After more than 5 years of implementation, the Securities Law 2019 has contributed to creating a relatively complete legal framework for the Vietnamese stock market. However, the current economic, technological and capital market development requirements have changed significantly. It is worth noting that the amendment to the Securities Law being consulted by the Ministry of Finance in June 2026 is not a comprehensive reform like in 2019, but an amendment with very specific goals: removing legal bottlenecks to serve economic growth, upgrading the stock market and creating space for new financial models .
Many businesses believe that Initial Public Offerings (IPOs) officially start when the company offers shares to the public or lists them on the stock exchange. However, from the perspective of legal and corporate governance, IPOs actually started a long time ago. Even for many large-scale enterprises, the preparation process can take from two to three years before the date of submission to the State Securities Commission. Because when IPO, businesses not only sell shares to investors but also have to prove to the market that they are transparent enough, compliant enough and have enough management capacity to become a public company.
The Law on Investment 2025 and its guiding documents are making one of the most important changes to the mechanism for managing foreign investment flows into Vietnam. Not only amending the investment process, the new investment legal system also requires the redesign of the foreign exchange management mechanism to suit the mobilization practice of international capital flows and modern investment models.
The Law on Investment 2025 opens up a notable change for foreign investors: in some cases, investors can establish businesses before completing the procedures for issuing an Investment Registration Certificate (IRC). However, this flexibility also poses a new requirement: investors must design industries, capital structures, investment plans and compliance obligations right from the time the enterprise has not officially had a licensed investment project.
On March 31, 2026, the Government issued Decree 96/2026/ND-CP guiding the implementation of the Law on Investment 2025 (Decree 96), marking an important step forward in perfecting the legal framework for investment in Vietnam. In the context of competition to attract investment capital between countries, especially in the fields of high technology, digital economy and green economy, this Decree clearly shows the strong reform orientation in the direction of simplifying procedures, strengthening post-inspection and selecting high-quality capital flows of Vietnam.
Margin trading is a popular financial service that allows investors to buy securities with loans from securities companies, with the purchased shares and assets on the account as collateral. This service helps to increase purchasing power and amplify profits for investors, but at the same time amplifies risks. When the market fluctuates adversely, the value of collateral declines rapidly can lead to disputes over escrow contracts between investors and securities companies over the performance of obligations, handling of collateral, interest rates and compensation for damages.
The plaintiff argued that the bank had arbitrarily revalued the assets and extended the security obligation beyond the original agreement, while the bank invoked the provision on security for future obligations to affirm the validity of the mortgage contract. The appellate civil case No. 109/2024/DS-PT between Mr. Ha Anh D, Ms. Pham Thi Thanh T and K3 Commercial Joint Stock Bank related to the dispute over the mortgage contract for a third-party loan raises many important legal issues . In this article, we will clarify the role of the principles of transparency, voluntariness, and equality in contracting, especially clarifying the legality and limitation of the scope of the mortgage contract when performing the contract.
The Law on Investment 2025 was officially approved by the National Assembly on December 11, 2025, including 07 Chapters, 52 Articles and 04 Appendices that have replaced the Law on Investment 2020. The Law on Investment 2025 officially takes effect on March 1, 2026 with the expectation of removing administrative barriers, improving the quality of the investment and business environment, and improving competitiveness in attracting Vietnam's foreign investment capital in the new development period.
Collateral plays an important role in capital mobilization transactions at banks of enterprises. On the other hand, the right to seize collateral is an important support for the handling of bad debts of the banking system. The Law amending and supplementing a number of articles of the Law on Credit Institutions, which was approved by the 15th National Assembly, 9th session on June 27, 2025 and takes effect from October 15, 2025 (the amended Law on Credit Institutions) has added new regulations on the right to seize collateral of banks. On November 25, 2025, the Government also issued Decree No. 304/2025/ND-CP effective from December 1, 2025 regulating the conditions for collateral of bad debts to be seized (Decree 304).
Data centers, also known as Data Centers, are becoming one of the key digital infrastructure fields, attracting increasing attention from foreign investors in Vietnam. However, due to the specific nature associated with telecommunications infrastructure, information security and energy planning, the investment and business of data center services in Vietnam are governed by many different layers of law. In this article, we will clarify some important legal considerations that foreign investors need to pay special attention to when considering investing in this very attractive sector.
Vietnamese businesses are facing an unprecedented large-scale technical "screening" when the State Bank of Vietnam (SBV) officially issued Circular 77/2025/TT-NHNN. No longer general recommendations, this new legal document sets tough "technical barriers", forcing hundreds of thousands of businesses to change the way they manage cash flows and operate accounting systems as early as Q1 2026.
In the context of Vietnam's promotion of attracting high-quality FDI inflows and upgrading the legal framework on competition, the role of the Vietnam Competition Commission (VCC) in controlling economic concentration is becoming increasingly important. The prominent trend in the past few years has been the increase in the decisions of the VCC for "Conditional Economic Concentration". What is the reason for the VCC to make these decisions?