We want to notify you of regulations coming into effect in February 2025.
1. Decree 05/2025/ND-CP amends Decree 08/2022/ND-CP on Environmental Protection.
Effective 6 February 2025, it clarifies Environmental Permit issuance, renewal deadlines, and adjustments for project changes. It requires new Environmental Permits for split projects, stricter wastewater management, and additional compliance for high-risk facilities.
2. Decree 19/2025/ND-CP details the Law on Investment regarding special investment procedures.
Effective 10 February 2025, it introduces Special Investment Procedures (SIP), offering simplified processes with exemptions from Investment Policy Approval, EIAR, and construction permits. However, investors must provide financial guarantees, notify authorities before construction, and comply with environmental regulations, including obtaining necessary licenses.
3. Decree 174/2024/NĐ-CP on administrative sanctions for violations in the field of insurance business
Effective 15 February 2025, it strengthens penalties for insurance violations, including increased fines for fraud, unclear contract terms, misleading advertising, and mismanagement in brokerage firms.
Please click the hyperlink below to download a full version of this legal alert.
If you need more information or help navigating these changes, please do not hesitate to contact us.
• Diep Hoang +84 28 7300 0864 (ext 120) Diep.hoang@dilinh.com.
• Michael Lee +84 28 7300 0864 (ext 130) Michael.lee@dilinh.com.