Vietnam Legal
Legal Update on Carbon market in Vietnam
On January 24, 2025, the Prime Minister of Vietnam issued Decision No. 232/QD-TTg provides for the establishment of a carbon market in Vietnam
Legal Update on DPPA Decree
On March 3, 2025, the Government of Vietnam issued Decree No. 57/2025/ND-CP providing for direct power purchase agreements (DPPAs) between renewable energy generators and large electricity consumers (“Decree 57”)
Taxation for E-commerce in Vietnam
The Ministry of Finance of Vietnam is drafting a Decree on Tax Administration for E-Commerce and Digital Platforms (the “Draft”)
Exemption of Visa to citizens of 12 countries including Germany
On 7 March 2025 the Government of Vietnam issued Resolution No. 44/NQ-CP on exemption of visa to citizens of 12 countries
Resolution170/2024/QH15
To settle difficulties and obstacles related to real estate projects in some big provinces/cities, on 20 February 2025 the National Assembly of Vietnam issued Resolution170/2024/QH15.
Legal Update on Decree 182
On 31 December 2024, the Vietnam Government issued Decree 182/2024/NÐ-CP (“Decree 182”) on the establishment, management and use of the Investment Support Fund (ISF) to implement the supporting policy to R&D investment projects.
Legal Update on Decree 147
On November 9, 2024, the Government of Vietnam issued Decree No. 147/2024/ND-CP on the management, provision, and use of internet services and online information (“Decree 147”). Decree 147 took effect on 25 December 2024.
Draft Resolution on Financial Centers - Prospects for Fintech and Banking Sectors in Vietnam
With the view to establish an international financial center in Ho Chi Minh City and a regional financial center in Da Nang by 2025, the Government of Vietnam is drafting a Resolution on the establishment of regional and international financial centers in Vietnam.
Legal Update on Decree 163
On December 24, 2024, the government of Vietnam issued Decree No. 163/2024/ND-CP, providing guidelines for implementing the new Telecommunications Law that took effect on July 1, 2024 (“Decree 163”). This Decree replaces Decree No. 25/2011/ND-CP and its amendments (“Decree 25”).
Data Law
To be effect from July 1, 2025, the Data Law which was just passed by the National Assembly of Viertnam is expected to have a significant impact on businesses involved in data-processing activities.
Anti-Corruption Law of Vietnam
While doing business in Vietnam foreign investors should be aware of the local regulations on anti-corruption
New Bidding Law of Vietnam
As from 1 January 2024, the new Bidding Law (the “Bidding Law”) - the adopted in 2023 - took its effect with a number of changes
Employment
New Social Insurance Law
On its 7th section, the 15th National Assembly passed the new Law on Social Insurance to replace the 2014 Law on the same subject. The new Law shall take effect as from 1 July 2025. The following are key changes of the new law as opposed to the 2014 Law
Mandatory Insurance Contributions in Vietnam
Pursuant to the laws of Vietnam, an employee with an employment contract is required to participate in insurance
Visa for Expatriate Employees
Foreign employees entering Vietnam must have a visa and state the purpose and length of their stay in Vietnam before they can be granted entry
Exemption of Work Permits for Foreign Employees
Foreigners entering to work in Vietnam are required to secure a work permit issued by the labor authority
German Investment
Some Figures on German Investments in Vietnam
Germany is the number one among European countries having investment in Vietnam
Foreign Investment
Retention of Documents
When doing business in Vietnam, foreign investors always query about the legal requirements on document retention, especially, retention of contracts.
Trade promotion in Vietnam
Trade promotion in Vietnam is mainly governed by Commercial Law No. 36/2005/QH11 adopted by the National Assembly on 14 June 2005, and its supplements and revisions (“Commercial Law”) and its guiding documents, notably Decree No. 81/2018/ND-CP of the Government dated 22 May 2018 detailing the regulations of the Commercial Law on promotional programs as amended by Decree No. 17/2020/ND-CP dated 5 February 2020 (“Decree 81”).
Ownership of Residential Houses by Foreign Organizations and Individuals
On 24 July 2024 the Government issued Decree No. No.95/2024/ND-CP providing for the implementation of the 2023 Law on Housing (“Decree 95”).
Direct Purchase of Renewable Energy between Generator and Customers
On 3 July 2024 the Government issued Decree No. 80/2024/ND-CP providing for mechanisms for direct sale- purchase of renewable energy (“DPPA”) between generators and large power consumers (“Decree 80”).
Incentives for new investments in economic zones and investments in encouraging sectors
Generally, under the laws of Vietnam, tax and other incentives are available for projects satisfying certain requirements.
Governing Law and Jurisdiction over Disputes Involving Foreign Parties
As a general principle, for all contracts that are executed between and among local individuals and Vietnam - based entities, the application of the local law is required.
Dispute Resolution Mechanism in Vietnam
Vietnam is a country with fast economic development and in-depth integration into the world’s economy. Economic development leads to an increase of commercial transactions which also result in an increase of disputes.
Setting up a Reppresentative Office in Vietnam
A representative office (“RO”) is nornally a first step for foreign investment in Vietnam
How to obtain land in Vietnam
A foreign- invested company may acquire land use rights (“LURs”) through one of the following ways