 9, 2025, stipulating tax administration for business activities of households and individuals on e-commerce platforms and digital platforms. Decree 117 will take effect from July 1, 2025, and includes the key points described in this article.

Vietnam passes law on digital technology industry

On June 14th, 2025, at its 9th Session, 15th Legislature, the Vietnamese National Assembly passed the Law on Digital Technology Industry. This marks Vietnam’s first specialized law enacted to promote the development of digital technology industries, including semiconductors, artificial intelligence (AI), and digital assets.

Vietnam: Major Corporate Governance Upgrade Under Vietnam's Revised Enterprise Law

The 2025 Amended Enterprise Law officially takes effect on 1 July 2025, marking a major turning point with core reform pillars: strengthening AML compliance through beneficial ownership disclosure; facilitating the digital transformation in enterprise registration; clarifying certain share capital regimes in joint stock company; and refining the legal framework for bond issuance. These reforms not only bolster transparency and governance efficiency but also empower Vietnamese enterprises to operate with greater agility in the digital era.

Vietnam: Tax Alert on Advance Pricing Agreements (APA)

On 11 June 2025, the Government issued Decree No. 122/2025/ND-CP on the delegation and decentralisation of authority in the field of tax administration. The Decree introduces notable revisions related to the handling and approval of bilateral and multilateral Advance Pricing Agreements (APAs), and will take effect from 1 July.

Vietnam: Amended Corporate Income Tax Law

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.

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.

Vietnam: Tax inspection on ESOPs

The Tax Department has recently launched an ad-hoc tax inspection campaign targeting companies that have issued shares under Employee Stock Ownership Plans (ESOPs). The campaign aims to strengthen oversight and enhance transparency in ESOP-related activities.

Vietnam: Draft Decree on Cosmetic Product Management Released for Public Consultation

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.