We want to notify you of the notable regulations taking effect in May and June 2025.
Decree No. 69/2025/ND-CP amends regulations on foreign investors purchasing shares of Vietnamese credit institutions.
Effective 19 May 2025, this Decree expands its regulatory scope to include foreign-invested economic organizations and provides more precise definitions of “foreign individual” and “foreign organization.” It also amends and supplements provisions on the foreign ownership limit in Vietnamese credit institutions.
Decree No. 68/2025/ND-CP amending provisions detailing the Law on Handling of Administrative Violations.
Effective 02 May 2025, Decree 68/2025/ND-CP introduces new principles for determining monetary fines in administrative violation cases, providing a more structured approach based on aggravating or mitigating circumstances. It also provides guidance on more precisely determining a repeated violation or multiple counts of violation. It permits the electronic seizure of licenses, promoting a more modern and flexible enforcement approach.
Circular No. 19/2025/TT-BTC provides new regulations on public companies.
This Circular regulates relevant application dossiers, procedures, and timelines for registering a public company or cancelling its status effective 5 May 2025. Additionally, the Circular introduces new regulations on audited reports on contributed charter capital, which are used in IPO or public company registration dossiers.
Circular No. 03/2025/TT-NHNN on opening and using VND accounts to implement foreign indirect investment activities in Vietnam.
Effective 16 June 2025, this circular introduces a major reform by eliminating the consular legalization requirement for account opening documents, significantly simplifying procedures, and reducing processing time. The Circular allows banks and investors to agree on translation requirements, streamlining administrative processes.
Please click the hyperlink below to download a PDF file of the alert.