Knowledge Center

1. Multi-level marketing business On 7 April 2026, the Government issued Decree No. 137/2026/ND-CP (“Decree 137”) on management of multi-level marketing business. Decree 137 takes effect from 1 July 2026 and replaces Decree No. 40/2018/ND-CP dated 12 March 2018, as amended (“Decree 40”). Below are the noteworthy points of Decree 137. Eligible goods/products for multi-level marketing Similar to Decree 40, under Decree 137, multi-level marketing (“MLM”) business could only be applied to goods. Any business […]

We are delighted to be recognised once again by Benchmark Litigation Asia‑Pacific for our strong results, reaffirming VILAF’s position as a top‑tier firm. We are particularly pleased that a number of our lawyers have also been recognised as leading practitioners, reflecting the depth of expertise across our dispute resolution team. Thank you to the Benchmark team for the recognition, and to our clients and colleagues for their continued trust and support. This acknowledgment reflects our […]

Vietnam’s electricity market is no longer undergoing incremental reform—it is being fundamentally restructured. This guide examines the legal and systemic transformation introduced by Circular 36/2025/TT-BCT, an instrument that, while formally framed as an amendment to the competitive wholesale electricity market, in substance redefines the underlying logic through which the market operates. Rather than refining existing mechanisms, the reform reorders the hierarchy of dispatch, integrates contractual and policy constraints into system architecture, and recalibrates the allocation […]

Decree No. 112/2026/NĐ-CP, issued on 1 April 2026, marks Vietnam’s formal entry into the legal architecture of international carbon markets, following its launch of the Carbon Exchange in January, 2026. It is not simply an implementing regulation under environmental law. It is the first instrument that defines, in operational terms, how emission reduction results and carbon credits generated in Vietnam—including those recognised as internationally transferred mitigation outcomes (ITMOs)—may be accounted for and transferred across borders. […]

We are pleased to share our recent recognition by the In-House Community and our selection as a finalist at the ALB Southeast Asia Law Awards 2026 and the Legal 500 Southeast Asia Awards 2026.