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Circular No. 121/2026/TT-BTC Amending and Supplementing Circular No. 68/2025/TT-BTC on Forms for Enterprise Registration and Business Registration

On 21 August 2026, the Ministry of Finance issued Circular No. 121/2026/TT-BTC amending and supplementing Circular No. 68/2025/TT-BTC on forms for enterprise registration and business registration, which takes effect from the same date (“Circular 121”). The key changes introduced by Circular 121 include: 1. Replacement of Five Forms of Application for Enterprise Registration Circular 121 […]

New Policies on the Development and Management of Industrial Clusters under Decree No. 303/2026/ND-CP: Key Updates for Industrial Cluster Infrastructure Developers

On 1 August 2026, the Government issued Decree No. 303/2026/ND-CP (“Decree 303“), effective from 15 September 2026, amending and supplementing a number of provisions of Decree No. 32/2024/ND-CP (“Decree 32“) on the management and development of industrial clusters. Decree 303 introduces a number of significant amendments relating to the conditions for expansion of industrial clusters, […]

Overview of the General Rules on Amendment of Construction Contracts under the Law on Construction No. 143/2025/QH15 and Decree No. 210/2026/ND-CP

The Law on Construction No. 143/2025/QH15 (“Law on Construction 2025″ or “LOC 2025“) was passed by the National Assembly on 25 June 2025 and took effect on 1 July 2025, replacing the Law on Construction No. 50/2014/QH13 (as amended and supplemented). To provide detailed guidance for the implementation of the Law on Construction 2025, the […]

New Regulations on Beneficial Ownership of Enterprises under Legal Instruments Issued in Late July 2026

Although the concept of beneficial ownership was introduced under the Law on Anti-Money Laundering No. 07/2012/QH13, the concept of the beneficial owner of an enterprise was only formally incorporated into Vietnam’s Enterprise Law through Law No. 76/2025/QH15 amending the Law on Enterprises and subsequently elaborated under Decree No. 168/2025/ND-CP on enterprise registration. As part of […]

Updates on Merger Control and Exemptions for Prohibited Anti-Competitive Agreements under Resolution No. 66.18/2026/NQ-CP

On 18 May 2026, the Government of Vietnam issued Resolution No. 66.18/2026/NQ-CP on decentralization and the reduction and simplification of administrative procedures and business conditions (“Resolution 66.18”). Resolution 66.18 takes effect from 1 July 2026 until 28 February 2027, except for certain provisions that became effective on 20 May 2026, and except where laws or […]

Vietnam’s Direct Power Purchase Agreement (DPPA) Framework under Decree No. 243/2026/ND-CP: Key Amendments and Continuing Legal Issues

On 26 June 2026, the Government of Vietnam promulgated Decree No. 243/2026/ND-CP, amending and supplementing Decree No. 57/2025/ND-CP governing the Direct Power Purchase Agreement (“DPPA“) mechanism between Renewable Energy Generators and Large Electricity Consumers. The new Decree significantly expands the scope of eligible participants and revises several operational requirements applicable to the DPPA mechanism. At […]

New Rules on the Transfer of Enforcement Obligations for Commercial Legal Entities During Corporate Restructuring Under Decree No. 251/2026/ND-CP

On 30 June 2026, the Government of Vietnam issued Decree No. 251/2026/ND-CP on the Enforcement of Criminal Judgments against Commercial Legal Entities (“Decree 251”), which came into effect on 1 July 2026. The new Decree introduces several provisions that may significantly affect M&A transactions, corporate restructuring, business conversions and asset acquisitions, particularly where a target […]

Update on Decree No. 253/2026/ND-CP: Personal Income Tax on Capital Transfers and Securities Transfers

On 30 June 2026, the Government of Vietnam issued Decree No. 253/2026/ND-CP, providing detailed guidance on the implementation of the 2025 Personal Income Tax Law. The Decree took effect on 1 July 2026 and clarifies several important issues relating to personal income tax (“PIT“) on capital transfers and securities transfers. Most notably, the Decree resolves […]

CORPORATE GOVERNANCE STRUCTURE OF NON-PUBLIC JOINT STOCK COMPANIES IN VIETNAM

In practice, many non-public joint stock companies in Vietnam, particularly those established with no intention of expanding their shareholder base, often fail to clearly distinguish the powers and responsibilities of the company’s governing bodies and management. Such ambiguity frequently results in overlapping authority and governance inefficiencies. A common example is a joint stock company established […]

CORPORATE INCOME TAX ON CAPITAL AND SECURITIES TRANSFERS BY FOREIGN ENTERPRISES IN VIETNAM – KEY CONSIDERATIONS UNDER THE 2025 CIT LAW

On 14 June 2025, the National Assembly of Vietnam enacted the Law on Corporate Income Tax No. 67/2025/QH15, which takes effect on 1 October 2025 and applies to the corporate income tax period for the 2025 tax year (the “2025 CIT Law”). The 2025 CIT Law replaces the Law on Corporate Income Tax No. 14/2008/QH12 […]

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