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
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
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
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
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
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
The Government has issued Decree No. 82/2025/ND-CP, extending the deadlines for payment of various taxes and land rent for 2025. This decree will benefit enterprises, organizations, households, and individuals by providing additional time to meet their tax obligations. The extenssion is highlighted below:
30 April 2025
On March 20, 2025, the Government issued Decree No. 70/2025/ND-CP, which amends and supplements several articles of Decree No. 123/2020/ND-CP concerning invoices and documents. This decree will take effect on June 1, 2025. The main highlights are as follows:
30 April 2025
April 30, 1975, marks a sacred milestone in the history of Vietnam — the day our nation was reunified, fulfilling a long-standing aspiration after years of heroic struggle. On the occasion of the 50th anniversary of Southern Liberation and National Reunification (April 30, 1975 – April 30, 2025), ALTAS respectfully pays tribute to the generations who sacrificed for peace, independence, and the future of our nation.
30 April 2025
We are writing to bring to your immediate attention a critical Open Letter ("Thư Ngỏ") recently issued by the tax authorities. This letter signals a significant and concerning escalation in their efforts to identify and penalize tax non-compliance. We urge you to carefully consider the implications outlined below:
30 April 2025
On 11th April 2025, the 11th plenum of the 13th Party Central Committee has ended with a landmark approval on administrative overhaul in Vietnam, which will consolidate the country's 63 localities into 6 cities and 28 provinces, represent a fundamental shift in the administrative structure and will necessitate careful consideration from all enterprises operating in Vietnam.
30 April 2025
Recently, students from the Faculty of International Law, University of Law – Ho Chi Minh City, had the valuable opportunity to participate in a field trip to ALTAS CORP – a reputable company operating in accounting, finance, and legal consulting. This visit not only provided an insightful look into the professional workplace environment but also served as a platform for meaningful exchange and learning from leading industry experts.
30 April 2025
![[LEGAL UPDATE] An Introduction to Vietnam's New Banking Sandbox Mechanism: Decree 94/2025/NĐ-CP](thumbs/350x240x1/upload/news/legal-update-j-jan2025-2-8926.png "[LEGAL UPDATE] An Introduction to Vietnam's New Banking Sandbox Mechanism: Decree 94/2025/NĐ-CP")
