Eight new policies will take effect from June 2025.
In June, a series of new policies, such as regulations on electronic invoices for household businesses and individual entrepreneurs; restructuring of the inspection apparatus; and policies for senior experts, will come into effect.
1. From June 1st, 2025, new regulations regarding invoices and supporting documents will take effect.
Accordingly, Decree 70/2025/ND-CP, issued by the Government, takes effect from June 1, 2025, to amend and supplement several articles of Decree 123/2020/ND-CP.
According to Decree 70/2025/ND-CP, there are several notable points such as:
- Tax and fee receipts are integrated into electronic invoices for buyers.
- It is prohibited to forge invoices or fail to transfer data to the tax authorities as required.
- Adding new regulations on invoice usage.
2. Replace existing contract templates related to derivative securities.
Article 2 of Circular 14/2025/TT-BTC replaced Form No. 01 and Form No. 02 of the Appendix issued with Circular 58/2021/TT-BTC with two new forms:
Form No. 01: Clearing and settlement entrustment contract between non-clearing members and general clearing members.
Form No. 02: Contract for opening a derivatives trading account between a securities company and a client.
3. Cases where union fee collection is suspended.
According to Section 1 of Official Letter 4133/TLD-ToC 2025, the organization, executive committee, standing committee, and inspection committee of higher-level trade unions and grassroots trade unions in administrative agencies, enterprises, public service units receiving 100% state budget salaries, and the armed forces will be reorganized, dissolved, downgraded, and cease operations in accordance with Resolution 60-NQ/TW of 2025.
The process of dissolving the trade union organization and ending the activities of the executive committee, standing committee, and inspection committee mentioned above must be completed before June 15, 2025.
The collection of union dues and union fees for union members and grassroots unions in administrative agencies, public service units receiving 100% of their salaries from the state budget, and the armed forces (not subject to the Vietnam Trade Union's membership) will cease from June 1, 2025.
4. From June 15, 2025, dismissal will be added as a disciplinary measure for those responsible for handling administrative violations.
Clause 20 of Article 1 of Decree 93/2025/ND-CP added Article 29a after Article 29 of Decree 19/2020/ND-CP, stipulating the additional disciplinary measure of dismissal in the enforcement of laws on handling administrative violations applicable to officials in one of the following cases:
- He has been disciplined with dismissal from his position and has re-offended;
- First-time violations causing particularly serious consequences, including cases such as: Failure to promptly amend, supplement, revoke, or issue new decisions upon discovering errors or violations in administrative sanctions; Incomplete or inaccurate implementation of conclusions from inspections on the enforcement of laws regarding administrative violations…
5. From June 15, 2025, the regulations and policies for senior experts will take effect.
The Government has issued Decree No. 92/2025/ND-CP regulating the regime and policies for senior experts, applicable to Party and State agencies at the central level. The Decree takes effect on June 15, 2025.
According to the decree, the applicable subjects include officials, civil servants, and public employees; retired individuals; and those working outside the political system (not on the payroll of agencies or organizations within the political system), including both Vietnamese and foreign nationals.
Senior experts must meet the qualifications and conditions stipulated in Regulation No. 180-QD/TW dated July 11, 2024, of the Secretariat of the Central Committee. Regarding the regime and policies, senior experts who are cadres, civil servants, or public employees, upon appointment, will cease to hold their previous positions and will be classified according to the senior expert salary scale issued with Decree 204/2004/ND-CP.
Specifically: In cases where the individual holds a leadership or management position with a position allowance coefficient of 0.9 or less, or does not hold a position, they will be classified at salary level 1 (coefficient 8.80) and receive benefits equivalent to a Senior Leadership Assistant.
Those with an allowance coefficient between 1.0 and 1.25 will be classified at salary level 2 (coefficient 9.40) and will receive benefits equivalent to the position of Deputy Minister. Those with an allowance coefficient of 1.30 or higher will be classified at salary level 3 (coefficient 10.0) and will receive benefits equivalent to the position of Minister.
If the new salary coefficient is lower than the total old salary coefficient, the senior specialist will receive the retained differential coefficient.
In addition, based on work performance and financial capacity, the agency employing senior experts may apply other policies and regulations such as bonuses and support for working conditions.
6. From June 15, 2025, the Circular guiding the management of labor, wages, and bonuses in state-owned enterprises will come into effect.
Accordingly, Circular 003/2025/TT-BNV, issued by the Ministry of Interior, provides detailed guidance on labor management, wages, remuneration, and bonuses as stipulated in Decree 44/2025/ND-CP, with the following key points:
- Principles of labor and wage management
According to Article 3 of Circular 003/2025/TT-BNV, the principles for managing labor, wages, remuneration, and bonuses are based on profit targets, labor productivity, and profit margins. For non-profit enterprises, the total revenue minus total expenses indicator is used instead.
- Salary scale and payroll management
According to Article 4 of Circular 003/2025/TT-BNVRegulations require businesses to develop and issue salary scales, salary tables, and salary allowances in accordance with regulations. Annually, businesses need to review and adjust salary levels to ensure compliance with regulations.
- Regulations regarding bonuses and benefits
According to Articles 17 and 18 of Circular 003/2025/TT-BNV, bonuses and benefits for employees, the Executive Board, Board Members, and Supervisors shall be implemented in accordance with regulations, based on the salary level from the actual salary fund.
7. From June 16, 2025, foreign investors are only allowed to open one indirect investment account at one bank.
According to point c, clause 2, Article 5 of Circular 03/2025/TT-NHNN, foreign investors who are investment organizations under foreign governments or foreign investors who are investment and financial organizations belonging to international financial organizations of which Vietnam is a member may open additional indirect investment accounts corresponding to the assigned securities trading codes. For each investment portfolio deposited at a custodian bank that has been assigned 01 (one) securities trading code, 01 (one) corresponding indirect investment account may be opened.
8. From June 20, 2025, the method of submitting reports to the State Securities Commission will be adjusted.
Clause 3 of Article 1 of Circular 20/2025/TT-BTC amends and supplements several articles in Clause 10 of Article 7 of Circular 51/2021/TT-BTC as follows:
- Reports as stipulated in Clauses 1, 2, 3, 4, 5, 6, and 7 of Article 7 of Circular 51/2021/TT-BTC shall be submitted electronically through the foreign investor activity management system of the State Securities Commission and must be stored for a minimum of 5 years.
In cases where it is impossible to submit reports through the State Securities Commission's foreign investor activity management system due to force majeure reasons such as network or server failures, inability to use digital certificates, and other force majeure reasons, reporting entities are responsible for submitting reports in paper form along with electronic data files and notifying the State Securities Commission of the reason for being unable to submit the report through the system.
Immediately after resolving the force majeure situation, the reporting entity is responsible for submitting a full report on the foreign investor activity management system of the State Securities Commission.”
