Knowledge Center

1. Securities On 11 September 2025, the Government issued Decree No. 245/2025/ND-CP (“Decree 245”) amending Decree No. 155/2020/ND-CP dated 31 December 2020 implementing the Law on Securities  (“Decree 155”). Decree 245 took effect from the date of signing and introduces some key changes as follows. Amending provisions related to foreign investors Documents identifying the status of professional securities investors being foreign individuals and foreign institutions are specified in Decree 245 as follows: –      If […]

The global energy transition is no longer a distant aspiration—it is the defining industrial and environmental challenge of our time. For Vietnam, the stakes could not be higher. Reliable, affordable, and clean electricity will determine not only the country’s ability to meet its climate commitments but also its competitiveness in a carbon-constrained global economy. Remarkable Progress—But with Structural Strains Vietnam’s record over the past ten years is nothing short of extraordinary. Especially, between 2019 and […]

Vietnam’s banking and finance sector continues to evolve amid global economic shifts and domestic regulatory reforms. In the Banking & Finance Guide 2025: Vietnam published by IFLR, VILAF Partner Tung Nguyen offers expert insights into the latest legal developments, market trends, and challenges shaping the financial landscape. This guide provides valuable perspectives for investors, legal professionals, and financial institutions navigating Vietnam’s dynamic regulatory environment. 1 Overview of the legal framework 1.1 Primary sources of banking […]

On 9 September 2025, the Government of Vietnam issued Resolution No. 05/2025/NQ-CP (Resolution 05), launching a five-year pilot program for a tokenized assets (officially termed “tài sản mã hóa,” often translated as “crypto assets”) market in Vietnam. The Resolution governs the offering, issuance, trading, custody, and provision of crypto-asset services.  It governs crypto-asset-related activities of issuers, service providers, investors, and relevant authorities. Key Takeaways Issuance of crypto assets must be backed by existing underlying assets, […]

1. Quality of goods The National Assembly recently adopted Law No. 78/2025/QH15 (“Law 78/2025”) amending the Law on Quality of Products and Goods and Law No. 70/2025/QH15 (“Law 70/2025”) amending the Law on Standards and Technical Regulations. The adoption of Law 78/2025 and Law 70/2025 aims to further improve the efficiency of quality control activities, enhance the responsibilities of business entities and safeguard consumer interests. With effect from 1 January 2026, these Laws introduce a […]