On July 1, 2025, the Government of Vietnam issued Decree 181/2025/ND‑CP (the “Decree”) implementing key provisions of the 2024 VAT Law (Law No. 48/2024/QH15). The Decree introduces stricter conditions for claiming input VAT credit, including the following core requirements: 1. Non‑Cash Payment for Purchases ≥ VND 5 Million Business expenses valued at VND 5 million or more (inclusive of […]

On June 25, 2025, the National Assembly enacted a comprehensive Law amending eight key statutes, including the Law on Bidding, Public–Private Partnership Investment Law, Customs Law, VAT Law, Import–Export Duty Law, Investment Law, Public Investment Law, and the Law on Management and Use of Public Property. The amendments took effect from July 1, 2025. Key […]

On June 27, 2025, Vietnam’s National Assembly officially adopted the Resolution on International Financial Centers (IFCs), setting out the legal framework for developing the country’s first IFCs in Ho Chi Minh City and Da Nang. The Resolution takes effect from September 1, 2025. This landmark legal instrument introduces special mechanisms and preferential policies to attract […]

The Ministry of Industry and Trade has issued a circular providing the issuance of certificates of origin (C/Os) and written approvals for self-certification of origin of exported goods by traders, a move to decentralize and streamline trade administration. Taking effect on July 1, Circular 40/2025/TT-BCT dated June 22 specifies two entities authorized to issue C/Os […]

Draft decree on goods origin: a stride toward better protection of consumers In response to the prevalence of counterfeit goods, misleading labeling and trade fraud, the Ministry of Industry and Trade has unveiled the second draft decree on goods origin, aiming to better protect consumers and foster a transparent business environment for law-abiding businesses. The […]