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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

CONVERSION FROM HOUSEHOLD BUSINESS TO ENTERPRISE

CONVERSION FROM HOUSEHOLD BUSINESS TO ENTERPRISE

Transitioning household businesses into formal enterprises is an inevitable trend as Vietnam phases out fixed tax schemes by January 1, 2026. This shift enables household businesses to operate with clearer legal status, greater access to capital, and stronger growth potential. With ALTAS, the conversion process is seamless—offering a full-service package that includes business registration, tax setup, and three months of free legal consultation to help new enterprises start strong.

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

HUFLIT VISITS AND NETWORKS WITH ALTAS CORP: EXPANDING CAREER HORIZONS FOR LAW STUDENTS

HUFLIT VISITS AND NETWORKS WITH ALTAS CORP: EXPANDING CAREER HORIZONS FOR LAW STUDENTS

On the morning of May 22, 2025, the office of Altas Corp was filled with energy and excitement as it warmly welcomed a group of students from the Ho Chi Minh City University of Foreign Languages and Information Technology (HUFLIT). This event was a meaningful enterprise visit and networking activity, co-organized by HUFLIT’s Office of Corporate Relations and Altas, aimed at providing practical learning opportunities for more than 20 students majoring in Law and related fields.

31 May 2025

Nguyen Nhac Thien An (Dorothy) – Partner at Altas Accounting – Shares Valuable Insights at BNI Mega Star’s Business Networking Event on May 22, 2025

Nguyen Nhac Thien An (Dorothy) – Partner at Altas Accounting – Shares Valuable Insights at BNI Mega Star’s Business Networking Event on May 22, 2025

On the morning of May 22, 2025, the BNI Mega Star Chapter welcomed its members to a dynamic and engaging business networking session, bringing together entrepreneurs across industries under the shared spirit of connection and mutual support. Among the morning's highlights was an insightful presentation by Ms. Nguyễn Nhạc Thiên Ân (Dorothy), Director of Altas Accounting and an active member of the Chapter.

31 May 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

ALTAS LAW × VNDS: Powering the Future of Personal Data Protection in Vietnam

ALTAS LAW × VNDS: Powering the Future of Personal Data Protection in Vietnam

We’re thrilled to announce a bold new partnership between ALTAS LAW and Vietnam Data Security JSC (VNDS) — combining legal precision with cutting-edge cybersecurity to deliver next-level personal data protection solutions for businesses across Vietnam.

30 April 2025

Insights from the Seminar for public consultation on Draft of Personal Data Protection Law

Insights from the Seminar for public consultation on Draft of Personal Data Protection Law

Mr. Chris Luong, Partner at ALTAS LAW, recently attended the Seminar: “Public Consultation on the draft Law on Personal Data Protection,” organized by the National Cyber Security Association in Hanoi on April 23, 2025, gaining more insights on how technologies could help advancing the Data Protection Compliance.

30 April 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

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