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VNeID Level 2 has deployed  to Foreigners in Vietnam!

VNeID Level 2 has deployed to Foreigners in Vietnam!

According to the latest update from ALTAS, the Immigration Departments in Ho Chi Minh City and Hanoi have begun piloting the implementation of digital identity registration for foreign nationals under Decree No. 69/2024/NĐ-CP, which will take effect on July 1, 2024. To be eligible for this process, foreign nationals must meet the following conditions:

30 June 2025

[LEGAL UPDATE] Voluntary Tax Correction Without Penalties: A Game-Changer in Vietnam’s Tax Administration

[LEGAL UPDATE] Voluntary Tax Correction Without Penalties: A Game-Changer in Vietnam’s Tax Administration

Vietnam’s Ministry of Finance is currently collecting public feedback on a draft amendment to Decree No. 125/2020/NĐ-CP, which regulates administrative penalties related to taxation and invoices. The most groundbreaking proposal in this draft is a policy shift: taxpayers who voluntarily detect, declare, and pay back taxes before official discovery may be exempt from administrative penalties.

30 June 2025

Legal Update: VNeID Level 2 Now Coming to Foreigners in Vietnam!

Legal Update: VNeID Level 2 Now Coming to Foreigners in Vietnam!

Great news for foreign nationals and FDI businesses operating in Vietnam! Starting 1 July 2025, under Decree 69/2024/NĐ-CP, foreigners residing in Vietnam will be eligible to register for VNeID Level 2 accounts — Vietnam’s official e-identification platform.

30 June 2025

Vietnam’s Upcoming e-ID Mandate: Temporary Compliance Measures for Foreign-Invested Enterprises

Vietnam’s Upcoming e-ID Mandate: Temporary Compliance Measures for Foreign-Invested Enterprises

Starting July 1, 2025, all organizations operating in Vietnam—including FDIs, representative offices, and branches of foreign traders—are required to implement *organizational electronic identification (eID)* in order to carry out administrative procedures such as business registration, investment amendments, taxation, insurance, and labor-related filings.

30 June 2025

Legal Update: Reorganization/Merger of the People’s Court system at all levels

Legal Update: Reorganization/Merger of the People’s Court system at all levels

On March 20, 2025, the Central Steering Committee for the Organizational Restructuring of the Political System issued Official Letter No. 43-CV/BCĐ, requesting the completion of the reorganization of the local People’s Courts and People’s Procuracies before June 30, 2025. In line with this directive, the Supreme People’s Court is currently drafting a Resolution on the establishment, dissolution, and determination of territorial jurisdiction of People’s Courts.

30 June 2025

LEGAL UPDATE: ELECTRONIC IDENTIFICATION – A MANDATORY STEP FOR BUSINESSES BEFORE JULY 1, 2025

LEGAL UPDATE: ELECTRONIC IDENTIFICATION – A MANDATORY STEP FOR BUSINESSES BEFORE JULY 1, 2025

Starting from July 1, 2025, under Clause 4, Article 40 of Decree No. 69/2024/ND-CP, business accounts previously registered on the National Business Registration Portal and ministerial/provincial administrative procedure resolution systems will no longer be valid. Instead, businesses are required to use organizational electronic identification accounts via the VNeID application to carry out online administrative procedures.

30 June 2025

LEGAL UPDATE: RESOLUTION NO. 201/2025/QH15 ON PILOT MECHANISMS FOR THE DEVELOPMENT OF SOCIAL HOUSING

LEGAL UPDATE: RESOLUTION NO. 201/2025/QH15 ON PILOT MECHANISMS FOR THE DEVELOPMENT OF SOCIAL HOUSING

On 29 May 2025, during its 9th session, the 15th National Assembly passed Resolution No. 201/2025/QH15 with high consensus. This Resolution introduces a five-year pilot implementation of specific mechanisms and policies, effective from 1 June 2025, aimed at promoting the development of social housing nationwide. The core objective is to support the implementation of the Government’s plan to develop at least one million social housing units for the period 2021–2030.

30 June 2025

LEGAL UPDATE: Draft Decree Replacing Decree 152/2020/ND-CP on Foreign Labor

LEGAL UPDATE: Draft Decree Replacing Decree 152/2020/ND-CP on Foreign Labor

The Ministry of Home Affairs is currently drafting a new decree to replace Decree No. 152/2020/ND-CP, which regulates foreign workers in Vietnam and the recruitment and management of Vietnamese workers employed by foreign organizations and individuals in Vietnam (the "Draft"). The Draft is open for public consultation and is expected to impact entities that employ or manage foreign labor, as well as those managing Vietnamese working for foreign employers.

30 June 2025

Resolution 68-NQ/TW: A landmark Vietnam's Policy Shift Redefining The Role of Private Economy Sector

Resolution 68-NQ/TW: A landmark Vietnam's Policy Shift Redefining The Role of Private Economy Sector

Recently, the Politburo (Bộ Chính tri) of the Communist Party of Vietnam has issued a landmark resolution 68-NQ/TW concerning the development of the private economy (“Resolution 68”). The Resolution 68 outlines a vision and key objectives for the private economy through 2030 and with a vision to 2045, aiming for rapid, sustainable, and high-quality growth, positioning it as a driving force for the national economy and a leader in technological advancement and digital transformation. To achieve this, it proposes a suite of solutions focusing on reforming institutions, ensuring fair access to resources, fostering technological adoption, strengthening linkages between businesses, supporting small and medium enterprises, promoting business ethics, and enhancing leadership and implementation.

31 May 2025

[LEGAL UPDATE] An Introduction to Vietnam's New Banking Sandbox Mechanism: Decree 94/2025/NĐ-CP

[LEGAL UPDATE] An Introduction to Vietnam's New Banking Sandbox Mechanism: Decree 94/2025/NĐ-CP

Decree No. 94/2025/NĐ-CP, issued by the Government of Vietnam on April 29, 2025, establishes a controlled testing mechanism (Sandbox Mechanism) for novel products, services, and business models underpinned by financial technology (Fintech) solutions within the banking sector.

31 May 2025

NO NEED TO UPDATE BUSINESS/INVESTMENT LICENSES OR “PINK-BOOK” DUE TO CHANGES IN ADMINISTRATIVE BOUNDARIES?

NO NEED TO UPDATE BUSINESS/INVESTMENT LICENSES OR “PINK-BOOK” DUE TO CHANGES IN ADMINISTRATIVE BOUNDARIES?

On 05 April 2025 the Ministry of Finance issued the Official Dispatch No. 4370/BTC-DNTN (“Official Dispatch 4370”) providing guidance on the unified registration of enterprises, cooperative groups, household businesses, and their dependent units at the land where their headquarters are relocated due to changes of administrative boundaries.

30 April 2025

Official Letter 4525/BTC-PC: Guidance on Determining Investment Incentives and Procedures for Adjusting Investment Projects in Cases of Administrative Boundary Changes

Official Letter 4525/BTC-PC: Guidance on Determining Investment Incentives and Procedures for Adjusting Investment Projects in Cases of Administrative Boundary Changes

On 09th April 2025 an Official Letter No. 4525/BTC-PC (“Official Letter 4525”) has been issued by the Ministry of Finance providing crucial guidance from the Ministry of Finance on how to handle investment incentives and project adjustments during a period of significant administrative restructuring in Vietnam.

30 April 2025

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