Legal Updates - Asia Legal

8 Oct 2025

VIETNAM ISSUES NEW STANDARD INDUSTRIAL CLASSIFICATION SYSTEM

On 29 September 2025, Deputy Prime Minister Hồ Đức Phớc signed Decision No. 36/2025/QĐ-TTg, officially promulgating the Vietnam Standard Industrial Classification (VSIC) – the comprehensive framework for defining and categorizing economic activities in Vietnam. The Decision will take effect from 15 November 2025. 🔹 Purpose and SignificanceNational statistical activities;Building administrative registries, national databases, and sectoral […]

18 Sep 2025

RESOLUTION NO. 05/2025/NQ-CP ON PILOT OF CRYPTO ASSETS MARKET IN VIETNAM

Resolution 05/2025/NQ-CP on piloting the crypto assets market in Vietnam officially establishes a pilot framework for the offering, issuance, trading, and provision of services related to crypto assets in Vietnam. Key contents of the Resolution include: 1. Scope, subjects, and definitions – Scope of regulation: piloting the offering, issuance of crypto assets; organizing the trading […]

16 Sep 2025

DRAFT LAW ON BUSINESS INVESTMENT: A SIGNIFICANT STEP IN REFORMING VIETNAM’S INVESTMENT ENVIRONMENT

Recently, the Ministry of Finance has been drafting the Law on Business Investment, a foundational legal document that serves as one of the important pillars for Vietnam’s future investment activities. This draft reaffirms Vietnam’s determination to build a transparent, favorable investment environment aligned with international standards. Some key highlights of the draft include: 1. Amending […]

23 Aug 2025

DECISION NO. 35/2025/QĐSST-KDTM OF THE PEOPLE’S COURT OF HO CHI MINH CITY ANNULLED VIAC ARBITRAL AWARD

DECISION NO. 35/2025/QĐSST-KDTM of the People’s Court of Ho Chi Minh City, dated February 26, 2025 is a typical and significant case in the practice of setting aside Arbitral awards in Vietnam. The Court annulled a VIAC arbitral award, determining that the dispute was civil in nature, not commercial, and therefore fell outside the statutory […]