Altas Corporation is proud to announce its successful advisory role to E&D Group in acquiring a 95% stake in a leading Vietnam-based garment company. The deal is valued at over VND 300 billion (over $12M), marking a major strategic investment in the region’s textile sector.
31 July 2025
Article 50 of the 2024 Notarization Law stipulates that the signing of notarized documents must be photographed and archived. Accordingly, notarial practice organizations (NPOs) will collect image data of: The requester of notarization; The notary public; Witnesses/interpreters. Under Clause 1 Article 2 of the 2025 Personal Data Protection Law, such images constitute personal data, and the notarial practice organization is, by default, a Personal Data Controller. As the image collection is a mandatory legal requirement, it may fall under an exception to the consent obligation under Article 9 of the 2025 Personal Data Protection Law. However, for all other obligations, notarial practice organizations must still fully comply with the principles set forth in the Law.
31 July 2025
From July 1, 2024, enterprises with only a legal representative who is a foreigner will need to implement level two electronic identification to be able to activate electronic identification for the enterprise and from there can use the online public services of the enterprise. Accordingly, in order to support clients to complete this procedure quickly and in accordance with regulations, ALTAS would like to send instructions to follow the following steps:
31 July 2025
To recharge and strengthen our team spirit, ALTAS will be on a company trip from July 24 to July 26, 2025. During this period, our response and support may be slightly delayed. We will resume normal operations on July 27, 2025.
31 July 2025
The Law on Notarization No. 46/2024/QH15 (the Law), consisting of 08 chapters and 76 articles, was passed by the National Assembly on November 26, 2024, and takes effect from July 1, 2025. The Law was developed to address the limitations observed during the 10 years of implementing the 2014 Law and to promote the digital transformation of notarization activities.
31 July 2025
From July 1, 2024, Decree No. 69/2024/NĐ-CP officially takes effect, marking a significant step forward in the digitalization of population management in Vietnam — including the requirement for electronic identification of foreign nationals.
31 July 2025
From July 1, 2025, the Tax Authority in Vietnam will implement an automated synchronization process, ceasing the issuance of separate tax identification numbers (TIN) and using personal identification numbers (PIN) to replace TINs for individuals, households, and household businesses. As of now, over 65 million TINs have been standardized, marking a significant reform to align tax management with the national population database, reduce duplication and errors, and simplify tax procedures. This article aims to analyze the significance, implementation approach, and key considerations for individuals, household businesses, and enterprises to proactively prepare for this change.
31 July 2025
On April 29, 2025, the State Bank of Vietnam (“SBV”) promulgated Circular No. 03/2025/TT-NHNN (“Circular 03”) regulating the opening and use of Vietnamese-dong bank accounts for the purpose of conducting indirect investment activities in Vietnam. This Circular takes effect from June 16, 2025 and officially replaces Circular No. 05/2014/TT-NHNN, which had served as the key legal instrument governing foreign indirect investment accounts for more than a decade.
31 July 2025
This is a continuation of the previous article on "HOW TO DETERMINE BENEFICIAL OWNERS UNDER DECREE 168/2025/ND-CP ON ENTERPRISE REGISTRATION", where section C of the article raised the potential case of being unable to determine beneficial owners according to the criteria set forth by Decree 168/2025/ND-CP on enterprise registration. Are there cases where beneficial owners cannot be determined? What should do next? Below is an article to help enterprises have additional reference information according to ALTAS's perspective based on current legal regulations.
31 July 2025
This legal update from ALTAS provides the latest updates on U.S. tariff policies effective from August 1, 2025. The article analyzes the advantages and challenges for Vietnamese-origin goods and transshipped goods in U.S.–Vietnam trade relations. Exporting businesses should pay close attention to origin criteria, tariff risks, and localization strategies to maintain preferential tax treatment.
31 July 2025
In the context of global capital flows constantly shifting and increasingly fierce competition among financial centers in the region, Vietnam is taking an ambitious strategic step. With the National Assembly officially issuing the Resolution on the International Financial Center (IFC), effective from September 1, 2025, a new playground with breakthrough regulations is about to open in Ho Chi Minh City and Da Nang. With a structure of 6 Chapters, 35 Articles, this is not only a legal document, but also a strong affirmation of Vietnam's determination to create a dynamic, internationally competitive financial center.
31 July 2025
Following the previous article on the topic "HOW TO DETERMINE THE BENEFICIAL OWNER ACCORDING TO DECREE 168/2025/ND-CP ON ENTERPRISE REGISTRATION" (see at link: https://altas.vn/cap-nhat-phap-ly-cach-xac-dinh-chu-so-huu-huong-loi-theo-nghi-dinh-1682025nd-cp-ve-dang-ky-doanh-nghiep), which mentioned that Decree 168/2025/ND-CP on enterprise registration sets forth one of the criteria for identifying a Beneficial Owner as "An individual who directly or indirectly owns 25% or more of the charter capital or 25% or more of the total voting shares of the enterprise".
31 July 2025
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