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Initial Foreign Exchange Transaction Registration for Outbound Investment Activities Not Subject to Outbound Investment Registration Certificate

In 2026, Circular 34/2026/TT-NHNN established a specific procedure for investors conducting outbound investment activities that are not required to obtain an  Outbound Investment Registration Certificate  ( “OIRC” ).   Although not required to carry out the procedure for obtaining an Outbound Investment Registration Certificate, investors must pay particular attention to the initial foreign exchange transaction registration procedure prior to transferring capital abroad, as follows:   1. Cases Not Required to Obtain an OIRC (Article 18, Decree 103/2026/ND-CP)   – Outbound investment projects with an outbound investment capital of less than VND 7 billion and not falling under conditional outbound investment sectors as prescribed in Clause 1, Article 41 of the Law on Investment. – Outbound investment projects related to national defense and security, implemented pursuant to agreements between the Government of Vietnam and foreign governments as prescribed in Po...
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56 conditional business lines removed under Resolution No. 66.17/2026/NQ-CP

On 15 May 2026, the Government issued  Resolution No. 66.17/2026/NQ-CP  (“ Resolution 66.17 ”) on the removal and amendment of conditional business lines set out in Appendix IV to the Law on Investment 2025. Effective from  1 July 2026 to 28 February 2027 ,  the Resolution marks a significant step in Vietnam’s ongoing reform of its investment and business regulatory framework.   1. Removal of 56 conditional business lines   Pursuant to  Resolution 66.17 , the number of conditional business lines has been reduced from  198 to 142 ,  representing the removal of   56 conditional business lines .   The reduction primarily covers service sectors, including:   Finance, accounting and commerce:  business services relating to tax procedures; customs brokerage services; insurance auxiliary services; commercial assessment services; temporary import for re-export of goods subject to special consumption tax; temporary import for re-export of frozen food; temporary import for re-export of ...
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A Comprehensive Guide to Document Retention Periods for Enterprises in Vietnam

Under Vietnamese law, there is no single, uniform retention period applicable to all corporate records, documents, and data. Instead, document retention obligations are governed by various sector-specific regulations, with different retention periods applying depending on the nature, purpose, and legal function of each document.   For non-state economic organizations, documents generated during the course of business operations are classified as private archival documents under the Law on Archives 2024 . Pursuant to this Law, enterprises are responsible for organizing and maintaining their archival systems in a manner appropriate to their operational needs, internal governance framework, applicable laws, and relevant international practices. Accordingly, while certain categories of documents are subject to mandatory statutory retention requirements, enterprises retain considerable discretion in establishing internal document management and retention policies.   In practice, determini...
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Breakthrough M&A opportunities at the International Financial Centre (IFC) under Resolution No. 222/2025/QH15

Mergers and Acquisitions (M&A) of enterprises and financial institutions are the “lifeblood” driving cross-border capital flows. Within the special legal framework established under Resolution No. 222/2025/QH15 on Vietnam’s International Financial Centre (“Resolution 222”), M&A activities at Vietnam’s International Financial Centre (IFC) are not merely commercial transactions but are positioned as strategic tools to attract global capital, promote integration, and establish large-scale financial groups. From a legal perspective, M&A capital inflows into Vietnam’s IFC are expected to be significantly stimulated by the following revolutionary changes:   I. No restrictions on foreign ownership ratio   Ordinarily, pursuant to Section B, Appendix I of Decree No. 96/2026/ND-CP (“Decree 96”), core sectors such as insurance, banking, securities business, and related services are classified as sectors subject to market access restrictions. Accordingly, foreign investors particip...
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