- HM&P: Vietnam International Law Firm
- HM&P: Vietnam International Law Firm
- 02873080839
- https://hmplaw.vn/
Corporate and M&A
In the chemical industry, product formulations are often the core factor that creates a business's competitive advantage. For many products such as cosmetic chemicals, detergents, food additives or specialized industrial preparations, the commercial value lies not only in the brand but also in the mixing ratio, additive ingredients, technical processes or technological know-how invested and researched by enterprises for a long time.
According to the report of the Market Surveillance Force, in 2025, the country will handle more than 23,000 cases of violations related to counterfeit goods and goods of unknown origin, with a total value of nearly 290 billion VND. In just the first three months of 2026, the number of violations continues to reach 9,574 cases . These figures show that the problem of counterfeit goods and goods of unknown origin is still a big challenge for management agencies, businesses and consumers.
The Ministry of Public Security is submitting a draft amendment to the Prime Minister's Decision 09/2023/QD-TTg regulating the order, procedures, competence, issuance and management of APEC business travel cards (Decision 09) to seek opinions on adjusting regulations related to this regulation to suit the new development context of Vietnam.
The change of the chemical legal system in Vietnam from the beginning of 2026 marks a new era in safety, security governance and chemical industrial development. With the National Assembly's passage of the Chemical Law No. 69/2025/QH15 and the simultaneous introduction of guiding Decrees such as Decree 24/2026/ND-CP, Decree 25/2026/ND-CP, and Decree 26/2026/ND-CP, chemical businesses are facing stricter and more comprehensive compliance requirements than ever before. In this article, we will analyze and clarify common legal risks under the new regulations and long-term risk management strategies to help businesses minimize legal risks and optimize operational efficiency in the context of the digitalization of the state's chemical management.
The number of experts, managers and technical workers from multinational corporations to work at the group's subsidiaries in Vietnam under the mechanism of intra-corporate transferee (ICT) to transfer knowledge, management experience and technology is increasing.
In the context of the strong development of the digital economy and increasingly complex mergers and acquisitions (M&A) deals, the legal framework on competition in Vietnam is clearly shifting in the direction of "tightening discipline". The two main groups of tools used are standardizing the procedures for controlling economic concentration according to the notification threshold and increasing the feasibility of the administrative sanctioning mechanism, especially for violations of procedures and obligations to provide information.
Vietnam's pharmaceutical retail market is witnessing a period of strong growth and transformation. Needing to scale up quickly, market-leading pharmacy chains such as Pharmacity, FPT Long Chau, and An Khang are all pursuing a strategy to expand their retail store system nationwide. The common goal of these businesses is to occupy a larger market share and penetrate both large cities and rural areas.
The issuance of individual corporate bonds is an important capital mobilization channel but is sensitive to the risk of "information asymmetry" when the issuer knows better than investors about financial health, purpose of using capital, collateral and debt repayment capacity. When the obligation to disclose information is carried out in a slow, insufficient or wrong form, the market is prone to falling into improper risk valuation, wrong capital allocation and causing a lack of investor confidence.
The 2005 Commercial Law was expected to be a "framework law" regulating commercial relations in the market economy, but the practice of more than two decades has shown that the role of the "central law" of this law has been significantly reduced. The reason does not lie in a specific provision, but the sum of many different factors such as the wide scope of regulation, the overlap between regulations, and the emergence of new specialized legal frameworks, has faded into obscuring a law that should have played the most important role in the nation's commerce.
The post-merger dispute between EQuest and Ms. Pham Bich Nga (related to the investment/transfer of ownership and operation of Hanoi Star Education System) is a "case study" to look directly at post-M&A risks in Vietnam: the buyer has a majority, have been paid, but can still be "stuck" at the stage of operational control, legal transfer and real control at the target company.
The 2026 General Meeting of Shareholders (AGM) season takes place in a more special context when many important legal changes related to public company governance, information disclosure and operating mechanism of the General Meeting of Shareholders simultaneously take effect, forcing businesses to make appropriate adjustments.
The Law on Corporate Income Tax 2025 ("Law on CIT") allows enterprises to deduct up to 20% of their annual taxable income to form the Science and Technology Development Fund. But the correct compliance when setting up this fund is also something that businesses need to pay attention to. In essence, allowing enterprises to set up science and technology funds is a strategic financial and tax tool, helping enterprises reallocate pre-tax profits to high value-added activities. However, this mechanism is not absolute tax exemption. In case of using the science and technology fund for the wrong purpose, failing to reach the minimum utilization rate as prescribed, or violating the declaration obligation, the enterprise may be subject to the arrears of CIT corresponding to the invalid appropriation, accompanied by late payment interest.
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