The 2025 Law on Investment, effective from March 1, 2026, marks a significant adjustment in Vietnam’s policy framework for attracting foreign capital. Rather than being merely technical amendments, the new law directly impacts how foreign investors enter the market, structure investment projects, and plan long-term strategies. For investors considering entering the Vietnamese market or currently operating projects in Vietnam, the following changes may directly influence investment plans.

The event brought together professionals and experts from a wide range of fields across Europe, the Americas, Africa, and Asia, providing a valuable opportunity for in-person engagement and enhanced collaboration after years of cross-border connection.

 

In an era of accelerating digital connectivity, the convention reaffirmed the importance of face-to-face engagement and genuine human interaction as essential foundations for trust, collaboration, and sustainable global relationships.

 

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On March 7, 2025, the Government issued Resolution No. 44/2025, granting visa exemption to citizens of 12 designated countries. Eligible individuals may stay in Vietnam for 45 days from the date of entry, regardless of passport type or purpose of entry, provided they meet Vietnam’s legal entry requirements. This visa exemption policy applies from March 15, 2025, to March 14, 2028, and may be extended in accordance with Vietnamese law.

Starting from July 1st, biometric information such as fingerprints and facial recognition will be required to finalise transactions of VNĐ10 million (US$391) or more, according to Decision No 2345 by the State Bank of Viet Nam (SBV).

Vietnam has officially extended the reduction of value-added tax (VAT) from 10 percent to 8 percent until December 31, 2024. This extension is detailed in Decree 94/2023/ND-CP, in line with Resolution No. 110/2023/QH15. Additionally, the Vietnamese government issued Decree 72/2024 on June 30, 2024, under Resolution 142/2024/QH15, providing implementation guidelines. The decree took effect on July 1, 2024, and will remain in force until the end of the year.

Asia Business Consulting is proud to announce that our General Director, Ms. Hoang Thu Huyen, has been appointed as the President of the Asia Pacific region of the Worldwide Independent Lawyers League (WILL) for a six-month term from July to December 2024. This prestigious appointment is a testament to Ms. Huyen's exceptional leadership and her significant contributions to the legal and business consulting fields.

On June 30, 2024, the Vietnamese Government issued two critical decrees: Decree 73/2024/ND-CP, which addresses the adjustment of the base salary, and Decree 74/2024/ND-CP, which focuses on the new minimum wage rates. Both decrees became effective on July 1, 2024.

As Vietnam's economy continues to thrive and its stunning landscapes attract global attention, an increasing number of foreigners are considering Vietnam as their long-term residence. However, navigating the legal aspects of an extended stay can be complex. This comprehensive guide aims to simplify the process by outlining the various visa options available for individuals planning to stay long-term in Vietnam.

Following two years marked by the challenges of COVID-19 and an associated economic slowdown, Vietnam demonstrated resilience and robust recovery in 2022, achieving a GDP growth rate of 8%. In 2023, the economy continued its positive trajectory with a GDP growth rate of 5.1%, and projections indicate further expansion to between 6% and 6.5% in 2024. This positions Vietnam as one of the fastest-growing economies in Southeast Asia.

Over the past three decades, Vietnam has consistently recorded annual GDP growth rates ranging from 5.3% to 7.8%, transitioning the country from extreme poverty to a lower middle-income status. A significant driver of this economic transformation has been international trade, which contributes to 70-80% of Vietnam's GDP.

Vietnam has actively pursued and established trade agreements with numerous global partners, bolstering its confidence in sustaining economic growth and fostering expanded trade relations in the years to come.