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UPDATED LEGAL DOCUMENT

Tax	1	Law on Corporate Income Tax No. 67/2025/QH15 of the National Assembly
Science and Technology	2	Law on Science, Technology and Innovation No. 93/2025/QH15 of the National Assembly
Credit Institutions	3	Law No. 96/2025/QH15 of the National Assembly on Amendments to a Number of Articles of the Law on Credit Institutions
Criminal Procedure	4	Decree No. 250/2025/ND-CP of the Government detailing the establishment and operation of asset valuation councils; and the order and procedures for asset valuation in criminal proceedings
Industry	5	Decree No. 235/2025/ND-CP of the Government amending and supplementing a number of articles of Decree No. 45/2012/ND-CP dated May 21, 2012 of the Government on industrial promotion
Education	6	Circular No. 16/2025/TT-BGDDT of the Minister of Education and Training providing regulations on joint organization of foreign language proficiency certificate examinations of foreign countries.

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Law No. 67/2025/QH15

Tax incentives for small and medium-sized enterprises (SMEs), with specific tax rates as follows:

Additional types of income considered taxable corporate income include:

Income of public service units from leasing out public assets.

Differences arising from fines, compensation for contract breaches, or bonuses for good performance of contractual commitments;

Income from production and business activities abroad;

Income from business cooperation contracts;

Income from accrued expenses that are not used or not fully used;

Differences arising from asset revaluation for capital contribution or transfer in cases of merger, consolidation, division, separation, or conversion of enterprise type;

15% for enterprises with total revenue not exceeding VND 3 billion.

17% for enterprises with annual total revenue of more than VND 3 billion but not exceeding VND 50 billion.

The 2025 Corporate Income Tax Law does not allow profits/losses from real estate transfers or investment project transfers to be offset against income from other business activities enjoying tax incentives.

Date of issue: June 14th , 2025

Effective date: October 1st, 2025

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Law No. 93/2025/QH15

Exclusion of criminal liability for risks arising from research, testing, and application of scientific, technical, and technological advances.

The State encourages and promotes the central role of enterprises in the national innovation system.

Orientation of investment in developing higher education institutions into centers of scientific research, technological development, and innovation.

The State encourages the application of big data and artificial intelligence to enhance the effectiveness of science, technology, and innovation activities; and the use of artificial intelligence in renewing the scientific, technological, and innovation workforce.

Innovative startup enterprises may be allowed to organize a specialized securities trading market to list the shares of the innovative startup enterprise.

Date of issue: June 27th, 2025

Effective date: October 1st, 2025

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Credit institutions, branches of foreign banks, and debt trading and settlement organizations shall have the right to seize collateral securing non-performing loans upon satisfaction of the following conditions:

A case for the disposal of collateral has arisen;
The security contract contains an agreement on the seizure of collateral securing the non-performing loan;
The security measure has become effective against third parties;
The collateral is not the subject of a dispute in a case already accepted by a court; is not subject to provisional urgent measures; attachment or enforcement security measures; and is not subject to suspension of disposal;
The collateral to be seized satisfies conditions as prescribed by the Government;
The credit institution, branch of a foreign bank, or debt trading and settlement organization has fulfilled its obligation to publicly disclose information in accordance with regulations.

Supplemented provisions on the handling of attached assets and the return of exhibits or secured assets under civil judgment enforcement, which may only be disposed of if:

The security contract was established after the judgment became effective;
The property is related to alimony or compensation for loss of life;
Or there is consent from the secured party.

Law No. 96/2025/QH15

Date of issue: June 27th, 2025

Effective date: October 15th, 2025

Permitting the return of exhibits that are secured assets in criminal cases if such return does not affect the settlement of the case and there is an agreement in the security contract.

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Establishment of asset valuation councils:

Asset valuation councils shall operate on a collective basis. The agency where the Chairperson of the asset valuation council works shall affix its seal to the council’s documents and bear legal responsibility for the establishment and operation of the council.

Asset valuation councils shall be established at the commune, provincial, and ministerial levels, and by decision of the Prime Minister;
The number of members of an asset valuation council shall be at least 03 for a commune-level council, and at least 05 for councils at other levels.

Decree No. 250/2025/ND-CP

Operation of asset valuation councils:

Date of issue: September 22nd, 2025

Effective date: September 22nd, 2025

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Decree No. 235/2025/ND-CP

Date of issue: August 27th, 2025

Effective date: October 15th, 2025

Transfer of authority to approve industrial promotion programs from the Prime Minister to the Ministry of Industry and Trade.

Addition of objectives of industrial promotion activities regarding the encouragement and support of sustainable production and consumption, and digital transformation.

Supplemented priority industries under industrial promotion policies:

Priority is given to programs and projects supporting digital transformation; and the application of sustainable production and consumption;
Priority is also given to traditional cottage industries and handicrafts at risk of being lost or disappearing.

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Circular No. 16/2025/TT-BGDDT

The subjects of association in organizing foreign language proficiency certification exams are the following associated parties:

The Vietnamese party serves as the affiliated unit for organizing the examinations;

The foreign party is the entity that grants foreign language proficiency certificates, or a foreign language assessment institution authorized or permitted by the certifying entity to organize examinations for certificate issuance.

Date of issue: August 27th, 2025

Effective date: October 12th, 2025

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Phone number : (+84) 919.272.018

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