On 25 November 2025, the Government issued Decree No. 306/2025/ND-CP (“Decree 306”), which amends several provisions of Decree No. 156/2020/ND-CP on administrative sanctions in the securities and securities market (“Decree 156”) and Decree No. 158/2020/ND-CP on derivative securities and the derivative securities market (“Decree 158”). Decree 306 is scheduled to take effect on 9 January 2026.

In the context of the country pursuing the goal of "The era of raising" to promote Vietnam's economic development, many policies have been extensively reformed to attract investment. Among these, the renewable energy industry is growing rapidly, as each additional GDP growth requires corresponding electricity supply. Many foreign investors have also seen great prospects in this field and decided to "pour money" into Vietnam. However, in 2023, after inspecting several renewable energy projects that did not have Certificate of Completion of Constructions (CCA) before the Commercial Operation Date (COD), the Ministry of Industry and Trade issued a new circular — Circular 10/2023/TT-BCT to regulate this activity. This raised the reality that many projects would be affected as they would not enjoy the initial FIT price level. This article will briefly outline similar international lessons on Investor-State Dispute Settlement (ISDS) by Spain when sued by investors through the International Centre for Settlement of Investment Disputes (ICSID).

Mr. Phung Anh Tuan, Managing Partner of VCI Legal, Vice President of VAFI, and Secretary General of FICAC, delivered a keynote presentation titled “The Brave New Laws on Digital Assets and International Financial Centers in Vietnam.”

n mid-October 2025, the U.S. Department of the Treasury, in coordination with FinCEN and the UK Foreign, Commonwealth & Development Office, unveiled a sweeping set of sanctions targeting crypto-related online fraud and forced-labor networks across Southeast Asia. The most prominent name on the list is the Prince Group, a Cambodia-based conglomerate now designated as a Transnational Criminal Organization (TCO). According to the Treasury’s press release, the group allegedly operated vast online scam compounds where trafficked workers were coerced into running “pig-butchering” investment schemes involving cryptocurrency transactions.

On March 19, 2025, the Government issued Decree No. 69/2025/NĐ-CP (“Decree 69”), amending and supplementing a number of provisions of Decree No. 01/2014/NĐ-CP dated January 3, 2014. This Decree aims to establish a legal framework for attracting, controlling, and supervising foreign investment capital in the restructuring of the credit institution system.

A circulating draft decree sets out a comprehensive framework for banks operating in Vietnam’s planned International Financial Centers (IFCs), covering licensing, prudential limits, foreign-exchange management, and AML/CFT/CPF obligations across 13 chapters.

The Government has recently enacted Decree No. 94/2025/ND-CP, which governs the controlled regulatory sandbox within the banking sector, facilitating the deployment of new products, services, and business models utilising financial technology (Fintech) in a secure, transparent, and restricted testing environment via the application of technology solutions. 

On 6 November 2024, the Ministry of Finance issued Circular No. 76/2024/TT-BTC regulating the information disclosure and reporting regime for the domestic and international placement and transactions of private corporate bonds. Circular 76 takes effect from 26 December 2024.

Ngày 06/11/2024, Bộ Tài chính ban hành Thông tư số 76/2024/TT-BTC quy định về chế độ công bố thông tin và chế độ báo cáo về chào bán, giao dịch trái phiếu doanh nghiệp riêng lẻ trong nước và quốc tế.  Thông tư 76 có hiệu lực kể từ ngày 26/12/2024.