November, 2025 Newsletter
December 19th,2025
New points regarding the determination of land levy and land rent in specific cases
On November 06th, 2025, the Government issued Decree No. 291/2025/ND-CP (“Decree 291”) amending and supplementing a number of articles of Decree No. 103/2024/ND-CP dated July 30th, 2024 of the Government regulating land levy and land rent, and Decree No. 104/2024/ND-CP dated July 31st, 2024 of the Government regulating the Land Development Fund. Accordingly, some new provisions of Decree 291 when determining land levy and land rent in specific cases are as follows:
· For projects with multiple decisions to adjust the detailed planning by competent state agency in accordance with regulations, the land levy is calculated as follows:
o In cases the land user requests and the competent state agency decides to adjust the detailed planning of the project in accordance with regulations, without changing the land use structure, the location of each type of land, and without increasing the land use coefficient, then no land levy will be charged when the detailed planning of the project is changed; in cases the land use structure or the location of each type of land is changed, or the land use coefficient is increased, the land levy shall be calculated at each time the decision to adjust the detailed planning of the project is made in accordance with regulations, to calculate the total land levy payable at the final adjustment of the detailed planning of the project;
o In cases the land user has fulfilled their financial obligations regarding land levy, but due to management requirements, the competent state agency decides to adjust the detailed planning of the project, the land levy will be calculated based on the final detailed planning and the detailed planning for which the land user has already fulfilled their financial obligations regarding land levy (including the initial detailed planning of the project).
· Regarding land levy during the transitional period: The additional amount that land user must pay for the period not yet calculated according to point d clause 2 Article 257 of the Land Law 2024 is calculated at a rate of 3.6%/year on the land levy payable as determined according to clause 2 Article 257 of the Land Law 2024 (previously 5.4%/year as stipulated in Decree 103/2024/ND-CP).
Minimum wage by region from January 01st, 2026
On November 10th, 2025, the Government issued Decree No. 293/2025/ND-CP (“Decree 293”) regulating the minimum wage for employees working under labor contracts, effective from January 01st, 2026.
Decree 293 applies to employees working under labor contracts and employers as defined by the Labor Code, including enterprises, agencies, organizations, cooperatives, households, and individuals who hire labor. Additionally, other agencies, organizations, and individuals involved in implementing the minimum wage are also subject to the provisions of this Decree.
Decree 293 sets the monthly minimum wage and hourly minimum wage for employees working for employers by region as follows:
| Region | Monthly Minimum Wage (VND/month) |
Hourly Minimum Wage (VND/hour) |
| Region I | 5,310,000 | 25,500 |
| Region II | 4,730,000 | 22,700 |
| Region III | 4,140,000 | 20,000 |
| Region IV | 3,700,000 | 17,800 |
Criteria for enterprises implementing electronic equipment manufacturing projects to enjoy corporate income tax incentives
On November 15th, 2025, the Minister of Science and Technology issued Circular No. 33/2025/TT-BKHCN stipulating the criteria for enterprises implementing electronic equipment manufacturing projects to enjoy corporate income tax incentives. Accordingly, an enterprise implementing an electronic equipment manufacturing project is eligible for corporate income tax incentives if it meets one of the following 04 criteria:
1. Criterion on the use of semiconductor chip products designed, manufactured or packaged and tested in Vietnam in the project's electronic equipment products, which is satisfied in one of the following cases:
(i) Using semiconductor chip products whose design is owned by Vietnamese organizations, enterprises or individuals who are Vietnamese citizens. Ownership is established through self-design, hiring others, including Vietnamese individuals, to perform the design or purchasing the design from other entities.
(ii) Using semiconductor chip products manufactured or packaged and tested at factories or production lines in Vietnam.
2. Criterion on scientific research, technological development and innovation, where the enterprise must simultaneously meet the following two requirements:
(i) The enterprise must have a department for scientific research, technological development and innovation with at least 10 personnel holding university degrees or higher. At least 50% of the personnel in this department must be Vietnamese citizens.
For small and medium-sized enterprises as defined under the Law on Support for Small and Medium-Sized Enterprises, it is not mandatory to have a dedicated department for scientific research, technological development and innovation, but they must have at least 03 personnel holding university degrees or higher engaged in these activities. At least 50% of the personnel involved in scientific research, technological development and innovation must be Vietnamese citizens.
(ii) The enterprise must have total expenditures on scientific research, technological development and innovation activities reaching at least 02% of the average net revenue over the 03 consecutive financial years or at least VND 200 billion per year over the three consecutive financial years; for enterprises operating for less than 03 years, the average is calculated over the entire period of operation since establishment but not less than one full financial year.
3. The products of the electronic equipment manufacturing project in Vietnam have designs (including requirement specifications, system architecture, detailed design, schematic diagrams, printed circuit board layouts and related technical documents) owned by the enterprise itself. Ownership is established through self-design, hiring others, including Vietnamese individuals, to perform the design or purchasing the design from other entities.
4. Criterion on domestic supply chain development and technology transfer:
(i) At least 30% of the total number of enterprises participating and performing contracts for assembly, supply of raw materials, components, services directly serving the electronic equipment manufacturing project must be Vietnamese enterprises.
(ii) Technology transfer must be carried out to at least one Vietnamese organization or enterprise within 05 years from the date of issuance of the Investment Registration Certificate, the Decision on Investment Policy Approval or a written agreement with the competent state authority. The form and content of the technology transfer shall comply with the regulations of the law on technology transfer.
--------------------
This newsletter is for general information on relevant matters. This should not be treated as our professional advice. Should you need further information on the matter or our professional assistance for your specific cases, please contact us.
Thanks and Best regards.