In a significant stride towards sustainable energy transformation, the Vietnamese government has approved the Revised National Power Development Plan VIII (PDP-8) under Decision No. 768/2025/QD-TTg (the “Revised plan”), outlining the country’s electricity roadmap for the 2021–2030 period with a forward-looking vision to 2050. The Revised plan, initialed on April 15, 2025, is aligned with Vietnam’s commitments under the Law on Planning 2017, the Electricity Law 2024, and international climate goals, including pledges made at COP26 […]
Category: Legal Update
Tightened Oversight on Certificate of Origin Issuance – VCCI Authority Revoked
Posted on Apr 25, 2025 in Legal Update by VILAF
On 21 April 2025, the Ministry of Industry and Trade of Vietnam (MOIT) issued Decision No. 1103/QĐ-BCT, officially revoking the Vietnam Chamber of Commerce and Industry’s (VCCI) authority to issue Certificates of Origin (C/O), Certificates of Non-Manipulation (CNM), and register REX code under the GSP of Norway and Switzerland. This authority will now be under the Import and Export Department under the MOIT. This move marks a significant policy shift aimed at tightening the management […]
Vietnam’s Revised PDP-8: A Strategic Path for National Electricity Development
Posted on Apr 18, 2025 in Legal Update by VILAF
Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena On April 15, 2025, Prime Minister’s Decision No. 768/2025 (“Revised PDP-8”) was initialed and adjustments were made in accordance with the Law on Planning 2017 (as amended). The revised Power Development Plan 8 (PDP-8) outlines Vietnam’s national electricity development strategy for the period from 2021 to 2030, with a vision extending to 2050. This plan aligns with Vietnam’s international climate commitments, including those made at COP26, COP27, […]
New Regulation Guiding the Invoicing Timelines for Export, E-Commerce, Banking, Securities, Healthcare, Lottery, and Casino Services
Posted on Apr 10, 2025 in Legal Update by VILAF
Written by Associate Chau Nguyen The Government has issued Decree 70/2025/ND-CP (“Decree 70”), amending and supplementing certain provisions of Decree 123/2020/ND-CP on invoices and invoicing. Decree 70 takes effect on 1 June 2025. Decree 70 does not alter the general rule that, for the sale of goods, an invoice must be issued at the time ownership or the right to use the goods is transferred to the buyer, regardless of whether payment has been […]
Legal Bulletin: April 2025
Posted on Apr 8, 2025 in Legal Update by VILAF
1. Foreign ownership in Vietnamese credit institutions On 18 March 2025, the Government issued Decree No. 69/2025/ND-CP (“Decree 69”) amending Decree No. 01/2014/ND-CP dated 3 January 2014 (“Decree 01”) on purchase by foreign investors of shares in Vietnamese credit organisations. Decree 69 takes effect from 19 May 2025. The highlights of Decree 69 are as follows. Expanded scope Decree 69 expands the applicability of the regulations on the purchase by foreign investors of shares in […]