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UPDATE ON DECREE NO. 137/2026/ND-CP ON THE REGULATION OF MULTI-LEVEL MARKETING ACTIVITIES

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 […]

ADDRESSING THE GAP IN IMPLEMENTING REGULATIONS FOR AMENDED LAWS: KEY IMPLICATIONS FOR BUSINESSES AND INVESTORS IN VIETNAM

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 […]

DISPUTE RESOLUTION MECHANISMS IN PUBLIC–PRIVATE PARTNERSHIP (PPP) INVESTMENTS IN VIETNAM: KEY CONSIDERATIONS FOR FOREIGN INVESTORS AND PPP PROJECT COMPANIES

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 […]

PPP PROJECT CONTRACTS IN VIETNAM – KEY LEGAL CONSIDERATIONS FOR FOREIGN INVESTORS

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 […]

UPDATE ON DISPUTE RESOLUTION IN INVESTMENT ACTIVITIES UNDER THE LAW ON INVESTMENT 2025

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 […]

UPDATE ON KEY NEW REGULATIONS ON CAPITAL CONTRIBUTION AND SHARE ACQUISITION BY CREDIT INSTITUTIONS

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 […]

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 […]

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UPDATE ON DECREE NO. 137/2026/ND-CP ON THE REGULATION OF MULTI-LEVEL MARKETING ACTIVITIES

ADDRESSING THE GAP IN IMPLEMENTING REGULATIONS FOR AMENDED LAWS: KEY IMPLICATIONS FOR BUSINESSES AND INVESTORS IN VIETNAM

DISPUTE RESOLUTION MECHANISMS IN PUBLIC–PRIVATE PARTNERSHIP (PPP) INVESTMENTS IN VIETNAM: KEY CONSIDERATIONS FOR FOREIGN INVESTORS AND PPP PROJECT COMPANIES

PPP PROJECT CONTRACTS IN VIETNAM – KEY LEGAL CONSIDERATIONS FOR FOREIGN INVESTORS

UPDATE ON DISPUTE RESOLUTION IN INVESTMENT ACTIVITIES UNDER THE LAW ON INVESTMENT 2025

UPDATE ON KEY NEW REGULATIONS ON CAPITAL CONTRIBUTION AND SHARE ACQUISITION BY CREDIT INSTITUTIONS

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

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