On 03 April 2026, the Government issued Decree No. 122/2026/ND-CP (“Decree 122”), providing detailed regulations on the resolution of difficulties encountered by Build-Operate-Transfer (BOT) projects in the transport sector. Decree 122 took effect from its signing date (03 April 2026). In this article, the lawyers of BFSC Law LLC provide an overview of key provisions […]
On April 7, 2026, the Government promulgated Resolution No. 16/2026/NQ-CP (“Resolution 16”), providing mechanisms and policies to resolve difficulties and obstacles arising in Build–Transfer (BT) investment projects implemented prior to the effective date of the Law on Investment under the Public-Private Partnership (PPP) model (the “Transitional BT Projects”). Resolution 16 takes effect from April 7, […]
On 7 April 2026, the Government of Vietnam issued Decree No. 137/2026/ND-CP on the regulation of multi-level marketing activities (“Decree 137”). Decree 137 will take effect from 1 July 2026 and replaces Decree No. 40/2018/ND-CP, as amended and supplemented by Decree No. 18/2023/ND-CP (“Decree 40”). The issuance of Decree 137 also results in the termination […]
Regulatory gap arising from amended laws without updated implementing regulations In recent years, Vietnam has undertaken significant legislative reforms, with several important statutes being amended or supplemented and taking effect from 1 January 2026 and throughout 2026. However, a recurring issue in the legislative process is that amended laws may come into force before the […]
BFSC Law LLC (BFSC) hereby announces the Lunar New Year (Tet) holiday schedule of its Head Office and Branch Offices as follows: Holiday period: From February 13, 2026 (Friday) to the end of February 22, 2026 (Sunday); Working resumption date: February 23, 2026 (Monday). On the occasion of the Lunar New Year of the Binh […]
Overview Dispute resolution mechanisms applicable to public–private partnership (“PPP”) investments in Vietnam currently comprise two principal avenues: (i) petition (complaint) mechanisms; and (ii) litigation and dispute resolution proceedings. These mechanisms are governed primarily by the Law on Investment in the Form of Public–Private Partnership No. 64/2020/QH14 dated 18 June 2020, as amended (“PPP Law”), and […]
A PPP project contract is a written agreement between a competent state authority and an investor and/or a PPP project company, under which the State grants the investor the right to implement a PPP project in accordance with the Law on Public–Private Partnership Investment (“PPP Law”). This Legal Brief highlights key legal issues that foreign […]
The Law on Investment No. 143/2025/QH15 (“Law on Investment 2025”) was passed by the National Assembly on 11 December 2025 and will come into force on 1 March 2026, except for:(i) the provisions under Clause 3 Article 50 amending and supplementing certain articles of the Law on Railways No. 50/2025/QH15; and(ii) the list of conditional […]
Circular No. 60/2025/TT-NHNN On 30 December 2025, the State Bank of Vietnam (“SBV”) issued Circular No. 60/2025/TT-NHNN regulating the conditions, dossiers and procedures for obtaining approval for capital contribution and share acquisition by credit institutions (“Circular 60”). Circular 60 takes effect from 13 February 2026 and replaces Circular No. 25/2024/TT-NHNN. Circular 60 introduces a number […]
On 10 December 2025, the National Assembly of Viet Nam adopted the Construction Law 2025, introducing significant reforms to the legal framework governing construction activities. The new law replaces a number of administrative-driven rules under the Construction Law 2014 with a more contract-oriented and risk-based approach, aligning Vietnamese construction law more closely with international practices. […]
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