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Circular 38/2026/TT-NHNN: Key considerations regarding foreign exchange management for foreign investment in Viet Nam

To specify regulations governing foreign exchange management for foreign investment activities in Viet Nam, on July 31, 2026, the State Bank of Vietnam issued Circular 38/2026/TT-NHNN (Circular 38). Circular 38 takes effect on August 18, 2026. This article analyzes several key highlights that foreign investors and member enterprises within the Viet Nam International Financial Center should take note of.

Decree 342/2026/ND-CP: Notable changes to goods trading activities of foreign investors and foreign-invested economic organizations in Viet Nam

On September 3, 2026, the Government issued Decree 342/2026/ND-CP detailing the Law on Commerce and the Law on Foreign Trade Management regarding goods trading activities and activities directly related to goods trading of foreign investors and foreign-invested economic organizations in Viet Nam (Decree 342). Decree 342 takes effect on October 18, replacing Decree 09/2018/ND-CP and repealing Article 36 of Decree No. 146/2025/ND-CP. This article analyzes several noteworthy points that may affect foreign investors and foreign-invested economic organizations.

Decree 96/2026/ND-CP: Opportunities and legal considerations for foreign investors

On March 31, 2026, the Government issued Decree 96/2026/ND-CP providing details and guidelines for implementation of certain provisions of the Law on Investment (Decree 96), effective from the date of issuance, replacing Decree 31/2021/ND-CP. This Decree introduces and refines numerous provisions, offering greater procedural flexibility for investment activities while also clarifying market access conditions and targeted investment incentive policies. Some key changes under Decree 96 that investors should be aware of when implementing investment activities in Viet Nam are analyzed in this article.

New policy can change owner limit approach

Attracting international investment flows into state-owned enterprises by increasing foreign ownership limits will bring equal treatment between domestic and overseas investors. Tran Thi Thanh Huyen, partner at NHQuang&Associates, discusses the bottlenecks in the equitisation process and how important the revision of the relevant laws to international ventures is.