On 26 November 2024, following the program of the 8th session of the 15th National Assembly, the amended Value Added Tax Law was officially passed, including significant changes which will take effect on 1 July 2025. The provision regarding the revenue threshold for households and individual business entities not subject to tax will take effect from 1 January 2026.
The Ho Chi Minh City has officially addressed the issues raised during the Policy Dialogue between business community and the Ho Chi Minh City and Southern Provinces' competent authorities in September 2024.
On 30 November 2024, the National Assembly of Vietnam has officially adopted the new law on electricity ("New Electricity Law"). The New Electricity Law will take effect from 1 February 2025 and replace the current electricity law (together with consolidated prior amendments).