Vietnam’s financial market is witnessing significant developments of a breakthrough nature, particularly in relation to policies on the pilot implementation of the crypto-asset market (“ crypto-assets ”). This initiative not only facilitates the establishment of a transparent and efficient trading platform, but also enables investors to mitigate financial risks, thereby enhancing the market’s capacity to attract foreign investment. Nevertheless, alongside the rapid expansion

Effective from midnight on 26 March 2026 , Decision No. 482/QĐ-TTg of the Prime Minister on the application of environmental protection tax, value-added tax and special consumption tax on petrol, diesel, and jet fuel in cases of necessity for national interest officially took effect through 15 April 2026. This is a notable development as multiple key indirect taxes on petroleum products were simultaneously reduced, reflecting not only the Government’s commitment to flexible

As of 14 February 2026 , the administrative procedure for registering dependants for personal income tax (“ PIT ”) family deduction purposes has been officially abolished pursuant to Decision No. 216/QD-BTC issued on 03 February 2026 by the Ministry of Finance. Previously, Decision No. 4472/QD-BTC dated 30 December 2025 of the Ministry of Finance designated the procedure for registering dependants for family deduction purposes applicable to individuals earning employment in

On 12 March 2026, the Ministry of Finance issued Circular No. 20/2026/TT-BTC providing detailed guidance on a number of articles of the Law on Corporate Income Tax and Decree No. 320/2025/ND-CP dated 15 December 2025 of the Government, which prescribes in detail a number of articles and measures for the implementation of the Law on Corporate Income Tax. Notably, Circular No. 20 introduces specific regulations on dossiers required for certain expenses to be treated as deducti

In furtherance of the policy to promote administrative reform and enhance international integration, on 12 December 2025, the Government issued Resolution No. 407/NQ-CP, approving Vietnam’s accession to the Hague Convention of 5 October 1961 Abolishing the Requirement of Legalisation for Foreign Public Documents (“ Apostille Convention ”). Once the Apostille Convention officially enters into force, public documents issued in member states and duly apostilled may be used in Vi

Recently, on 08 January 2026 , the Government issued Resolution No. 02/NQ-CP on the principal tasks and solutions to improve the business environment and enhance national competitiveness in 2026. This Resolution is the 11th annual thematic resolution on the business environment since Resolution No. 19/NQ-CP was initiated in 2014. Resolution No. 02/NQ-CP is an important policy decision aimed at removing difficulties, clearing institutional bottlenecks, and creating new moment

On 15 January 2026, the Government promulgated Decree No. 20/2026/ND-CP, providing detailed guidance on the implementation of Resolution No. 198/2025/QH15 on special mechanisms and policies for the development of the private economic sector, together with the Law on Corporate Income Tax No. 67/2025/QH15. Under this Decree, small and medium-sized enterprises that are registered for business for the first time are entitled to a corporate income tax exemption for three consecuti

On 10 December 2025, the National Assembly officially passed the Personal Income Tax Law No. 109/2025/QH15, marking an important step in further refining Vietnam’s personal income tax policy framework. The new Law is issued to better reflect practical developments, the growing diversity of income sources, and the deeper integration of Vietnam into the global economy. Through this newsletter, W&A provides a comprehensive overview and analysis of the key provisions of the Perso

On 27 October 2025, the Ministry of Finance issued Circular No. 99/2025/TT-BTC providing guidance on the accounting regime for enterprises. The Circular takes effect from 1 January 2026 and applies to financial years commencing on or after this date. Circular 99 not only replaces and systematizes existing regulations on enterprise accounting, but also clearly reflects the policy direction toward strengthening corporate governance, internal control, transparency, and accounta

On 31 December 2025, the Government issued Decree No. 359/2025/ND-CP, amending and supplementing Decree No. 181/2025/ND-CP, providing clarification on the VAT treatment applicable to unprocessed agricultural products at the commercial trading stage. The new Decree clarifies how VAT should be applied depending on the seller, the buyer, and the VAT calculation method, addressing long standing inconsistencies in practice regarding whether such transactions are subject to VAT dec

On 26 December 2025, the Ministry of Finance issued official guidance on the tax and invoicing treatment applicable to enterprises selling foreign currency to credit institutions. The guidance addresses practical issues frequently encountered by enterprises receiving foreign-currency income and converting such funds into Vietnamese dong through commercial banks, including the treatment of invoicing, value-added tax, and corporate income tax. This clarification is particularly

Based on the Vietnam Labor Code 2019 , the Law on Social Insurance 2024 , and Decree No. 219/2025/ND-CP , the Ministry of Home Affairs has clarified the legal boundary between: Foreign employees working in Vietnam under a labor relationship , who are required to enter into a labor contract, receive salary payments, and participate in social insurance in Vietnam; and Foreign employees assigned to Vietnam under an intra-company transfer , where no labor relationship is establis