Legal update Archives

Vietnam Construction Law 2025: Key Updates for Contractors and Construction Contracts

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. […]

Update regulations on public company registration, cancellation of public company status, audited reports on contributed charter capital.

Law No. 56/2024/QH15 amending and supplementing a number of articles of Securities Law No. 54/2019/QH14 (“Securities Law”), including amendments and supplements to regulations on public companies (see updates on amendments and supplements to Law No. 56/2024/QH15 here). Based on Law No. 56/2024/QH15, the Ministry of Finance issued Circular No. 19/2025/TT-BTCRegulations on registration of public companies, […]

Updates on certain regulations of the direct power purchase mechanism between Renewable Energy Generators and Large Electricity Consumers under Decree No 57/2025/ND-CP

On March 3, 2025, the Government issued Decree No 57/2025/ND-CP, regulating the direct power purchase mechanism between renewable energy generators and large electricity consumers (“Decree 57”). Decree 57 will take effect on March 3, 2025, and replace Decree No 80/2024/ND-CP dated July 3, 2024. Similar to Decree 80/2024/ND-CP, Decree 57 provides for two forms of […]

Key Admendments to the Securities Law 2024

On November 29, 2024, the 15th National Assembly passed Law No. 56/2024/QH15, amending and supplementing several provisions of the Securities Law No. 54/2019/QH14 (“Securities Law 2019″). These amendments will mostly take effect on January 1, 2025, while specific provisions, including restrictions on professional individual securities investors and additional bond issuance requirements, will become effective on […]

Special investment procedures: a new investment procedure

Law No. 57/2024/QH15 supplements regulations on special investment procedures into the Investment Law No. 61/2020/QH14 under Article 36a (“Investment Law“). On February 10, 2025, the Government issued Decree No. 19/2025/ND-CP, detailing the implementation of the Investment Law regarding special investment procedures (“Decree 19“). This article provides a summary of the special investment procedures stipulated in […]

Resolution on imposition of top-up enterprise income tax under the Global Anti-Base Erosion Rules

On November 29, 2023, the National Assembly adopts Resolution No. 107/2023/QH15 on imposition of top-up enterprise income tax under the Global Anti-Base Erosion Rules. Bellows are a number of remarkable contents of this Resolution. 1. To apply the tax rate of 15% for taxpayers who are constituent entities of multinational enterprise (MNE) Groups which earn an annual […]

Season’s Greetings

Dear Our Valued Customers, BFSC Law Firm wishes you and your family a Merry Christmas and a Successful and Happy New Year 2024. Yours sincerely,

Circular 09/2023/TT-BNNPTNT List of pesticides permitted or banned from use in Vietnam

On October 24, 2023, the Ministry of Agriculture and Rural Development issues Circular No. 09/2023/TT-BNNPTNT, promulgating the List of pesticides permitted for use in Vietnam and the List of pesticides banned from use in Vietnam. 1. Pesticides for use in agriculture include: – Insecticides: 712 active ingredients with 1,725 trade names. – Fungicides: 683 active ingredients with […]

Decree No. 68/2023/ND-CP dated September 07, 2023 of the Government amending and supplementing a number of articles of the Government’s Decree No. 115/2022/ND-CP of December 30, 2022, on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership for the 2022-2027 period

On September 07, 2023, the Government issues Decree No. 68/2023/ND-CP amending and supplementing a number of articles of the Government’s Decree No. 115/2022/ND-CP of December 30, 2022, on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership for the 2022-2027 period. 1. Add the duty rates […]

Decision No. 25/2023/QD-TTg dated October 03, 2023 of the Prime Minister on reduction of land rental for 2023

On October 03, 2023, the Prime Minister issues Decision No. 25/2023/QD-TTg on reduction of land rental for 2023. 1. Subject entitled to land rental reduction include: Organizations, units, enterprises, households and individuals directly leasing land from the State with annual land rental payment under competent state agencies’ decisions or contracts or certificates of land use rights and ownership […]

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Legal update

Vietnam Construction Law 2025: Key Updates for Contractors and Construction Contracts

Update regulations on public company registration, cancellation of public company status, audited reports on contributed charter capital.

Updates on certain regulations of the direct power purchase mechanism between Renewable Energy Generators and Large Electricity Consumers under Decree No 57/2025/ND-CP

Key Admendments to the Securities Law 2024

Special investment procedures: a new investment procedure

Resolution on imposition of top-up enterprise income tax under the Global Anti-Base Erosion Rules

Season’s Greetings

Circular 09/2023/TT-BNNPTNT List of pesticides permitted or banned from use in Vietnam

Decision No. 25/2023/QD-TTg dated October 03, 2023 of the Prime Minister on reduction of land rental for 2023

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