Vietnam Introduces Sweeping Regulatory Changes Effective September 2026
The Vietnamese government has issued several new regulations and decrees that will take effect from September 2026. One of the key changes is in the realm of cryptocurrency, where organizations and individuals will face fines of up to 200 million VND for violating licensing requirements.
The decree stipulates that organizations must meet certain conditions to establish a commodity exchange, including having a registered capital of at least 1,500 billion VND and an information technology system that meets safety and security standards. The government has also prohibited the import of goods produced through forced labor from enterprises or countries that are not in compliance with international treaties.
Other changes include amendments to Decree No. 189/2025/ND-CP on administrative sanctions, which will take effect from September 26, 2026. Additionally, the Ministry of Finance has repealed 25 legal documents in the field of taxation as part of a review and streamlining process.
The government's aim is to create a more efficient and effective regulatory framework that aligns with international standards and promotes economic growth.