New regulations on e-banking transactions have a profound impact on business operations
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.
Is Vietnam's strategy for controlling economic concentration changing?
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?
What Fintech businesses need to do to participate in the peer-to-peer lending pilot mechanism
In this article, we will analyze in detail and clarify the legal requirements, prerequisites, and dossiers and application process for participating in the Regulatory Sandbox for Peer-to-Peer Lending solutions in Vietnam according to the latest regulations of the Government and relevant guidelines of the State Bank of Vietnam (SBV).
Decree 306/2025/ND-CP strictly handles violations in the issuance of individual shares of enterprises
Stocks are securities that confirm the legitimate rights and interests of the owner to a part of the issuer's share capital. The issuance and private placement of shares is a strategic activity for businesses to achieve the important dual goal of increasing charter capital and finding investors for the company. However, if this activity does not comply with legal regulations, regardless of whether due to weak management capacity or intentional wrongdoing of the business/manager, it will cause damage to investors.
Amendments to the Law on Insurance Business 2022: Towards a more transparent, competitive and secure market
In the context that Vietnam's insurance market has entered a period of strong volatility after more than two years of implementation of the Law on Insurance Business 2022, with many high-profile cases related to bancassurance, contract disputes, governance capacity and information transparency requirements, The revision of the legal framework is becoming an urgent need. In particular, as the economy enters a new growth cycle and Vietnam continues to expand its service market in line with international commitments, the insurance industry is forced to upgrade its operating mechanisms to meet expectations for efficiency, safety and compliance.
Common errors in information disclosure activities of public companies in Vietnam
Information disclosure activities are the core foundation to ensure transparency and fairness of the securities market. For public companies, compliance with disclosure obligations is not only a mandatory legal requirement but also a measure of the quality of corporate governance. However, violations of time and information quality are still considered a common type of violation in the Vietnamese stock market.
Legal procedures for investment in industrial parks in Vietnam
The industrial park model is formed and developed in association with the context and requirements of the periods of implementation of the economic development strategy. According to a report by the Department of Management of Economic Zones, Ministry of Planning and Investment (now the Ministry of Finance), as of July 2024, Vietnam has 301 industrial parks ("IPs") that have been put into operation, attracting a large amount of investment capital, especially capital inflows from foreign direct investors.
Conversion conditions in convertible bond purchase contracts are important regulations that businesses need to pay attention to
In the context of the rapid development of the technology industry, especially in emerging markets such as Vietnam, convertible notes have become a popular fundraising tool for startups and technology companies. Convertible bonds allow businesses to access capital without immediately diluting ownership, while also providing investors with the opportunity to convert the loan into shares in the future. One of the most important elements of a convertible bond purchase agreement is the conversion condition, which stipulates when and how the debt can be converted into shares. This article will analyze in detail the aspects that businesses need to keep in mind when developing and negotiating transition conditions, from the practices from the contracts of BatteryXchange, Inc. and DoorDash , to help businesses optimize benefits and minimize risks.
Important changes in the Draft amendment to the State Bank's foreign loans repayment circular
Foreign loan repayment activities of enterprises play an important role in mobilizing capital for development. On September 30, 2022, the State Bank of Vietnam (SBV) issued Circular No. 12/2022/TT-NHNN (Circular 12), guiding foreign exchange management for foreign loans and repayment of foreign debts of enterprises not guaranteed by the Government. This Circular focuses on reforming administrative procedures, supplementing regulations on asset security, handling cases of separation of enterprises and improving the reporting regime. After more than two years of implementation, Circular 12 has contributed to perfecting the legal basis and creating favorable conditions for businesses to access foreign capital.
Some solutions to promote technology capital contribution in Vietnam in the coming time
In order to promote technology capital contribution activities in Vietnam, and at the same time minimize risks for parties, it is necessary to improve both the legal framework and the enforcement mechanism. Here are some of the recommendations of HM&P Law Firm ("HM&P") for this activity:
Practice of contributing capital with technology in Vietnam
Resolution No. 68-NQ/TW dated 4 May 2025 of the Politburo on private sector development requires the timely formulation and improvement of laws as well as breakthrough mechanisms and policies to promote private sector growth in priority areas, particularly investment in research and development, the application of science and technology, innovation, and digital transformation. This is defined as a national strategy with the ambition of reaching regional and global levels, while fostering innovative entrepreneurship and legitimate wealth creation based on a strong and widespread foundation of indigenous technological advancement.
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