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LEGAL UPDATE: AMENDMENTS TO THE ENTERPRISE LAW 2025

LEGAL UPDATE: AMENDMENTS TO THE ENTERPRISE LAW 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

INFOGRAPHIC: SOCIO-ECONOMIC SITUATION IN Q2 AND THE FIRST HALF OF 2025

INFOGRAPHIC: SOCIO-ECONOMIC SITUATION IN Q2 AND THE FIRST HALF OF 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

LEGAL UPDATE: HOW TO DETERMINE “ULTIMATE BENEFICIAL OWNERSHIP” ACCORDING TO DECREE 168/2025/ND-CP ON ENTERPRISE REGISTRATION

LEGAL UPDATE: HOW TO DETERMINE “ULTIMATE BENEFICIAL OWNERSHIP” ACCORDING TO DECREE 168/2025/ND-CP ON ENTERPRISE REGISTRATION

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

LEGAL UPDATE: NATIONAL ASSEMBLY PASSES LAW ON SCIENCE, TECHNOLOGY AND INNOVATION – INTRODUCING SANDBOX MECHANISM TO FOSTER INNOVATION

LEGAL UPDATE: NATIONAL ASSEMBLY PASSES LAW ON SCIENCE, TECHNOLOGY AND INNOVATION – INTRODUCING SANDBOX MECHANISM TO FOSTER INNOVATION

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

? New Decree No. 168/2025/NĐ-CP: Major Changes in Business Registration Procedures from July 1, 2025

? New Decree No. 168/2025/NĐ-CP: Major Changes in Business Registration Procedures from July 1, 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

KEY POLICIES COMING INTO FORCE FROM JULY 1, 2025

KEY POLICIES COMING INTO FORCE FROM JULY 1, 2025

The article summarizes key policies coming into effect from July 1, 2025, covering new regulations on taxation, social insurance, e-commerce management, court restructuring, and public administration. It highlights the practical impacts on businesses, workers, and regulatory agencies, reflecting a broad reform direction in state governance and social welfare.

31 July 2025

LEGAL UPDATE: PERSONAL DATA PROTECTION LAW

LEGAL UPDATE: PERSONAL DATA PROTECTION LAW

The Personal Data Protection Law (expected to take effect on January 1, 2026) (“PDP Law”) is a comprehensive legal document concerning personal data protection in Vietnam. It expands upon and supplements the content set out in Decree 13/2023/ND CP (effective from July 1, 2023) (“Decree 13”). While Decree 13 was introduced to satisfy the needs of data governance in light of significant information technology development, the PDP Law encompasses all domains of personal data processing—from business and technology to government operations. Below is ALTAS’s detailed analysis of the content, new provisions, and differences between the two documents.

31 July 2025

SEIZING THE DIGITAL ERA: WHAT BUSINESSES NEED TO KNOW ABOUT THE DIGITAL TECHNOLOGY INDUSTRY LAW

SEIZING THE DIGITAL ERA: WHAT BUSINESSES NEED TO KNOW ABOUT THE DIGITAL TECHNOLOGY INDUSTRY LAW

On June 14, 2025, the Vietnamese National Assembly officially passed the Law on Digital Technology Industry ("Digital Tech Industry Law"), which will take effect on January 1, 2026. This is a groundbreaking law, laying a comprehensive legal foundation for the development of the digital technology industry – a sector identified as a pillar of the digital economy in the coming decade. The Digital Tech Industry Law not only has significance in terms of state management but also represents a strong commitment from Vietnam to international integration, promoting innovation, and elevating the nation's position in the global technology value chain.

30 June 2025

ASSIGNMENT OF SALES & PURCHASE AGREEMENT FOR OFF-PLAN HOUSING PROJECT

ASSIGNMENT OF SALES & PURCHASE AGREEMENT FOR OFF-PLAN HOUSING PROJECT

Recently, certain information circulating in the real estate market has suggested that purchasers of future-formed housing units — despite having already taken possession of the property from the developer — would not be permitted to transfer their sale and purchase contracts if they have not yet been issued a Land Use Rights and Ownership of Residential Property Certificate. This has raised considerable concern among the public and created uncertainty regarding the legality of transactions involving this segment of the market.

30 June 2025

National Assembly passes revised Employment Law

National Assembly passes revised Employment Law

On June 16, 2025, the National Assembly of Vietnam officially passed the amended Employment Law. This is the first comprehensive revision of the Employment Law since its enactment in 2013, aiming to modernize the unemployment insurance (UI) system and digitize labor market information management. The new law is set to take effect from January 1, 2026.

30 June 2025

KEY HIGHLIGHTS OF THE DRAFT LAW AMENDING AND SUPPLEMENTING THE LAW ON ADVERTISING

KEY HIGHLIGHTS OF THE DRAFT LAW AMENDING AND SUPPLEMENTING THE LAW ON ADVERTISING

National Assembly Passes the Law Amending and Supplementing a Number of Articles of the Law on Advertising – A Step Toward Tighter Regulation in the Digital Age. On the morning of June 16, 2025, with the majority of votes in favor, the National Assembly officially passed the Law Amending and Supplementing a Number of Articles of the Law on Advertising. This is the first comprehensive amendment since the Law on Advertising was issued in 2012, aimed at updating and improving the legal framework in response to the rapidly expanding advertising landscape, particularly on digital platforms and social networks.

30 June 2025

LEGAL UPDATE: 2024 SOCIAL INSURANCE LAW

LEGAL UPDATE: 2024 SOCIAL INSURANCE LAW

The article updates the new groups eligible for mandatory social insurance under the Social Insurance Law 2024, including business owners, non-professional workers, and management positions. It also outlines the priority mechanism for social insurance contributions, regulations on electronic transactions in social insurance, and penalties for evading or delaying social insurance contributions.

30 June 2025

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