HM&P accompanies and supports businesses to adapt in the new context

Vietnam is entering a period of strong transformation with a series of important changes in administrative boundaries, government structure, and legal reforms to accelerate economic development. In this challenging but also potential context, HM&P Law Firm (“HM&P”) – a professional consulting firm with a wealth of experience accompanying domestic and foreign businesses – is committed to supporting businesses to overcome fluctuations,  adapt quickly and make the most of new opportunities.

The changing landscape in Vietnam

Administrative reform and national boundaries

By 2025, Vietnam has announced and implemented an ambitious administrative reform plan, which is considered a turning point since the Doi Moi era in 1986. According to Resolution No. 60-NQ/TW[1] and Decision No. 759/QD-TTg[2], the number of provincial-level administrative units will be reduced from 63 to 34, including 28 provinces and 6 centrally-run cities. At the same time, district-level administrative units will be abolished and transformed into a two-level model of government (provinces and communes). These changes are intended to enhance management efficiency, minimize overlapping functions, and improve the policy responsiveness of local governments.

Along with that, the restructuring of government agencies, such as the merger of the Ministry of Planning and Investment with the Ministry of Finance, has created a new Ministry of Finance with an expanded role, continuing to perform functions related to foreign investment and licensing business registration. A series of State agencies cut personnel, restructured the apparatus from tax authorities, social insurance, banks, and courts,.... These changes, while bringing long-term benefits such as reduced bureaucracy and processing time, in the short term can cause delays and confusion in the adaptation of businesses to these somewhat rapid changes.

Legal reform and promotion of economic development

Vietnam is also pushing for legal reforms to create a more favorable business environment. Tax incentives, such as the draft on corporate income tax incentives and value-added tax (VAT) reductions lasting until the end of 2026, are designed to stimulate domestic investment and consumption[3]. In addition, the Law on Electronic Transactions, the Law on Personal Data Protection, the Law on Digital Technology Industry, and the Resolution on the establishment of an international financial center are expected to take effect from the beginning of 2026, reflecting the efforts of the Government and the country in adapting to the digital economy and global technology development trends.

These reforms not only strengthen Vietnam's position as an attractive destination for foreign direct investment but also create opportunities for businesses in sectors such as manufacturing, technology, renewable energy, and logistics. However, businesses also face challenges in complying with new regulations, especially in the context of continuous administrative and legal changes.

HM&P supports businesses doing business in Vietnam

HM&P, with a team of lawyers with more than a decade of experience in the field of legal advice and related fields, has affirmed its position as a reliable partner of domestic and foreign businesses. In the context of rapid change, HM&P not only acts as a consultancy but also a strategic companion, helping businesses navigate challenges and take advantage of new opportunities from these changes.

People submit documents to carry out administrative procedures at the Public Administrative Service Center of Khanh Hoa Province. Source: Tuoi Tre Online

Supporting compliance with new legal regulations

Changes in administrative boundaries and government structures require businesses to quickly update regulations related to business registration, licensing, and other administrative procedures. HM&P goes beyond providing in-depth advisory services to  assist businesses in understanding new tax, labor, and data protection regulations, ensuring full compliance with legal requirements during the transition period, as well as the new development phase. In addition, we also implement training programs for businesses on personal data protection compliance activities. With new regulations on personal data protection and the Data Law coming into effect soon, HM&P is helping businesses build secure data management systems, especially for businesses operating in the technology and e-commerce sectors.

In addition, HM&P's team of lawyers always devotes itself to preparing easy-to-understand and simple legal information and knowledge to provide and guide businesses. These documents can be guidelines for administrative procedures, clarifying problems of businesses, sometimes a large, elaborate publication of hundreds of pages to solve practical problems of customers and businesses. This shows the commitment and relentless efforts of HM&P lawyers to accompany in sustainable and effective business activities. This information is always updated by us at the website: www.hmplaw.vn

Consulting on business and investment issues

Vietnam continues to be an attractive destination for FDI, with more than $4.33 billion in foreign investment in January 2025, up 48.6% year-on-year[4]. HM&P supports foreign investors through: (1) Consulting on business operations: legal issues arising in the business process of enterprises such as governance, banking, contracts with partners, labor,.. (2) Investment consulting, in this field, HM&P assists foreign enterprises in the process of legal due diligence, financial evaluation, and investment planning in Vietnam, ensuring compliance with the requirements of the Ministry of Finance and other relevant regulations such as expanding investment activities to new provinces or investing abroad. foreign.

HM&P's partnership with the business

HM&P's companionship not only helps businesses overcome short-term challenges, but also brings long-term benefits:

Firstly, it helps to enhance the competitiveness of customers

By optimizing costs, legal compliance, and the right investment structure, HM&P can help businesses improve their competitiveness in domestic and international markets, especially in international trade activities.

Second, helping sustainable development

HM&P encourages businesses to invest in sustainable sectors such as renewable energy and organic agriculture, in line with Vietnam's green development goals. At the same time, complying with current Vietnamese regulations is also a way for businesses to have long-term and long-term development strategies in today's complex and unpredictable business market.

Third, help customers build trust

With a team of experienced and dedicated lawyers, HM&P provides peace of mind and security so that businesses can focus on implementing new business strategies as well as navigating their operations in line with the changes in the context of Vietnam and the world.

Vietnam is undergoing far-reaching administrative, legal, and economic changes, and HM&P strives to be a reliable companion, providing quick and timely support for businesses to adapt and develop in the context of these many changes. With specific actions from detailed instructions, legal advice is suitable for the client's activities. We provide comprehensive solutions for businesses to not only overcome challenges and obstacles but also help businesses seize opportunities in this new period.