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Decree 239/2025/ND-CP: What investors should pay attention to when carrying out investment activities from September 3, 2025

On September 3, 2025, the Government issued Decree 239/2025/ND-CP (Decree 239) amending and supplementing a number of articles of Decree 31/2021/ND-CP providing details and guidelines for the implementation of certain articles of the Law on Investment. Decree 239 takes effect from the date of promulgation. Decree 239 is issued for multiple objectives, such as providing detailed guidelines for the Law on Investment amended and supplemented in 2025, addressing difficulties and obstacles encountered in the implementation of investment laws, etc.

Amendment to the Decree guiding the Law on Investment: Simplifying procedures, unlocking resources for economic development

To ensure simultaneous enforcement with the Law amending eight laws, the Ministry of Finance has been assigned to preside over the drafting of a decree amending and supplementing a number of articles of Decree 31/2021/ND-CP, which details and guides the implementation of the Law on Investment, under fast-track order and procedures. The Draft aims to resolve difficulties and obstacles, unlock resources, create the most favorable conditions for enterprises, and enhance the effectiveness and efficiency of state management in investment and business activities.

New highlights on opening and using Vietnamese Dong accounts for foreign indirect investment activities in Viet Nam

To upgrade and develop the Vietnamese stock market, simplify procedures and dossier, and facilitate foreign investors when participating in the stock market, on April 29, 2025, the State Bank of Viet Nam promulgated Circular 03/2025/TT-NHNN regulating the opening and use of Vietnamese Dong accounts for foreign indirect investment activities in Viet Nam, replacing Circular 05/2014/TT-NHNN (Circular 05). Circular 03 takes effect from June 16, 2025.

New regulations on investor selection for implementation of projects subject to bidding

On February 27, 2024, the Government issued Decree 23/2024/ND-CP providing details for several articles and measures for implementing the Law on Bidding on investor selection for projects subject to bidding as prescribed by specialized laws (Decree 23). Decree 23 is issued to complete the legal framework on investor selection to implement business investment projects in accordance with new regulations of the Law on Bidding 2023.

Outstanding points on sea encroachment activities

On April 16, 2024, the Government issued Decree No. 42/2024/ND-CP providing detailed regulations on sea encroachment activities (Decree 42). This Decree is formulated and promulgated with the aim of providing detailed guidelines for Article 190 of the Law on Land 2024 and applies to agencies, organizations, and individuals involved in sea encroachment activities, except for activities serving national defense and security purposes.

Some notable regulations on management and development of industrial clusters

On March 15, 2024, the Government issued Decree 32/2024/ND-CP regulating the management and development of industrial clusters. Decree 32/2024/ND-CP, upon its effectiveness on May 1, 2024, will replace Decree 68/2017/ND-CP and Decree 66/2020/ND-CP amending and supplementing a number of articles of Decree 68/2017/ND-CP.