Entries by ADCiptek

2025 Enterprise Law Amendments: New Rules for Management, Bonds, and Transparency

The 2025 Amended Law on Enterprises, effective from 1 July 2025, includes key updates: public employees in scientific organizations can now contribute capital and manage enterprises; non-public joint stock companies face stricter bond issuance regulations; and enterprises must identify and report their beneficial owners to enhance financial transparency and anti-money laundering efforts.

Business Impacts of the 2025 Provincial Restructuring

ince 1 July 2025, Vietnam has officially operated under a new structure of provincial-level administrative units, following Resolution No. 202/2025/QH15 on the restructuring of provincial-level administrative units and the implementation of a two-tier local government model (provincial level and grassroots level).

Continuation of 2% VAT Reduction Until the End of 2026

In response to the significant negative impacts of U.S. tariff measures, global conflicts, and political instability on the Vietnamese economy, the National Assembly passed Resolution No. 204/2025/QH15 on 17 June 2025, extending support for businesses through a reduction of value-added tax (“VAT”).

Groundbreaking Reforms under the Law on Corporate Income Tax 2025

On June 14, 2025, Vietnam’s National Assembly passed the amended Law on Corporate Income Tax 2025, aimed at supporting SMEs and encouraging household businesses to formalize. The law introduces preferential tax rates of 15% for businesses with revenue under VND 3 billion, and 17% for those with revenue between VND 3 billion and VND 50 billion. It also offers a CIT exemption for businesses converted from household businesses with revenue under VND 50 billion, for two years. These reforms aim to boost SME growth and contribute to Vietnam’s economic development.

,

New Rules Every Household Business

Starting from 2025, household businesses in Vietnam will transition to a transparent tax declaration system, replacing the fixed tax method. From June 1, 2025, businesses with annual revenue over 1 billion VND must use electronic invoices and file taxes regularly. The fixed tax method will be abolished from January 1, 2026, and business owners will be required to participate in mandatory social insurance starting July 1, 2025.

Guidance on invoices when selling vouchers

The Tax Sub-Department of Region XVI has issued Official Letter 7629/CCTKV. XVI-QLDN  dated 14/5/2025 to provide guidance to enterprises on resolving certain issues related to invoice issuance in cases involving the sale of shopping vouchers.

Vietnam VAT draft decree clarification deduction refunds pricing

As part of efforts to implement the revised 2024 Law on Value-Added Tax, the Ministry of Finance is developing a Draft Decree (“Draft”) that aims to clarify and operationalize new VAT regulations. The Draft is expected to improve tax transparency, strengthen administrative oversight, and assist businesses in achieving compliance. Key proposals under the Draft include several significant adjustments.

Vietnam Circular 12/2025 marketing authorization pharmaceutical

On May 16, 2025, the Ministry of Health promulgated Circular No. 12/2025/TT-BYT (“Circular 12”), governing the registration for marketing authorization (MA) of pharmaceutical products and active pharmaceutical ingredients (APIs) in Vietnam. Circular 12 officially supersedes Circular No. 08/2022/TT-BYT, Circular No. 16/2023/TT-BYT, and Circular No. 55/2024/TT-BYT. 

Ministry of Health proposes stricter regulations on cosmetic business

The cosmetics sector in Vietnam is currently governed primarily by Decree No. 93/2016/ND-CP, Circular No. 06/2011/TT-BYT, and related legal documents. However, over time, these regulations have revealed significant gaps with substandard cosmetic products continuing to circulate openly in the market, posing risks to consumer health and undermining fair competition.