Law No 68/2025/QH15 on the Management and Investment of State Capital in Enterprises, which takes effect on August 1, 2025, replacing the 2014 version.

Under the new law’s Article 59, State-owned enterprises (SOEs) in which the state holds over 50% of the charter capital are required to review and amend their corporate charters and internal regulations to comply with the new provisions. The deadline for completion is December 31, 2026. During this transition, enterprises may continue to apply existing rules, provided they do not conflict with the new law.

The legislation also provides stability for ongoing business, allowing previously approved investment projects, restructuring plans, and loan agreements to proceed as planned. Additionally, State ownership representatives will have one year to re-determine the charter capital for all enterprises that are 100% State-owned.

Complementing the State capital law, Decree No 135/2025/ND-CP of the Government also becomes effective on August 1, 2025, establishing a new financial regime for credit institutions and foreign bank branches.

The decree, which replaces Decree 93/2017/NĐ-CP, permits these institutions to use their capital for business activities, capital restructuring, and asset investments.

However, these operations must adhere to strict safeguards, including ensuring capital adequacy, complying with deposit insurance regulations, establishing sufficient risk provisions, and maintaining current accounting and financial standards. Notably, credit institutions with any level of State ownership must also fully comply with the new Law on the Management and Investment of State Capital in Enterprises.

On June 9, the Government issued Decree No 119/2025/ND-CP, which amends previous regulations to establish a clear roadmap for Vietnam's carbon market.

Effective on August 1, 2025, the decree outlines a two-phased approach: from now until 2028, Vietnam will establish a National Registry System, launch a pilot carbon trading exchange, and implement mechanisms for carbon credit exchange. From 2029: the market will feature the auctioning of emission allowances and a comprehensive legal framework to prepare for integration with the global carbon market.

The Ministry of Finance's Circular 51, which will become effective on August 7, 2025, provides importers and exporters with four flexible electronic methods for paying taxes and duties, aiming to simplify and modernize the process.

Decree 188, which implements the 2024 Law on Health Insurance, will take effect on August 15, 2025. The decree introduces several new provisions aimed at strengthening and expanding insurance benefits for various groups of citizens.