Newsletter

1. Background and Policy ObjectivesIn 2025, the Vietnamese Government continues its tax reform agenda to support the SME sector, which accounts for over 97% of all active businesses. The new tax incentive policies are designed to reduce financial burdens, stimulate investment, and encourage innovation. 2. Key Highlights of the New Tax Incentives Reduced Corporate Income […]

1. Overview In today’s globalized economy, international commercial contracts between Vietnamese enterprises and foreign partners are increasingly common. However, differences in law, language, and business practices often lead to contractual disputes, posing risks to both reputation and financial stability. Common causes include: Breach of payment or delivery obligations. Failure to meet quality or quantity requirements.

Effective Date and Significance From July 1, 2023, Decree No. 13/2023/ND-CP on Personal Data Protection (PDPL) officially took effect, marking a major milestone in Vietnam’s legal framework on privacy and data rights.This regulation has a broad impact on all organizations, businesses, and individuals involved in personal data processing — especially those with foreign elements or

1. Background and Objectives The Amended Enterprise Law 2025, expected to take effect on January 1, 2026, aims to create a transparent, competitive, and internationally aligned investment environment.The new amendments are designed to remove existing barriers and improve the efficiency of foreign-invested enterprises (FDI) operations in Vietnam. 2. Key Changes a. Simplified Business Registration Procedures:The

Craft villages  More than 5,000 villages—in which artisans craft fine art products—dot the country, as stated by the Vietnam Craft Village Association. The sector comprises around 1.5 million workers and exports more than $1.7 billion in goods yearly. Although the handicrafts industry is smaller than other export sectors, it remains a vital contributor to the country’s tourism sector, contributing over 9% to

The importance of environmental zoning  Multiple studies show that as a country’s economy rises, so do instances of environmental pollution. A report from the Federal Reserve Bank of St. Louis mentions that increasing levels of GDP per capita coincide with the growth of carbon dioxide in the atmosphere. Another article from the journal Sustainable Cities and Society states the

This is part of a multiple article series detailing the decree. Today’s world is confronted with a multitude of environmental problems, some minor, requiring targeted solutions, while others are deemed as significant, needing multiple stakeholders to manage and resolve them.  Problems like a factory willfully violating environmental laws to save money can be resolved with

The role of education is significant With the rise of technology that allows people to capture a wide range of information, the amount of data used by individuals and businesses has exploded globally. More than 463 exabytes of data will have been created by us every day by 2025.   The immense amount of information present is one

The role of special economic zones In 1947, an Irish businessman by the name of Brendan O’Regan established what would be the world’s first duty-free shop in Ireland’s Shannon Airport. He also helped establish the Shannon Free Zone—an international business park near the airport—in 1959. The park provided tax breaks for companies on imported goods and materials used for export

The growth of foreign investment projects International investors established more than $14 billion in projects from January to July 2022, around 91% compared to last year. Industries like manufacturing and processing, tech, and retail saw significant attention. Singapore leads the list of Vietnam’s top investment partners, accounting for more than a quarter of total investment capital, followed by South