Blog Vietnam
The National Assembly of Vietnam enacted the Data Law 2024, the first comprehensive legislation on data, which will take effect on July 1, 2025.
The Land Law 2024 in Vietnam has been in effect since August 2024, introducing several amendments that are more favorable for Foreign Invested Enterprises (FIEs) compared to the Land Law 2013.
On January 6, 2025, the Government issued Decree 05/2025/ND-CP (“Decree 05”), which amends and supplements Decree 08/2022/ND-CP dated January 10, 2022, providing detailed guidance on the implementation of several provisions of the Law on Environmental Protection.
On 30 November 2024, the National Assembly passed a Resolution at the 8th session of the XV National Assembly. The Resolution extends the 2% value-added tax (VAT) reduction for certain goods and services, continuing the policy implemented since February 2022, to support socio-economic recovery and development from 01 January 2025 to 30…
On 20 November 2023, the National Assembly passed Resolution 107/2023/QH15 (“Resolution 107”), introducing the application of two global minimum tax provisions in Vietnam from financial year 2024: The Income Inclusion Rule (IIR) for Vietnamese Groups with overseas investments and the Qualified Domestic Minimum Top-up Tax (QDMTT) for…
On 24 September 2024, Vietnam released a comprehensive draft Personal Data Protection (“PDP”) Law, marking a significant step forward in strengthening the PDP framework. Developed by the Ministry of Public Security, this proposed legislation surpasses the Decree No. 13/2023/ND-CP on Personal Data Protection issued in April 2023.
Data from the General Department of Taxation (GDT) indicates that temporary exit bans due to tax debts have nearly tripled this year, with over 6,500 cases compared to last year's 2,400.
On 10th September 2024, the Prime Minister issued Directive 92/CD-TTg, focusing on recovery efforts following Storm No. 3 and subsequent flooding.
On 3rd July 2024, Vietnam took a major step toward a competitive electricity market with the issuance of Decree 80/2024/ND-CP (“Decree 80”).
On June 30, 2024, the Government issued Decree 72/2024/ND-CP, which outlines a policy to reduce the value-added tax (VAT) rate from July 1, 2024 to December 31, 2024.
Am 14. Juni 2024 erließ die Regierung den Erlass 64/2024/ND-CP zur Verlängerung der Fristen für die Zahlung der Mehrwertsteuer (VAT"), der Körperschaftssteuer (CIT"), der Einkommenssteuer (PIT") und der Pachtgebühren für Grundstücke im Jahr 2024.
On 1st February 2024, the Government issued Decree No. 10/2024/ND-CP which comes into effective since 25th March 2024 regulating the Hi-tech parks policies (“Decree 10”). This is to create a new legal framework for operation of hi-tech parks in compliance with the current laws on investment, land, planning, and technology transfer, and…
Vietnam has become an increasingly attractive destination for foreign investors looking to establish start-up businesses, owing to the country’s young and tech-savvy population, rapidly developing digital infrastructure, and government initiatives to encourage foreign investment through tax incentives and reforms.
In November 2023, during its 6th meeting session, the National Assembly of Vietnam passed the amended Law on Real Estate Business 2023 that will heavily impact foreign investment in the sector.
Vietnam has a rigorous regulatory framework governing both employment of local employees and migration of foreign employees into the country.
Vietnam follows a global approach of securing personal data protection and implements this in its regulatory framework. The guidelines are a work in progress, but general compliance principles are clarified and shall be followed.
A Global Minimum Tax Framework is being implemented in Vietnam to prevent tax avoidance.