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 capi...
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 res...
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...
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 artic...
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-Pr...
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”)....
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 iss...
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...
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 B...
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/...
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