To specify regulations governing foreign exchange management for foreign investment activities in Viet Nam, on July 31, 2026, the State Bank of Vietnam issued Circular 38/2026/TT-NHNN (Circular 38). Circular 38 takes effect on August 18, 2026. This article analyzes several key highlights that foreign investors and member enterprises within the Viet Nam International Financial Center should take note of.
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New legal framework for the selection of investors to implement business investment projects
On July 7, 2026, the Government promulgated Decree 274/2026/ND-CP providing details for a number of articles and measures for implementation of the Law on Bidding regarding the selection of investors to implement business investment projects (Decree 274). Against the backdrop of recent significant changes to the laws on bidding, investment and land, Decree 274 is issued to replace and consolidate the provisions previously dispersed across Decree 23/2024/ND-CP, Decree 115/2024/ND-CP and their amending and supplementing instruments. Decree 274 has a broad scope of regulation, aiming at not only ensuring consistency and uniformity within the legal system but also resolving certain practical difficulties, shortening procedures and strengthening decentralization in the process of investor selection for implementation of business investment projects. In this article, NHQuang&Associates will focus on analyzing certain notable new points of Decree 274 that may have direct impact on enterprises and investors.
Read moreDecree 239/2025/ND-CP: What investors should pay attention to when carrying out investment activities from September 3, 2025
On September 3, 2025, the Government issued Decree 239/2025/ND-CP (Decree 239) amending and supplementing a number of articles of Decree 31/2021/ND-CP providing details and guidelines for the implementation of certain articles of the Law on Investment. Decree 239 takes effect from the date of promulgation. Decree 239 is issued for multiple objectives, such as providing detailed guidelines for the Law on Investment amended and supplemented in 2025, addressing difficulties and obstacles encountered in the implementation of investment laws, etc.
Read moreAmendment to the Decree guiding the Law on Investment: Simplifying procedures, unlocking resources for economic development
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.
Read moreNew 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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