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).
The Vietnam Business Forum Human Resources Working Group (HRWG) is conducting a survey to gather insights from HR professionals on the work permit processes for expatriates in Vietnam.
In preparation for the Annual Vietnam Business Forum and aim to enhance the advocacy activities of the VBF Human & Resources Working Group, VBF invites your valuable input for our upcoming technical meetings with relevant authorities on Human Resources-related topics. These discussions will address key issues such as work permits and visas for foreigners in Vietnam.
The Ministry of Labor, Invalids, and Social Affairs (MOLISA) has recently responded to various issues raised at the Annual VBF in March 2024, including work permit, recruitment of foreign labour, etc.
On November 13, 2024, the Australian Chamber of Commerce in Vietnam (AusCham) participated in an important meeting with Mr. Nguyen Dinh Viet, Chairman of Son La Province and former Vice Chairman of the National Assembly Economic Committee.
VBF Tax and Customs Working Group is calling inputs on Customs and Tax-Related Issues to prepare for the upcoming biannual dialogue with the General Department of Customs and the General Department of Taxation
