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With the enactment of the 2024 Law on Credit Institutions, Vietnam aims to establish a robust legal framework that addresses the challenges faced by credit institutions, particularly those experiencing liquidity risks and poor performance. This law comprises 210 articles and seeks to rectify shortcomings of the previous 2010 Law on Credit Institutions while promoting the…
01
Oct
Oct
Vietnam’s General Department of Customs (GDC) has recently issued Official Letter No. 3747/TCHQ-TXNK to strengthen the management of duty-incentivized projects undergoing ownership changes. This follows an increase in reports from provincial and municipal customs departments regarding related complications. In response, the GDC has outlined the conditions and procedures for ownership changes in investment-incentivized projects, citing…
02
Oct
Oct
On August 27, 2027, Vietnam’s Prime Minister issued Directive 29/CT-TTg to bolster demand, support production, and promote market development within the country. This directive marks a significant effort by Vietnam, an export-dependent economy, to strengthen its domestic market and enhance the role of local businesses. Vietnam’s economic growth has been predominantly driven by export-oriented industrialization…
14
Sep
Sep
Experts have raised concerns that Vietnam’s current advertising regulations are falling behind the rapidly evolving world of online selling and the increasing influence of social media personalities. To address these concerns, a draft law proposing amendments to several provisions of the Law on Advertising is set for discussion at the upcoming 8th session of the…
29
Aug
Aug
In 2025, Vietnam’s General Statistics Office (GSO) will conduct a comprehensive nationwide enterprise investigation through an online survey. This extensive survey will cover all firms engaged in production and business activities across various industries within the Vietnamese economic system, with the exception of three specific sectors. Decision 1706: The Foundation of the 2025 Enterprise Investigation…
20
Aug
Aug
Vietnam’s business sector continues to show resilience and growth in 2024, despite some month-to-month fluctuations. This article provides an overview of the latest trends in business establishment, reactivation, and closure in Vietnam, with a focus on July 2024 and the first seven months of the year. In July 2024, Vietnam saw the establishment of 14,700…
25
Aug
Aug
The Ministry of Planning and Investment (MPI) has recently unveiled a proposal for a new law focused on industrial parks, aiming to foster the development of large ecological industrial parks (EIPs) and attract high-quality investments. This initiative is part of Vietnam’s broader goals of industrialization, modernization, green infrastructure, digitization, and embracing a circular economy. Key…
20
Jul
Jul
The Ministry of Planning and Investment in Vietnam has recently drafted a new Decree on business registration, set to replace Decree No. 01/2021/ND-CP. This proposed legislation introduces several significant changes aimed at streamlining business registration processes and improving transparency in the business environment. Key changes in the Draft Decree include: Abolition of Business Household Registration…
12
Jul
Jul
In the context of a rapidly developing market economy and increasing international integration, alongside new opportunities, Vietnamese businesses are also facing many challenges in their operations. One of the challenges is the timely update and compliance with Vietnam’s diverse and complex legal system. In such a situation, seeking legal advice from specialized units has become…
17
Jun
Jun
On April 19, 2024, the Ministry of Planning and Investment of Vietnam issued Circular No. 05/2024/TT-BKHDT, which elaborates on providing and publishing information regarding bidding and contractor selection on the Vietnam National E-Procurement System. This circular introduces important regulations and charge rates relevant to contractors and investors. Key Provisions of Circular No. 05/2024/TT-BKHDT Charge Rates…
