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During the process of enterprise dissolution, tax finalization and the fulfillment of tax obligations are mandatory and decisive steps. The enterprise must prepare and submit the tax finalization dossier to the competent tax authority within the statutory deadline, while fully discharging its obligations relating to tax declarations, tax payments, invoices, and other relevant liabilities. Only upon confirmation from the tax authority that all tax obligations have been duly fulfilled may the enterprise proceed with the dissolution procedures at the business registration authority.
On July 1, 2025, the Prime Minister issued Decision 20/2025/QD-TTg, officially announcing the list of important data and core data of Vietnam. This is an important step in the context that Vietnam is promoting digital transformation, building e-Government and protecting cyber security according to the Data Law 2024. The list clearly distinguishes which types of data are considered critical and which are considered core data with different protection requirements. With 26 types of core data and 43 types of important data, this Decision reflects the State's priority in protecting national interests, security and socio-economic development.
To complete the enterprise dissolution process, the company is required by law to carry out procedures for terminating all investment projects it is currently implementing. There are various methods to terminate an investment project during dissolution; however, within the scope of this article, we will address matters relating to the option of terminating an investment project through the investor’s voluntary termination.
In the era of digital transformation and international integration, cross-border data transfer, including personal data, is becoming increasingly essential, playing an important role in the economy, trade and management. Vietnam has developed two important legal documents to regulate this activity: the Data Law 2024 passed by the National Assembly on November 30, 2024, effective from July 1, 2025) and the Law on Personal Data Protection 2025 adopted on June 26, 2025, which will take effect from January 1, 2026. While both laws are intended to govern and protect data, their scope and focus differ. If the Data Law 2024 regulates all digital data, treating data as a national asset, while the Personal Data Protection Law 2025 focuses on protecting personal privacy.
Dissolution of an enterprise is the last step to close the entire business operation process, and at the same time terminate the legal existence of the enterprise. In this process, the termination of the tax identification number and the completion of tax finalization are not only mandatory procedures but also a condition for completing the dissolution dossier at the business registration office. However, the practice of implementation at local tax authorities shows that there are still technical and procedural "bottlenecks" at the tax stage, causing the dissolution process to be prolonged and the plan to terminate the operation of the enterprise is significantly affected.
In mergers and acquisitions (M&A) transactions, escrow agreements are an important tool to manage financial risks, ensure transparency and protect the interests of the parties involved. Escrow agreements establish a neutral mechanism in which a third party (usually a bank or law firm) holds and manages a sum of money or assets until specific conditions are met.
In the context that Vietnam is promoting national digital transformation and deep integration into the global economy, cyberspace has become an important driving force for economic and social development, but at the same time, it also poses many challenges in cybersecurity. The Draft Law on Cyber Security 2025, developed to consolidate the Law on Cyber Information Security 2015 and the Law on Cyber Security 2018 (the "Draft"), not only aims to protect national sovereignty in cyberspace but also create significant changes in the business environment, especially for businesses operating in the fields of information technology, network services, and cybersecurity. This article will analyze the impacts of the draft law on business operations, from simplifying administrative procedures, improving the business environment, to new challenges that businesses need to face.
In the context of the constantly fluctuating investment environment and the business strategy of the enterprise is constantly adjusted to adapt to reality, terminating business activities - although not a desirable option - can still become a necessary decision for investors. In fact, the process of dissolving an enterprise not only requires thorough legal preparation but also requires business leaders to be fully aware of legal responsibilities, financial obligations and related administrative procedures
According to the provisions of Decree 69/2024/ND-CP, accounts issued by the National Public Service Portal and the information system for handling administrative procedures at ministerial and provincial levels to agencies and organizations can only be used until the end of June 30, 2025. Although businesses can still continue to carry out administrative procedures with these accounts, switching to using VNeID level 2 electronic identification accounts is necessary, not only to meet the regulations on deadlines, but also to gradually change the mindset of approaching public services in the direction of digitalization. synchronize and authenticate user identities.
A reverse merger is a form of merger and acquisition (M&A) in which a private company or subsidiary of a group of parent and subsidiary companies (consisting of multiple companies) merges into a target company (usually a publicly listed company), and the target company becomes a surviving corporation after the merger. This mechanism allows the buyer to gain control of the target company without issuing new shares to the public, while ensuring that the legal structure and operations of the target company are maintained after the merger.
On June 27, 2025, the National Assembly of the Socialist Republic of Vietnam passed Resolution No. 222/2025/QH15 on the establishment of the International Financial Center (Vietnam IFC) in Ho Chi Minh City and Da Nang (Resolution 222). Resolution 222 takes effect from September 1, 2025. This is a strategic move to create a conducive environment for international financial activities, attract foreign investment, and promote innovation. Vietnam IFC is expected to become a competitive financial center in the region, making an important contribution to Vietnam's economic development and international integration in the new period.
The Land Law 2024, passed by the National Assembly and effective from August 1, 2024, marks an important step forward in the reform of land management and use in Vietnam. The Land Law, when promulgated and enforced, carries with it a lot of expectations of people and businesses about the State's management of one of the most valuable assets and has a special position in society. However, after only one year of implementation, the Government has proposed to amend and supplement a number of articles of this Law to submit to the National Assembly for approval at the next October session. The Draft Amendment to the Land Law 2024 (the "Draft Amendment") is formulated to institutionalize the Party's guidelines, solve practical problems and be in line with the two-level local government organizational model.
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