Cao Duy

The second quarter of 2025 continues to see a notable uptick in competition and consumer protection activity across Southeast Asia. Regulators in the region have shown themselves to be firmly in the driver's seat in terms of enforcement efforts and merger control, demonstrating active oversight of proposed transactions and commercial behaviour.

Introduction On 17 February 2025, the Ministry of Finance (“Ministry“) issued an official letter in response to inquiries from the People’s Committee of Dong Nai Province and the Dong Nai Tax Department. This letter provides critical guidance on the applicable value- added tax (“VAT“) rate for transactions where a domestic enterprise sells goods to a foreign trader with a presence in Vietnam, who then directs their delivery to a third-party Vietnamese enterprise via a bonded warehouse.

Introduction The Vietnamese government has issued a series of decrees to implement the 2024 Electricity Law ("Electricity Law"). The decrees took effect from the date of their issuance, and replaced/revoked several decrees, including decrees recently issued in 2024. These decrees are: 1.