# Vietnam administrative and regulatory updates > Developing situation record from CLSTR: https://clstr.news/situations/20261026-vietnam-administrative-and-regulatory-updates > Updated: 2026-10-31T09:22:00.000Z. Sources: 17. Developments: 3. Vietnam has introduced several new administrative regulations and policies. Initial guidance focused on banking and residency, warning that customers may face restrictions on online transfers, payments, or withdrawals if they fail to complete biometric authentication or use expired identification. Under Circular No. 87/2026/TT-BCA, property owners or legal representatives are responsible for declaring the temporary residence of foreign guests. New regulations effective late 2026 impact multiple sectors. In education, Decree 353/2026/ND-CP, effective November 1, mandates compulsory education for children aged 6 to 14 and 11 to 18, alongside preschool universalization for ages 5 to 6. Further educational changes include new regulations for scholarship selection in basic sciences, effective November 10, 2026, which prohibit the use of priority points in calculations. New circulars also prohibit parent associations from collecting, receiving, or managing support funds, requiring voluntary contributions to be made through the direct provision of goods or payments to service providers. In the business and security sectors, Decree 392/2026/ND-CP requires security and order plans for ten specific industries, including casino operations, fireworks, and lodging services. Administrative penalties for lottery business violations for organizations can reach 200 million VND, while new penalties for the illegal buying, selling, or renting of payment accounts, enforced from February 9, 2026, can reach 150 million VND. Data protection under Decree 363/2026/ND-CP introduces fines for the unauthorized collection of sensitive information. Governance updates include new standards for official vehicles for high-ranking state leaders, which allow five specific leadership positions to continue using designated vehicles after retirement. Additionally, regarding fire safety, administrative procedures for fire prevention and fighting inspections will be abolished starting July 1, 2026. Management will shift from pre-inspection to post-inspection to reduce costs for businesses, though owners remain legally responsible for maintaining safety standards. ## Claims - The State Securities Commission penalized three individuals for manipulating KDC stock. (reported by 1 source) - Thang Phu Minh, Lam Thuy Hang, and Duong Thai Phuong Thao used 61 accounts to manipulate KDC stock. (reported by 1 source) - The manipulation occurred between May 2, 2024, and January 6, 2025. (reported by 1 source) - Each of the three individuals was fined 1.5 billion VND. (reported by 1 source) - The total fine amount for the three individuals is 4.5 billion VND. (reported by 1 source) - The individuals are banned from securities trading for two years starting November 2, 2026. (reported by 1 source) - The individuals are prohibited from holding positions in securities or fund management companies for two years. (reported by 1 source) - The three individuals did not earn illegal profits from the stock manipulation. (reported by 1 source) ## Timeline ### 2026-10-31: Vietnam implements various new administrative and social policies Vietnam introduces diverse new policies effective late 2026, covering mandatory education, fire safety reforms, banking account regulations, and new administrative rules for various business sectors. 14 sources. https://clstr.news/cluster/state-securities-commission-penalizes-kido-group-stock-manipulation ### 2026-10-26: Vietnam to implement new administrative policies in November 2026 Vietnam will introduce new administrative regulations in November 2026, covering compulsory primary education, data privacy penalties, and identification requirements for hospitality services. 2 sources. https://clstr.news/cluster/vietnam-to-implement-new-administrative-policies-in-november-2026 ### 2026-10-24: Vietnam issues new regulations for banking transactions and foreign resident registration Vietnam announces new banking restrictions for unverified accounts and mandates strict residence declaration rules for landlords hosting foreign guests. 3 sources. https://clstr.news/cluster/vietnam-issues-new-regulations-for-banking-transactions-and-foreign-resident-registration --- Cite as: Vietnam administrative and regulatory updates. CLSTR, https://clstr.news/situations/20261026-vietnam-administrative-and-regulatory-updates