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
On June 24, 2025, at the 9th Session of the 15th National Assembly, Law No. 76/2025/QH15 amending and supplementing a number of articles of the Law on Enterprises 2020 was passed, with 455 delegates voting in favor (accounting for 95.19% of the total number of delegates). This Law will officially take effect from July 1, 2025. Below are the key highlights of the amendments:
31 July 2025
In the socio-economic landscape of Vietnam during the first half of 2025, brighter shades have gradually reemerged after a quiet period following the pandemic and global instability. The latest data from the General Statistics Office shows that the recovery momentum has not only been maintained but has also accelerated significantly in key areas such as manufacturing, tourism services, exports, and foreign investment. Through six visual infographics, the country's efforts to maintain macroeconomic stability, sustain growth, and expand new drivers of development become evident. Below are the key highlights drawn from each statistical topic:
31 July 2025
The latest Vietnam’s Law on Enterprises 2025 and the latest Decree 168/2025/ND-CP on enterprise registration introduce the concept of Ultimate Beneficial Ownership ("UBO"), which imposes an obligation to declare and disclose information transparently.
31 July 2025
On June 27, 2025, the National Assembly of Vietnam officially passed the Law on Science, Technology and Innovation. The Law consists of 73 articles and will come into effect on October 1, 2025. This marks an important legal step to institutionalize Resolution No. 57-NQ/TW, which identifies science, technology, and innovation as key driving forces for economic growth and national development.
31 July 2025
Starting from July 1, 2025, Vietnam’s new Decree No. 168/2025/NĐ-CP will officially take effect, replacing Decree 01/2021/NĐ-CP. The new regulation brings a number of impactful changes to business and household business registration procedures — simplifying processes, reducing administrative layers, and enhancing transparency.
31 July 2025
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