PROFESSIONAL NEWSLETTER NOVEMBER 2025

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SUMMARY OF LEGAL DOCUMENTS

PROFESSIONAL NEWSLETTER NOVEMBER 2025

INTRODUCTORY SECTION:

NOVEMBER 2025 BUSINESS UPDATE

The November 2025 Professional Newsletter updates new legal policies on investment, taxation, invoices and documents, labor, salaries, social insurance, and other related fields. Key highlights include the new Vietnamese Standard Industrial Classification, stricter regulations on late payment of social insurance contributions, adjustments to personal income tax family deductions, various tax incentives for the private sector and innovative start-ups, as well as requirements for non-cash payments and increases in regional minimum wages from 2026, helping businesses and individuals stay informed and compliant with legal regulations.

SUMMARY TABLE:

No. Title, reference number, date of issuance and effective date Content

PART I: LEGAL POLICY ON INVESTMENT
1 Decision No. 36/2025/QĐ-TTg dated 29/9/2025 of the Prime Minister promulgating the Vietnamese Standard Industrial Classification (effective from 15/11/2025)

 

 On 29 September 2025, the Prime Minister issued Decision No. 36/2025/QĐ-TTg on the new Vietnamese Standard Industrial Classification, effective from 15 November 2025, applicable to agencies, organizations and individuals using this system. The VSIC is designed to serve state statistical activities, data management and related state administration, ensuring comprehensive reflection of economic activities and international comparability. The classification consists of five levels, from Level 1 to Level 5, with detailed descriptions specifying included and excluded activities, thereby updating emerging industries, clarifying sector structures, and supporting both state authorities and enterprises in business registration, investment implementation, and legal compliance.

