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The Prime Minister issued Decision No. 36/2025/QD-TTg on the Vietnam Standard Industrial Classification (“Decision 36”), replacing Decision No. 27/2018/QD-TTg (“Decision 27”), which takes effect from 15 November 2025.
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The concept of Beneficial Owner (“BO”) was first introduced in Law on Enterprises amended 2025 in the context of Vietnam’s urgent need to “Establish a mechanism that provides competent authorities with timely access to adequate, accurate, and up-to-date information on the beneficial owners of legal entity (and legal agreement, where applicable), and to apply appropriate, effective, proportionate, and dissuasive measures against violations” as a remedial action designated by the FATF to remove Vietnam from the Increased Monitoring List (“Grey List”)[1]. At the same time, this amendment aims to improve the legal framework and foster a transparent and secure business environment, thereby preventing and combating commercial fraud, tax evasion, corruption, money laundering, and terrorist financing. In this article, we analyze the legal framework and the obligations that enterprises must comply with under the current regulations. The scope of this article does not include enterprises wholly owned by the State, nor joint-stock companies or multi-member limited liability companies with State capital contribution.
The Decree No. 219/2025/ND-CP was issued and came into force on 07 August 2025, replacing Decree 152/2020/ND-CP and Decree 70/2023/ND-CP. This new regulation provides comprehensive guidance on the conditions, procedures, and management of foreign nationals working in Vietnam.
We are absolutely thrilled to announce that our Managing Partner, Ms. Nhu T.Q Nguyen, has just launched her book, “𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐟𝐨𝐫 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦”! With more than ten years of hands-on experience guiding corporate clients through foreign investment projects, Ms. Nhu has poured her incredible knowledge and practical wisdom into this book.
On April 9, 2025, the Ministry of Finance issued official letter No. 4525/BTC-PC guiding the determination of investment incentives and procedures for amending investment projects in case of changes in administrative boundaries due to the arrangement of administrative units and building a two-tier local government model.
Decree 70/2025/ND-CP is issued to amend and supplement several articles of Decree 123/2020/ND-CP, which regulates invoices and documents. This new decree takes effect from June 1, 2025. Notable changes include new regulations on electronic invoices generated from cash registers, responsibilities of electronic invoice service providers, invoice issuance time for specific cases, electronic invoice content, value-added invoices combined with tax refund declarations, electronic documents, and other related issues. These amendments are likely to impact many entities, including businesses, organizations, and individuals.
Eruditus Legal Co., Ltd specializes in providing expert advisory services in legal, tax, and finance for both local enterprises and Foreign Direct Investment (FDI) ventures.
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