[Legal Update] "Vietnam Introduces New Business Procedure Framework"

Vietnam Introduces New Business Procedure Framework

On June 30, 2025, the Government enacted Decree No. 168/2025/ND-CP (the “New Decree”), which comprehensively regulates various business procedures. The New Decree, effective July 1, 2025, replaces Decree No. 01/2021/ND-CP and introduces key procedural and compliance changes aimed at enhancing business transparency and streamlining digital registration processes.

While there is a lot of information contained in the New Decree, we highlight, in particular, the following key takeaways:
 

1.  Beneficial Ownership Framework Now Fully Established with New Decree

The New Decree completes sets of new regulations affecting beneficial owners introduced under the Law on Enterprises as amended in 2025. This marks a major step toward corporate transparency and aligns Vietnam’s regulations with international standards on anti-money laundering.

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