Regions / Vietnam

Legal Update – February 2026 – The Law on Investment 2025, Effective from 1 March 2026, Introduces Key Changes for Investors and Enterprises

The period from 2020 to 2025 has been marked by significant geopolitical volatility. Investment activities and global supply chains have undergone substantial restructuring. It is widely observed that investment flows in general, and next-generation foreign direct investment (FDI) in particular, are no longer primarily driven by low-cost advantages or short-term incentives. Instead, they are increasingly oriented toward jurisdictions offering stable investment environments, well-integrated political, social, environmental, and technological infrastructure, and a strong commitment to sustainable development standards.

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Legal Update – February 2024 – Law on Price 2023

The Law on Price No. 16/2023/QH15 (“Law on Price 2023“) was adopted by the National Assembly on June 19, 2023 to overcome limitations under the Law on Price 2012 to adapt with drastical changes in reality. The law will take effect on July 01, 2024 except for the provisions on the expertise of the Valuer Council, which will be delayed until January 01, 2026. Below are some notable new points of the Law on Price 2023.

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What Are the Impacts of the New Land Law 2024 on Property/Real Estate Developers in Land Price Evaluation?

We provide a snapshot of the amendments and supplements under the new Land Law 2024 relating to land pricing and evaluation, which is a key issue for all real estate developers and investors. The objective is to assess whether these changes will have significant impacts on land costs and, consequently, lead to changes in real estate selling prices.

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Guidance on the Private Placement of Corporate Bonds in the Domestic Market

Corporate bonds are currently governed by Decree No. 153/2020/ND-CP, dated 31 December 2020, on the private placement of corporate bonds, the trading of privately placed corporate bonds in the domestic market, and the offering of corporate bonds to the international market, as amended and supplemented by Decree No. 65/2022/ND-CP and Decree No. 08/2023/ND-CP (“Decree 153”). On 17 May 2023, the Ministry of Finance issued Circular No. 30/2023/TT-BTC, which provides guidance on a number of regulations concerning registration, depository, exercise of rights, transfer of ownership, transaction settlement, and the organization of the trading market for privately placed corporate bonds in the domestic market (“Circular 30”). Circular 30 specifically applies to privately placed corporate bonds (the “Bonds”) issued from 1 January 2021 in accordance with Decree 153. For Bonds issued prior to 1 January 2021 that remain outstanding, bond depository and trading activities will continue to be carried out in accordance with the approved bond issuance plan.

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New Regulations Under the 2023 Housing Law on the Management and Use of Apartment Buildings

On 29 June 2024, the National Assembly adopted Law No. 43/2024/QH15, which amends and supplements a number of articles of the Land Law No. 31/2024/QH15, the Housing Law No. 27/2023/QH15, the Law on Real Estate Business No. 29/2023/QH15, and the Law on Credit Institutions No. 32/2024/QH15. Notably, this law provides that Housing Law No. 27/2023/QH15, dated 27 November 2023 (the “2023 Housing Law”), takes effect on 1 August 2024, five months earlier than its previously scheduled effective date. In line with the National Assembly’s expectations and directives to address the outstanding issues under Housing Law No. 65/2014/QH13, dated 25 November 2014 (the “2014 Housing Law”), the 2023 Housing Law codifies certain provisions previously found in guiding documents and introduces a number of clearer regulations on the management of residential housing construction investment projects.

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Law on Electronic Transactions

With the rapid growth of the digital economy, electronic transactions are becoming increasingly common and important. This has created the need for a sound legal framework to safeguard the legal rights and interests of parties engaging in electronic transactions. Accordingly, the Law on Electronic Transactions 2023 was promulgated on 22 June 2023 and took effect on 1 July 2024, introducing many new provisions and significant revisions that not only expand the existing legal framework but also create more favorable and secure conditions for parties participating in electronic transactions. With its emphasis on personal data protection, authentication of electronic signatures, and more detailed regulations on electronic contracts, the new law is expected to bring many positive changes. This article aims to outline the key changes under the Law on Electronic Transactions 2023, together with their impacts and the legal considerations for businesses and individuals.

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New regulation on ESOP in Vietnam: Looser control?

With effectiveness from 12 August 2024, implementation of the Employee Stock Ownership Plan in Vietnam shall no longer be required to register with the State Bank of Vietnam

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Developing Commercial Housing Projects on Agricultural and Non-Residential Land: A Legal Milestone

On 30 November 2024, the 15th National Assembly deliberated and officially passed Resolution No. 171/2024/QH15, introducing a pilot framework for the implementation of commercial housing projects through agreements on the acquisition of land use rights or the use of existing land use rights (“Resolution 171”). Resolution 171 marks a groundbreaking pilot phase in Vietnam.

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A Guide to Foreign Exchange Management in Vietnam

This document provides an in-depth overview of Vietnam’s foreign exchange management framework, regulated by the State Bank of Vietnam. It covers key policies such as Vietnam’s managed floating exchange rate system, foreign exchange transaction rules, and capital control measures. The guide details regulations on cross-border payments, account management for residents and non-residents, and requirements for foreign direct investments. Additionally, it outlines investment restrictions in capital markets, real estate, and derivatives trading. The document also highlights compliance obligations, tax considerations, and regulatory measures for financial institutions.

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Vietnam M&A Update 2024: Regulatory Framework and Market Trends

This document provides a comprehensive update on mergers and acquisitions (M&A) in Vietnam, covering the latest regulatory framework, legal requirements, and market trends. It outlines key statutes and regulations governing M&A transactions, including foreign investment restrictions, tax considerations, competition law compliance, and industry-specific rules. The guide also explores the growth of cross-border transactions, foreign ownership limits, and sectoral M&A trends, highlighting industries such as technology, healthcare, real estate, and energy as major investment targets. Additionally, it discusses deal structures, approval processes, shareholder rights, and disclosure requirements for M&A activities in Vietnam. With insights into current market dynamics and future expectations, this report is essential for investors, corporate executives, and legal professionals navigating the Vietnamese M&A landscape.

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