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POLICY & LEGAL RESEARCH
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Beneficial owner – Important notes for enterprises from July 1, 2025

According to the revised Law on Enterprises 2025, effective from July 1, 2025, most enterprises, including limited liability companies, joint-stock companies, partnerships, etc., will be required to identify, declare, and notify information about their beneficial owners to the business registration authority. The presentation slide provides a clear and accessible overview of:

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Guidance on conducting e-tax transactions when enterprises have not been granted e-identification accounts before July 1, 2025

Notice 2065/CT-NVT on June 26, 2025 to address the challenges faced by individuals, organizations and enterprises that have not yet been granted E-identification accounts in the process of using personal identification numbers instead of tax identification numbers and using organizational E-identification accounts in e-tax transactions.

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New highlights on opening and using Vietnamese Dong accounts for foreign indirect investment activities in Viet Nam

To upgrade and develop the Vietnamese stock market, simplify procedures and dossier, and facilitate foreign investors when participating in the stock market, on April 29, 2025, the State Bank of Viet Nam promulgated Circular 03/2025/TT-NHNN regulating the opening and use of Vietnamese Dong accounts for foreign indirect investment activities in Viet Nam, replacing Circular 05/2014/TT-NHNN (Circular 05). Circular 03 takes effect from June 16, 2025.

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New regulations on registration and cancellation of public company status: Toward a transparent and sustainable securities market

On May 5, 2025, the Ministry of Finance issued Circular 19/2025/TT-BTC stipulating the registration of public companies, cancellation of public company status, and audited report on contributed charter capital. Circular 19 provides detailed guidelines for 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 for public offerings and issuance of securities, tender offers, share repurchases, registration of public companies and cancellation of public company status.

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What incentives for enterprises operating at the Vietnam National Innovation Center?

On May 5, 2025, the Government issued Decree 97/2025/ND-CP stipulating incentives and policies for the Vietnam National Innovation Center (NIC). The Decree was issued when several regulations on incentives and policies for the NIC, organizations, and individuals operating at the Center needed a breakthrough to promote creative startup and innovation activities. Decree 97 takes effect from the date of issuance and replaces Decree 94/2020/ND-CP, which stipulates the same content. This paper will focus on introducing several incentives and policies for enterprises operating at the NIC and some other outstanding new points of Decree 97.

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