The new policy will take effect from November 2025.
Starting in November 2025, a series of new regulations will come into effect, directly impacting the fields of finance, insurance, administration, environment, and electronic payments. Below are some key points that citizens, businesses, and regulatory agencies need to be aware of.
1. Tighten control over electronic money transfers.
From November 1st, 2025, Circular 27/2025/TT-NHNN of the State Bank of Vietnam officially comes into effect, requiring reporting for domestic electronic money transfer transactions of VND 500 million or more, and international transactions of USD 1,000 or equivalent.
Specifically, Article 9 of the Circular stipulates the reporting regime for electronic money transfer transactions to the Anti-Money Laundering Department using electronic data, including:
- Domestic electronic money transfer transactions: Transactions with a value of VND 500 million or more, or the equivalent value in foreign currency, where all participating financial institutions are located in Vietnam.
- International electronic money transfer transactions: Electronic money transfer transactions involving at least one financial institution outside Vietnam, conducted in countries or territories outside Vietnam, with a value of US$1,000 or more, or the equivalent in other foreign currencies.
However, if the reporting entity is a financial institution acting as an intermediary in electronic money transfer transactions, it is not required to submit the above report.
The report includes the following information: Information about the initiating and beneficiary financial institutions; information about individual or institutional customers participating in electronic money transfers; transaction information; and other information as requested by the Anti-Money Laundering Department from time to time…
The goal is to strengthen supervision, prevent money laundering, and ensure the safety of the financial system.
2. Four cases that are not considered evasion of mandatory social insurance contributions.
Regulations on late payment and evasion of mandatory social insurance and unemployment insurance contributions; and complaints and denunciations regarding social insurance are issued by the Government in Decree 274/2025/ND-CP, effective from November 30, 2025.
Specifically, the cases of evading mandatory social insurance contributions as stated in Article 4 of this Decree include:
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Storms, floods, inundations, earthquakes, major fires, prolonged droughts, and other natural disasters directly and severely affect production and business activities.
A dangerous epidemic is declared by a competent state agency, causing serious impact on the production, business activities, and financial capacity of agencies, organizations, and employers.
An emergency is a sudden and unexpected impact on the operations of agencies, organizations, and employers when the State declares a state of emergency.
Other force majeure events as stipulated by civil law and accompanying documentation must be submitted before the 25th of the month in which the social insurance agency issues a written reminder for consideration of waiving penalties for violations.
3. Updating the Vietnamese economic classification system.
Decision 36/2025/QD-TTg, effective from November 15, 2025, promulgates the new Vietnamese economic classification system comprising 5 levels, with a total of 743 sectors at level 5. This update helps standardize the classification of economic activities, increases the comparability of data with international standards, and serves statistical and policy planning purposes.
Accordingly, the Vietnamese Economic Classification System ensures a comprehensive reflection of economic activities taking place within the territory of Vietnam and ensures international comparability, and includes: the List of Vietnamese Economic Sectors (Appendix I); and the Content of Vietnamese Economic Sectors (Appendix II).
The basic structure and numbering system in the Vietnamese Economic Classification System consists of 5 levels, with the following classifications for each sector:
- Level 1 fields: Consists of 22 fields, listed alphabetically from A to V;
- Level 2 sectors: Comprising 87 sectors, each formed according to its corresponding Level 1 sector, and each sector is assigned a two-digit code from 01 to 99;
- Level 3 industries: Comprising 259 industries, formed according to each corresponding Level 2 industry, and each industry is assigned a three-digit code from 011 to 990;
- Level 4 industries: Comprising 495 industries, each formed according to its corresponding Level 3 industry code, and each industry assigned a four-digit code from 0111 to 9900;
- Level 5 industries: Comprising 743 industries, each formed according to its corresponding Level 4 industry code, and each industry assigned a four-digit code from 01110 to 99000.
4. New contract template for civil servants and administrative units
Circular 16/2025/TT-BNV (effective November 16, 2025) of the Ministry of Interior stipulates the mẫu contract for services with individuals and legal entities, and the labor contract for the performance of duties by civil servants.
Specifically, the contract templates issued with Circular 16/2025/TT-BNV include:
- Service contracts with individuals: Sample Service Contract for the performance of duties by civil servants (signed with individuals); Sample Termination Agreement for Service Contracts for the performance of duties by civil servants (signed with individuals)
- Employment contracts with civil servants: Sample employment contract for civil servants performing their duties; Sample termination agreement for employment contracts for civil servants performing their duties.
- Service contracts with legal entities: Sample service contract for performing duties of civil servants (signed with legal entities - organizations, businesses, agencies); Sample contract termination agreement for performing duties of civil servants (signed with legal entities).
Agencies and units need to review and adjust forms according to the new regulations to ensure legal compliance during the signing and liquidation of contracts.
5. Supplementing regulations regarding documentation for cashless payments.
Circular 30/2025/TT-NHNN (effective November 18, 2025) requires users to present valid identification documents when conducting cashless transactions during the use of payment services.
Accordingly, the identification documents used in this Circular for cashless payments have changed compared to Clause 10, Article 3 of Circular 15/2024/TT-NHNN, including:
- Vietnamese citizens: Citizen ID card, Citizen ID card, or Electronic Identity Card (Old regulation: Abolished the National Identity Card and Citizen ID certificate).
- For individuals of Vietnamese origin whose nationality is undetermined: A certificate of Vietnamese origin issued by a competent authority (Previous regulation: Added a certificate of Vietnamese origin).
- Foreigners residing in Vietnam: Passport or identity verification document issued by a competent foreign authority, or document accompanying the entry visa, visa substitute document, document proving exemption from entry visa, or electronic identity (via level 2 electronic identification account, if available).
This regulation helps to enhance security and identity verification in transactions.
6. Promulgating three new environmental technical standards.
The Ministry of Agriculture and Environment issued Circular 01/2025/TT-BNNMT (effective November 14, 2025), comprising three new standards: QCVN 26:2025 on noise, QCVN 27:2025 on vibration, and QCVN 43:2025 on sediment quality.
If the facility or investment project continues to apply QCVN 26:2010/BTNMT, QCVN 27:2010/BTNMT… until December 31, 2026, it will be allowed to continue applying QCVN 26:2010/BTNMT, QCVN 27:2010/BTNMT… until December 31, 2026, if it falls under one of the following cases: The facility has commenced operation; the investment project has received a decision approving the results of the environmental impact assessment report/has had its complete and valid dossier received by the competent state agency.
Specifically, these two cases require the assessment of environmental impact reports, issuance of environmental permits, or environmental registration before November 14, 2025.
From November 14, 2025, investment projects must comply with the regulations in QCVN 26:2025/BNNMT and QCVN 27:2025/BNNMT.
Projects approved before November 14, 2025, may continue to apply the old standards until the end of 2026. This is an adjustment aimed at raising environmental protection standards to better suit current practices.
Overall, November 2025 marks a significant shift in policy implementation, with many regulations coming into effect, tightening management and increasing transparency. Organizations, businesses, and citizens need to closely monitor the situation to adapt to the new regulations in a timely manner.
