Knowledge Center

Written by Partner Ngoc Anh Bui and Foreign Counsel Vaibhav Saxena On April 15, 2025, Prime Minister’s Decision No. 768/2025 (“Revised PDP-8”) was initialed and adjustments were made in accordance with the Law on Planning 2017 (as amended). The revised Power Development Plan 8 (PDP-8) outlines Vietnam’s national electricity development strategy for the period from 2021 to 2030, with a vision extending to 2050. This plan aligns with Vietnam’s international climate commitments, including those made at COP26, COP27, […]

Written by Associate Chau Nguyen The Government has issued Decree 70/2025/ND-CP (“Decree 70”), amending and supplementing certain provisions of Decree 123/2020/ND-CP on invoices and invoicing.  Decree 70 takes effect on 1 June 2025.   Decree 70 does not alter the general rule that, for the sale of goods, an invoice must be issued at the time ownership or the right to use the goods is transferred to the buyer, regardless of whether payment has been […]

1. Foreign ownership in Vietnamese credit institutions On 18 March 2025, the Government issued Decree No. 69/2025/ND-CP (“Decree 69”) amending Decree No. 01/2014/ND-CP dated 3 January 2014 (“Decree 01”) on purchase by foreign investors of shares in Vietnamese credit organisations. Decree 69 takes effect from 19 May 2025. The highlights of Decree 69 are as follows. Expanded scope Decree 69 expands the applicability of the regulations on the purchase by foreign investors of shares in […]

This article will (i) explore a unique situation faced by land users who sub-leased parcels from industrial infrastructure developers (“Infrastructure Developers”) before the 2013 Land Law was enacted, (ii) analyze a common deal structure involving the “transfer” of annual-payment land use rights in industrial zones, and (iii) highlight key changes in the 2024 Land Law that could significantly impact these transactions. 1. Lump-sum payment land sub-lesees with the rights of annual-payment land user? Imagine sub-leasing […]

Government of Vietnam issued Decree No. 56/2025 (“Decree 56”) with effect from March 03, 2025, boosting investment opportunities and guiding the Law on Electricity 2024 on electricity development planning, power network development plan, investment in construction of electricity projects and bidding to select investors for electricity business projects, while supporting digital transformation and data management. Planning Power development plan Power source capacity and grid voltage determination to include total installed capacity of relevant power sources […]