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FC Market Views
Vietnam’s mid-2025 policy shift shows a unified, pro-innovation approach across tax, legal, financial, and administrative systems — marking a pivotal moment for investment, tech growth, & global competitiveness.
Implication for Stakeholders
Some standout regulatory developments from the first half of 2025 in Vietnam are featured in the upcoming pages — explore what they mean for businesses and investors.
1. Resolution No. 68-NQ/TW
Issued by the Politburo on May 4, 2025, Resolution 68 outlines Vietnam’s long-term vision to make the private sector the main driver of the economy by 2045. The regulation provides clearer objectives for direct and indirect foreign capital flows, along with strong support for SMEs and startups across the nation.
Foreign Direct Investment (FDI)
- Regulation streamlining for investment approval, land access, customs & business registration for easy manufacturing setup & regional expansion.
- Targeted incentives for renewable energy, high-tech manufacturing, logistics, digital services & green infrastructure.
Indirect Foreign Investment (FII)
- Capital markets deepening through IPOs, bond issuance & SOE equitization push, and improved disclosures for stronger governance.
- Enhancing ESG frameworks to attract responsible capital from Europe, North America and ESG-focused Asia-Pacific funds.
Startups & SMEs Support
- Simplified tax systems and expense incentives, with a 30% cut in administrative burdens.
- Land access support includes dedicated land in industrial parks & 30% rental off for the first 5 years.
- Preferential financing for research & development; high-tech, digital, and green transformation.
- Stronger legal and policy support for early-stage investment, co-investment, and VC participation.
2. Digital Technology Industry Law
First standalone dedicated digital tech law globally, passed June 14, 2025; effective January 1, 2026, focusing on AI, digital assets, & data services.
Digital Technology Incentives & Support
- 50% subsidy for tech acquisition & prototype development.
- Long-term tax reductions for tech transfer & local collaboration.
- Import duty exemptions for R&D and high-tech equipment.
- Infrastructure & procurement support.
- Workforce development includes tax exemptions for local tech talent, streamlined entry. for foreign experts, and government-backed digital training.
Emerging Sectors
3. Fintech Regulatory Sandbox
On April 29, 2025, the Vietnamese Government issued Decree 94/2025/NĐ-CP, establishing the first controlled sandbox mechanism for FinTech solutions in the banking sector.
Eligible solutions for testing include credit scoring, Open APIs, and peer-to-peer lending (P2P lending). The Sandbox trial is limited to a maximum of 2 years, within Vietnam territory, and supervised by the State Bank of Vietnam (SBV).
Eligible solutions for testing include credit scoring, Open APIs, and peer-to-peer lending (P2P lending). The Sandbox trial is limited to a maximum of 2 years, within Vietnam territory, and supervised by the State Bank of Vietnam (SBV).
Implications
4. Da Nang: A New FTZ & Tech Hub
Vietnam’s First Free Trade Zone (FTZ) Sets Institutional Breakthrough
Institutional Breakthrough: Vietnam’s first Free Trade Zone marks a bold shift toward open, innovation-driven economic zones with integrated production, logistics, and digital hubs across 1,881 ha.
Strategic Regional Hub: Positioned on key transport corridors, Da Nang is set to become a logistics and trade gateway for Asia-Pacific.
Strategic Regional Hub: Positioned on key transport corridors, Da Nang is set to become a logistics and trade gateway for Asia-Pacific.
Tech Ecosystem – Emerging Innovation and Digital Finance Hub
Da Nang is positioning itself as a national AI and semiconductor hub, backed by strong policy, infrastructure, and talent. Strategic partners like FPT and Marvell are anchoring R&D, while universities scale up semiconductor training.
Hosting Super Vietnam 2025, a global tech conference, highlights Da Nang’s emergence as a tech capital. The city is leveraging policies like financial sandboxes and regulatory reforms to incubate next-gen technologies including AI, Web3, and blockchain.
Hosting Super Vietnam 2025, a global tech conference, highlights Da Nang’s emergence as a tech capital. The city is leveraging policies like financial sandboxes and regulatory reforms to incubate next-gen technologies including AI, Web3, and blockchain.
Source: VGP News, Vietnam Briefing, Vietnam Investment Review, Tech In Asia, Vietnamnet Global, Dantri.com, VN Express International