PART II: LEGAL POLICY ON TAXATION, INVOICES AND DOCUMENTS, HUMAN RESOURCES – SALARIES – SOCIAL INSURANCE
1 Decree No. 274/2025/NĐ-CP dated 16/10/2025 of the Government detailing a number of provisions of the Law on Social Insurance concerning late payment and evasion of compulsory social insurance and unemployment insurance, and complaints and denunciations related to social insurance (effective from 30/11/2025) Decree No. 274/2025/NĐ-CP dated 16 October 2025, effective from 30 November 2025, details regulations on late payment and evasion of compulsory social insurance and unemployment insurance. From 30 November 2025, enterprises that delay social insurance contributions for more than 60 days and fail to remedy the violation as required by the social insurance authority will be deemed to have evaded contributions and handled in accordance with the law.
2 Resolution No. 110/2025/UBTVQH15 dated 17/10/2025 of the Standing Committee of the National Assembly on adjustment of personal income tax family deduction levels (effective from 01/01/2026) Resolution No. 110/2025/UBTVQH15 dated 17 October 2025, effective from 01 January 2026, adjusts the personal income tax family deduction levels, setting the deduction at VND 15.5 million per month (VND 186 million per year) for taxpayers and VND 6.2 million per month for each dependent.
3 Resolution No. 198/2025/QH15 dated 17/05/2025 of the National Assembly on a number of special mechanisms and policies for the development of the private economy (effective from 01/01/2026) Resolution No. 198/2025/QH15 dated 17 May 2025, effective from 01 January 2026, introduces various tax and fee incentives to promote the private economy, including the termination of business license fees; tax exemptions and reductions for small and medium-sized enterprises, innovative start-ups, experts and scientists; recognition of training costs as deductible expenses; and the abolition of the presumptive tax method for household and individual businesses from 2026.
4 Circular No. 110/2025/TT-BTC dated 19/11/2025 of the Ministry of Finance regulating the rates, collection regime, and remittance of appraisal fees for the issuance of licenses for karaoke and discotheque (nightclub) business operations (effective from 05/01/2026) Circular No. 110/2025/TT-BTC dated 19 November 2025 of the Ministry of Finance (effective from 05 January 2026) stipulates the rates, collection and remittance of appraisal fees for the issuance of licenses for karaoke and discotheque business operations. Accordingly, the appraisal fee for a Certificate of Eligibility for karaoke services is VND 1,000,000 per room, capped at VND 6,000,000 per license per appraisal, while the fee for discotheque services is VND 10,000,000 per license per appraisal. For license amendments, the appraisal fee is VND 500,000 per license in cases of change of ownership and VND 1,000,000 per additional room (capped at VND 6,000,000 per license per appraisal) for karaoke services.
5 Decision No. 3509/QĐ-CT dated 17/11/2025 of the Tax Department on promulgating the Code of Conduct for taxpayers Decision No. 3509/QĐ-CT dated 17 November 2025 of the Tax Department promulgates the Code of Conduct for taxpayers, setting out ethical standards, professional demeanor and responsibilities of tax officials in the performance of public duties. Accordingly, tax officials are required to strictly comply with laws and regulations, devote themselves to serving individuals and enterprises, properly perform assigned duties with integrity and professionalism, possess sound legal knowledge and professional expertise, strictly observe discipline and confidentiality requirements, actively combat violations of tax laws and other legal violations, and maintain appropriate attire and professional conduct when interacting with taxpayers.
6 Official Dispatch No. 5846/CT-CS dated 25/11/2025 of the Tax Department on value-added tax (VAT) policy Official Dispatch No. 5846/CT-CS dated 25 November 2025 of the Tax Department provides guidance on value-added tax policy in respect of deferred or installment payments for goods and services with a value of VND 5 million or more. Accordingly, if by the payment due date under the contract or its appendices the business entity does not have non-cash payment documents, it must declare and adjust to reduce the corresponding deductible input VAT in the tax period when the payment obligation arises. Where the enterprise subsequently obtains valid non-cash payment documents, it is entitled to re-declare and deduct the input VAT in accordance with applicable regulations.
7 Official Dispatch No. 5486/CT-CS dated 25/11/2025 of the Tax Department on tax policies Official Dispatch No. 5486/CT-CS dated 25 November 2025 of the Tax Department provides guidance on corporate income tax, value-added tax, and non-cash payment documents. Accordingly, with respect to CIT incentives applicable to enterprises granted Investment Registration Certificates from 01 July 2025 following the merger of provincial-level administrative units, the Tax Department agrees with the proposal of the Vinh Long Provincial Tax Department on the basis of Resolution No. 202/2025/QH15. In addition, regarding VAT refunds, the Tax Department notes that it has upgraded its information technology system pursuant to Decree No. 181/2025/NĐ-CP to support the verification of sellers’ tax declaration and payment status, and for deferred or installment payments of VND 5 million or more without timely non-cash payment documents, enterprises must reduce previously deducted input VAT and may re-deduct such VAT once valid non-cash payment documents are obtained in accordance with regulations.
8 Official Dispatch No. 10287/BNV-CTL&BHXH dated 06/11/2025 of the Ministry of Home Affairs on reporting the situation of wages, bonuses, and labor relations in enterprises Official Dispatch No. 10287/BNV-CTL&BHXH dated 06 November 2025 of the Ministry of Home Affairs requests the Departments of Home Affairs of provinces and centrally governed cities to closely monitor production and business activities, employment, wages, bonuses, and labor relations in enterprises; to strengthen communication and inspection of compliance with labor laws; to promptly address violations; and to proactively prevent labor disputes and strikes, particularly during the 2026 New Year and Lunar New Year holidays. The Dispatch also guides enterprises to review and adjust labor contracts, collective labor agreements, and wage and bonus regulations; requires enterprises to formulate 2025 bonus plans in accordance with Article 104 of the Labor Code and notify employees accordingly; and assigns the Departments of Home Affairs to survey wage levels, wage arrears, labor relations, and Tet bonus plans and submit consolidated reports to the Ministry of Home Affairs by 25 December 2025.
9 Decree No. 293/2025/NĐ-CP dated 10/11/2025 of the Government regulating the minimum wage for employees working under labor contracts (effective from 01/01/2026) Decree No. 293/2025/NĐ-CP dated 10 November 2025 of the Government regulates the minimum wage applicable to employees working under labor contracts, effective from 01 January 2026, and provides for an increase in regional minimum wages nationwide. Accordingly, the monthly and hourly minimum wages are prescribed for four regions as follows: Region I – VND 5,310,000 per month and VND 25,500 per hour; Region II – VND 4,730,000 per month and VND 22,700 per hour; Region III – VND 4,140,000 per month and VND 20,000 per hour; Region IV – VND 3,700,000 per month and VND 17,800 per hour.
10 10. Decree No. 320/2025/NĐ-CP dated 15/12/2025 of the Government guiding the implementation of the Law on Corporate Income Tax (effective from 15/12/2025)

 

 Decree No. 320/2025/NĐ-CP dated 15 December 2025 of the Government, guiding the implementation of the Law on Corporate Income Tax and effective from 15 December 2025 (applicable from the 2025 CIT tax period), provides that enterprises may deduct expenses when determining taxable income if such expenses are actually incurred in connection with production and business activities (including R&D expenses deductible up to 200%), supported by lawful invoices and documents, and accompanied by non-cash payment documents for purchases of goods and services valued at VND 5 million or more. For purchases from individuals or household businesses, non-cash payment is mandatory where the daily purchase value reaches VND 5 million or more. Expenses not yet paid may be temporarily deductible; however, if payment is later made without non-cash payment documents, enterprises must declare an adjustment to reduce deductible expenses in the tax period in which cash payment occurs.

PART III: OTHER LEGAL POLICIES
1 Circular No. 27/2025/TT-NHNN dated 15/09/2025 of the State Bank of Vietnam guiding the implementation of a number of provisions of the Law on Anti-Money Laundering (effective from 01/11/2025) Circular No. 27/2025/TT-NHNN dated 15 September 2025 of the State Bank of Vietnam, guiding the implementation of a number of provisions of the Law on Anti-Money Laundering and effective from 01 November 2025, requires reporting to the Anti-Money Laundering Department for domestic electronic fund transfers valued at VND 500 million or more and international transfers valued at USD 1,000 or more, subject to certain reporting exemptions. The Circular also excludes card-based payment transactions and certain transactions between financial institutions from reporting obligations, and sets out requirements and documentation for credit institutions when delivering or receiving gold bullion from customers.