2025

On May 5, 2025, the Ministry of Finance issued Circular 19/2025/TT-BTC (Circular 19) providing regulations on the registration of public companies, cancellation of public company status, and audited report on contributed charter capital. Circular 19 provides detailed guidelines on certain provisions of the Law on Securities 2019, as amended and supplemented by Law 56/2024/QH15, and replaces certain articles of Circular 118/2020/TT-BTC providing guidelines on public offerings and issuance of securities, tender offers, share repurchases, registration of public companies and cancellation of public company status. Circular 19 was enacted to improve the legal framework governing the registration and cancellation of public company status in the context of recent amendments and supplements to the Law on Securities, which contributes to strengthening state supervision and enhancing corporate accountability in securities market activities.

New regulations on registration and cancellation of public company status: Toward a transparent and sustainable securities market are presented by Phan Thi Hoang Hai.

In an effort to fulfill international commitments on climate change, particularly the goal of achieving net-zero emissions by 2050, Viet Nam is gradually developing and improving its legal framework for the domestic carbon market. To further specify the roadmap for the carbon market’s development, the Prime Minister issued Decision 232/QD-TTg on January 24, 2025, approving the Scheme for Developing the Carbon Market in Viet Nam. Based on these foundational legal documents, the Ministry of Finance has drafted the Decree on domestic carbon trade exchange.

The key points related to carbon trade exchange under the Draft Decree on domestic carbon trade exchange are presented by Tran Hai Long.

The Law on Social Insurance 2024 (The Law on Social Insurance) approved by the 15th National Assembly at the 7^th session will officially take effect from July 1, 2025, replacing the Law on Social Insurance 2014. However, the documents guiding the implementation of the Law on Social Insurance are currently based on the provisions of the Law on Social Insurance 2014. The Ministry of Labor, Invalids and Social Affairs (now merged into the Ministry of Home Affairs) has submitted to the Government a draft Decree detailing and guiding the implementation of a number of articles of the Law on Social Insurance on compulsory social insurance after consulting relevant ministries, sectors, localities and appraisal opinions of the Ministry of Justice.

Some specific analyses related to the outstanding contents of the Draft Decree that enterprises need to pay attention to are presented by Nguyen Thi Thanh Mai.

The Ministry of Finance is developing and collecting comments on the Draft Decree regulating tax management for business activities on e-commerce platforms and digital platforms of business households and individuals (as of February 28, 2025). The Draft Decree specifies the responsibility of organizations managing e-commerce trading floors, digital platforms with payment functions, and organizations with other digital economic activities to deduct and pay taxes on behalf of business households and individuals.

Several contents of the Draft Decree guidelines on tax deduction and payment obligations of organizations managing e-commerce trading floors and digital platforms are presented by Dang Huyen Thu.

On November 26, 2024, the National Assembly enacted the Law on Value-Added Tax 2024 (Law on VAT 2024), replacing the Law on Value-Added Tax 2008 and its amendments and supplements. The Law on Value-Added Tax 2024 is developed and promulgated with the aim of refining value-added tax policies to enhance and broaden revenue sources, stabilize the state budget revenues, address the recent issues in implementing the Law on Value-Added Tax, as well as reform administrative procedures to facilitate and protect the rights of taxpayers. The Law on Value-Added Tax 2024 will take effect from July 1, 2025.

Notable contents of Law on Valued-Added Tax 2024 are presented by Tu Thi Phuong Uyen.