New policies relating to economic management taking effect in August include updated regulations on capital and asset management at credit institutions, the rollout of a domestic carbon market, and requirements for state-owned enterprises to revise their charters.

New rules for managing capital and assets at credit institutions

The government has issued Decree No. 135/2025/ND-CP on financial regulations for credit institutions, branches of foreign banks, and the supervision of state capital investments in credit institutions with state ownership.

Effective from August 1, this decree replaces Decree No. 93/2017/ND-CP.

Decree 135 clarifies regulations on capital structure, asset utilization, profit distribution, investment in fixed assets, share transactions, and capital safety in credit institutions.

The decree also requires institutions to ensure capital safety, participate in deposit insurance, establish risk provisions, and comply with existing accounting and financial regulations.

Domestic carbon market rollout begins August 1

The government issued Decree No. 119/2025/ND-CP, amending Decree No. 06/2022/ND-CP on greenhouse gas emissions reduction and ozone layer protection. A key amendment involves the timeline for launching the domestic carbon market.

From now until the end of 2028, Vietnam will focus on establishing a national registry, piloting a carbon trading platform, and implementing carbon credit exchange mechanisms. Efforts to raise awareness and build capacity for carbon market operations will also be scaled up.

Starting in 2029, Vietnam will implement auction mechanisms for greenhouse gas emissions quotas and finalize the legal framework to manage carbon credits and regulate the domestic market, aiming to join the global carbon market.

Decree 119 takes effect on August 1.

State-owned enterprises with over 50% state capital must revise charters

The new Law on Management and Investment of State Capital in Enterprises takes effect on August 1, replacing the 2014 version. It imposes significant new obligations, especially on companies in which the state holds more than 50% of charter capital.

According to Article 59, these enterprises must review and revise their operating charters, financial regulations, and internal rules to align with the new law no later than December 31, 2026.

During the transition period, current regulations may be applied provided they do not conflict with the new law.

Data sharing in electronic transactions between government agencies

The government also enacted Decree No. 194/2025/ND-CP to guide implementation of the Law on Electronic Transactions. Effective from August 19, it regulates national databases, data sharing, and open data usage in state agency transactions.

Under the decree, data generated by one government agency must be shared with others unless explicitly restricted by law. Agencies generating data are responsible for its sharing; sectoral authorities at the local level may access relevant data; and shared databases must be accessible to equivalent-level entities aligned with their duties.

Accelerated digitalization of tax payments for import-export goods

On June 24, the Ministry of Finance issued Circular No. 51, effective August 7, detailing electronic procedures for tax payments involving exported, imported, and in-transit goods and vehicles.

Taxpayers may make electronic tax payments via the customs e-payment portal; through partner banks or intermediary service providers authorized to collect; through banks both partnered and authorized by the State Treasury; or through non-partnered banks or service providers.

Hanh Nguyen