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- HM&P: Vietnam International Law Firm
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Insights
On June 26, 2025, the National Assembly of Vietnam passed the Law on Personal Data Protection 2025 (PDPL 2025), which will take effect from January 1, 2026, marking an important step forward in perfecting the legal framework for personal data protection in Vietnam. Along with Decree 13/2023/ND-CP (PDPD 2023), which came into effect on July 1, 2023, these regulations set new and stricter requirements for businesses to process personal data. In the context of strong digital transformation, personal data has become a valuable asset but also a target of abuse, from information leakage to unauthorized trading. So what do businesses need to do to comply with new legal requirements, mitigate risks and maintain a competitive advantage? This article will analyze the necessary preparation steps, from reviewing internal processes to implementing technical, legal, and administrative measures.
The Ministry of Industry and Trade of Vietnam has proposed to amend Decree 31/2018/ND-CP, a document detailing the Law on Foreign Trade Management on the origin of goods, issued on March 8, 2018 (Decree). This Decree regulates the rules of origin for exports and imports, ensuring compliance with international trade agreements and domestic regulations. In draft 2, the Ministry of Industry and Trade emphasizes the amendment of the Decree to address new challenges in global trade, strengthen compliance with international commitments and promote measures to combat origin fraud.
The continuous development of capital markets, mergers and acquisitions (M&A) transactions have become an important part of the development strategy of many businesses. However, these transactions often come with great risks associated with inaccurate or incomplete information from the seller's side. From the recent dispute between AEON Financial and SeABank in the acquisition of PTI Insurance Company, AEON, we will analyze the regulation of the commitment and compensation (W&I) insurance mechanism to highlight the important role of this regulation in mitigating risks for the parties as well as assessing the applicability of this provision in Vietnam.
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.
On June 26, 2025, at the 9th session, the 15th National Assembly of Vietnam officially approved the Law on Personal Data Protection (the PDPL), marking an important milestone in building a legal framework for personal data protection in the context of strong digital transformation. The PDPL with 39 articles, effective from January 1, 2026, is divided into 5 chapters, not only meeting the internal needs for the protection of citizens' rights but also in line with international trends in personal data management.
The Draft Decree regulating the management of cosmetics in Vietnam (Draft) is currently being developed with the goal of enhancing the efficiency of state management, protecting consumer rights and ensuring the quality of cosmetic products circulating on the market. The draft Decree is expected to create a transparent, synchronous and feasible legal corridor. However, through the process of consultation and research, we realized that many contents in the Draft still have inadequacies that need to be adjusted to suit international practices and practices. This article will analyze the points that need to be amended in the Draft Decree, and at the same time make specific recommendations to complete this document.
This article outlines frequent errors and compliance guidance for enterprises employing foreign workers in Vietnam, covering issues such as intra-corporate transfers, work permit applications, remote work, multi-location assignments, dual nationality cases, and reissuance procedures.
In the context of global digital transformation, personal data has become an important resource, especially in the labor sector, where personal information of employees and candidates is regularly collected, processed, and stored. In Vietnam, the Draft Law on Personal Data Protection (Draft), especially Article 21 , is designed to establish a legal framework for personal data protection in the recruitment and management of workers. This regulation reflects Vietnam's efforts to integrate with international standards, such as the European Union's General Data Protection Regulation (GDPR), and meet the requirements for privacy protection in the context of Vietnam.
In fact, many businesses in Vietnam have not really complied with the regulations on the governance model, which can bring legal risks and sanctions from the competent authorities. Therefore, understanding and complying with the regulations on the corporate governance model is something that businesses cannot take lightly. In this article, we will analyze the regulations on the governance model of limited liability companies ("LLC") and joint stock companies ("JSC") in accordance with current laws, thereby emphasizing the importance of compliance. At the same time, we also outline the potential risks that businesses may face when they do not comply or do not fully comply with these regulations.
Dangerous goods are goods that contain dangerous substances or articles when transported on roads that are likely to endanger human life, health, the environment, national safety and security.
Import consignment is a popular method in the pharmaceutical industry in Vietnam, helping businesses optimize resources and take advantage of the expertise of entrusted units to import drugs. However, as in the case of the dispute between Vidipha Central Pharmaceutical Joint Stock Company (Vidipha), Nhat Duc Pharmaceutical Joint Stock Company (Nhat Duc), and E.U.R.O.L.I.N.K Pharmaceutical Joint Stock Company (Eurolink) in Judgment No. 105/2024/KDTM-PT dated May 7, 2024, the import entrustment may lead to serious legal disputes if not implemented in accordance with regulations fix.
In the field of mergers and acquisitions (M&A), disputes related to share/stake transfer contracts are not uncommon, especially when issues arise of misinformation or breach of contract. The case between AEON Financial Service (AEON Financial) and Southeast Asia Commercial Joint Stock Bank (SeABank) related to the acquisition of Post and Telecommunications Finance Company (PTF) worth VND 4,300 billion is a typical example of these disputes. So what is the basis for AEON Financial to cancel this transaction with SeaBank?
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