Vietnam rolls out sweeping reforms effective July 1 2026

From 1 July 2026 Vietnam will implement a package of new laws and regulations covering passports, taxation, wages, pensions, social insurance, e‑commerce, cybersecurity, banking and other sectors. The passport law amendment adds seven categories of passports that will be revoked or invalidated, including those of persons who have lost a passport for over 12 months or are under criminal investigation. The Personal Income Tax Law 2025 and the Tax Management Law take effect, introducing 21 categories of tax‑exempt income, lowering the top tax bracket from seven to five tiers and exempting overtime, night‑shift and certain foreign‑expert earnings. A new Digital Asset Tax of 0.1 % applies to cryptocurrency transfers. The basic salary for public‑sector staff rises to VND 2.53 million per month, while pensions and social‑insurance benefits increase by 8 % with extra top‑up for recipients below VND 3.8 million. The E‑commerce Law 2025 obliges platforms to verify sellers before opening shops. The Cybersecurity Law 2025, effective the same day, adds penalties for online misinformation, illegal recordings and AI‑generated forgeries. Banking regulations under Circular 77 require biometric and OTP authentication for enterprise transfers above VND 10 million. Additional reforms include a family‑planning law giving couples the right to decide the number and timing of children, expanded health‑insurance coverage for 62 serious‑illness groups, new construction‑permit exemptions for low‑rise houses, and stricter media rules protecting personal and family privacy. The Tax Management Law also defines ten specific tax‑evasion offences.

These measures will affect all Vietnamese citizens, residents, public‑sector employees, retirees, businesses, e‑commerce platforms and banks.