Effective 18 December 2025, Decree 324/2025/ND-CP establishes comprehensive financial policies for Vietnam’s International Financial Center (IFC), including significant corporate and personal income tax incentives and the permission to use international accounting standards. The Decree also sets forth specific licensing rules for securities, insurance, and equity crowdfunding platforms, alongside a 'sandbox' mechanism for fintech innovation.

Government of Vietnam issued Decree No. 329/2025/ND-CP, providing regulations on foreign exchange management, anti-money laundering (AML), counter-terrorism financing (CTF), and counter-proliferation financing within the International Financial Centre (IFC) of Vietnam. This Decree establishes a specialised financial-security and monetary regulatory framework, aligned with international standards, governing banking operations and cross-border financial transactions conducted within the IFC.

The Government of Vietnam has just issued Decree No. 327/2025/ND-CP, regulating entry, exit and residence policies for foreigners working at the International Financial Center in Vietnam. This Decree establishes a separate, flexible and preferential legal mechanism to attract strategic investors, experts, managers and high-quality human resources to participate in long-term operations at the International Financial Center.

The Government of Vietnam has just issued Decree No. 326/2025/ND-CP, regulations on land and environment that apply exclusively to the International Financial Center in Vietnam, creating an important legal foundation to attract foreign businesses and investors.

Promulgated in late 2025, Decree No. 328/2025/ND-CP of the Government of Viet Nam establishes the legal framework for the establishment and operation of the International Arbitration Centre (“IAC”) within the International Financial Centre in Viet Nam. Implementing the legislative orientations of the National Assembly, the Decree sets out a dispute resolution mechanism for investment and commercial matters in accordance with international standards, while systematically regulating jurisdiction, arbitral procedures, and procedural rules, as well as prescribing specific exceptions applicable in certain circumstances. 

Decree No. 323/2025/ND-CP is a legal instrument promulgated by the Government of Viet Nam on 18 December 2025, providing for the establishment of the International Financial Centre (“IFC”) in Viet Nam, operating in Ho Chi Minh City and Da Nang City. The Decree aims to develop key financial sectors, attract investment, promote the application of financial technology (fintech) and professional financial services, with the objective of developing an IFC of regional and global significance. The Decree comprises seven chapters and twenty-three articles, setting out detailed provisions and implementation guidelines for Articles 8 and 9 of Resolution No. 222/2025/QH15

On 18 December 2025, the Government promulgated Decree No. 330/2025/ND-CP regulating the establishment, organization, and operation of commodity exchanges within the International Financial Centre in Vietnam (“Decree 330”). This Decree was issued to implement Resolution No. 222/2025/QH15 of the National Assembly and to establish a specialized legal framework governing commodity trading activities within the International Financial Centre.

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).