2025

Within the framework of the 9th session of the 15th National Assembly, the National Assembly is expected to pass the law amending and supplementing a number of articles of the Law on Bidding, the Law on Investment in the Form of Public-Private Partnership, the Law on Customs, the Law on Value-Added Tax, the Law on Export and Import Duties, the Law on Investment, the Law on Public Investment, and the Law on Management and Use of Public Property (Law amending eight laws), which will take effect from July 1, 2025. To ensure simultaneous enforcement with the Law amending eight laws, the Ministry of Finance has been assigned to preside over the drafting of a decree amending and supplementing a number of articles of Decree 31/2021/ND-CP, which details and guides the implementation of the Law on Investment, under fast-track order and procedures. The Draft aims to resolve difficulties and obstacles, unlock resources, create the most favorable conditions for enterprises, and enhance the effectiveness and efficiency of state management in investment and business activities.

The article “Amendment to the Decree guiding the Law on Investment: Simplifying procedures, unlocking resources for economic development” are presented by Nguyen Quoc Dzung.

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.