Circular No. 62/2025/TT-BCT (“Circular 62”) issued on 10 December 2025 establishes Vietnam’s first comprehensive regulatory framework governing standalone Battery Energy Storage Systems (BESS) connected to the national power system. The Circular provides: The methodology for determining and approving annual electricity generation price brackets for BESS; The methods for calculating electricity generation service prices of BESS; Detailed pricing, adjustment, and settlement formulas, including foreign exchange adjustment mechanisms; A regulated Power Purchase Agreement (PPA) framework, including mandatory […]
On 19 January 2026, the Government of Vietnam issued Decree No. 29/2026/NĐ-CP (“Decree 29”), with effect to formally establishing the legal, institutional and operational framework for Vietnam’s domestic carbon exchange. Decree 29 represents a major milestone in Vietnam’s climate and market-based emissions reduction policy. It operationalizes the carbon market roadmap under Decree No. 06/2022/NĐ-CP, as amended by Decree No. 119/2025/NĐ-CP, and integrates environmental regulation with Vietnam’s securities market infrastructure. Key Highlights Creation of a centralised, […]
We are delighted to share that The Legal 500 has once again ranked VILAF as a Tier 1 law firm in seven practice areas, with 16 individual rankings. We extend our sincere thanks to The Legal 500 for this recognition, and to our valued clients for their continued trust and partnership. We remain steadfast in our pursuit of excellence and fully committed to delivering the highest quality legal services to our clients. […]
Vietnam Enacts Its First Law on Artificial Intelligence: Key Regulatory Obligations from 1 March 2026
Posted on Jan 19, 2026 in Legal Update by VILAF
Written by Vaibhav Saxena On 10 December 2025, the National Assembly of Vietnam passed Law No. 134/2025/QH15 on Artificial Intelligence (the “AI Law”). This is Vietnam’s first dedicated statute governing artificial intelligence activities. The AI Law will enter into force on 1 March 2026 (“Effective Date”) and establishes a unified legal framework regulating the development, supply, deployment, and use of AI systems in Vietnam. Purview The AI Law governs: Activities relating to research, development, provision, […]
Planning with Certainty: Key Enhancements under Vietnam’s 2025 Planning Law
Posted on Jan 15, 2026 in Legal Update by VILAF
Written by Foreign Counsel, Vaibhav Saxena Legislative Status and Objective On 10 December 2025, the National Assembly adopted Law No. 112/2025/QH15 on Planning (“2025 Planning Law”), to enter into effect from 01 March 2026, repealing and replacing in full the 2017 Law on Planning. The stated and evident objective of the 2025 Planning Law is not to redesign Vietnam’s integrated planning model, but to: stabilise implementation after the first national planning cycle (2021–2030); correct hierarchy […]