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Legal Update: Venture Capital Fund – Decree No. 210/2025/ND-CP be effective on September 15, 2025
On July 21, 2025, the Government issued Decree No. 210/2025/ND-CP (Decree 210/2025), which amends and supplements a number of articles of Decree 38/2018/ND-CP on investment in small and medium-sized startup enterprises. The new decree came into effect on September 15, 2025.
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DA NANG TRIALS BASAL PAY - A BLOCKCHAIN SOLUTION FOR TRAVELERS
On 26 August 2025, the People’s Committee of Da Nang officially approved the controlled trial of Basal Pay, a software application using blockchain technology for domestic transfers by foreign tourists.
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KEY PROVISIONS IN REAL ESTATE BUSINESS CONTRACT UNDER THE LAW ON REAL ESTATE BUSINESS
Law on Real Estate Business No. 29/2023/QH15 (“Law on Real Estate Business”) has prescribed the principles of using model contracts for real estate project investors and real estate businesses when establishing real estate business contracts.
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CAN SMALL AND MEDIUM ENTERPRISES IN STRUCTURE OF SUBSIDIARIES, AFFILIATES ENJOY CORPORATE INCOME TAX INCENTIVES?
The amended Law on Corporate Income Tax (“Amended CIT Law”) was passed by the National Assembly on June 14, 2025, and will take effect from October 1, 2025. The law introduces provisions on tax rates for small-sized and micro enterprises, as well as criteria for application to promote the development of these types of enterprises, in line with the orientation set out in the Law on Support for Small and Medium Enterprises (“SMEs”).
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ISSUING THE WORK PERMIT FOR FOREIGNERS: FASTER AND SIMPLER THAN EVER BEFORE
To attract highly qualified and skilled foreign employees to work in Vietnam and contribute to the development of a high-quality workforce for Vietnam in its era of advancement, the Government has promulgated Decree No. 219/2025/ND-CP on foreign employees working in Vietnam (“Decree 219”), which shall officially take effect on 7 August 2025 to replace Decree No. 152/2020/ND-CP dated 30 December 2020 and Decree No. 70/2023/NĐ-CP dated 18 September 2023.
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LEGAL ISSUES IN TRANSFERING OFF PLAN HOUSING SALE AND PURCHASE AGREEMENTS
The transfer of off plan housing purchase and sale contracts (“Off Plan Housing SPA”) is a common type of transaction for homebuyers in the secondary market. A buyer who has entered into a off plan housing sale and purchase agreement with a developer prior to submitting the application dossier for the issuance of the Certificate of Land Use Rights, Ownership of Residential Housing and Assets Attached to Land (“Certificate”) has the right of transfer the contract to another purchaser, based on the legal grounds stipulated in the Law on Real Estate Business.
Date Submitted: 07 - 08 -2025
