New policies in the finance and banking sector take effect from October 15

Customers come to make transactions at Vietcombank. — New policies in the finance and banking sector take effect from October 15.

Conditions for seizure of bank collateral from October 15, 2025

On June 27, 2025, the National Assembly passed the amended Law on Credit Institutions 2025, effective from October 15, 2025.

Specifically, credit institutions, foreign bank branches, debt trading and handling organizations have the right to seize collateral of bad debts when meeting the following conditions:

- When there is a case of handling secured assets according to the provisions of Article 299 of the 2015 Civil Code;

- The guarantee contract has an agreement that the guarantor agrees to allow the secured party the right to seize the collateral of the bad debt when the collateral is disposed of in accordance with the provisions of law on guaranteeing the performance of obligations;

- The security measure has taken effect against a third party according to the provisions of law on security for performance of obligations;

- The secured assets are not disputed assets in a case that has been accepted but not yet resolved or is being resolved at a competent Court; are not being subject to temporary emergency measures applied by the Court; are not being seized or subject to measures to secure execution of judgments according to the provisions of law; are not subject to temporary suspension of handling according to the provisions of law on bankruptcy;

- The seized collateral must meet the conditions prescribed by the Government ;

- Credit institutions, foreign bank branches, debt trading and settlement organizations have fulfilled their obligation to publicly disclose information as prescribed above.

Principles for applying regulations on minimum domestic supplementary corporate income tax that meets standards

On August 29, 2025, the Government issued Decree 236/2025/ND-CP detailing a number of articles of Decree 107/2023/QH15 on the application of additional corporate income tax under the provisions on preventing global tax base erosion.

- A constituent unit or group of constituent units of a multinational corporation that is a taxpayer as prescribed in Article 3 of this Decree, has production and business activities in Vietnam and has a place of residence in Vietnam as determined in accordance with the provisions in Section I of Appendix II, must apply the provisions on the standard minimum supplementary domestic corporate income tax (hereinafter referred to as QDMTT).

- In case a multinational corporation has more than one constituent unit in Vietnam, the constituent unit responsible for declaration is responsible for determining the obligations according to the provisions on QDMTT for all constituent units in Vietnam of that multinational corporation.

Multinational corporations with constituent units subject to the QDMTT shall decide on the allocation of additional taxes payable under the QDMTT among constituent units in Vietnam and declare information on the allocated tax amount in the Supplementary Corporate Income Tax Declaration (Form No. 01/TNDN-QDMTT) issued with this Decree.

- The provisions on QDMTT do not apply to constituent units whose country or territory (hereinafter referred to as country) of residence cannot be determined, permanent establishments whose country of residence cannot be determined, and investment units.

The constituent unit whose country of residence cannot be determined is specified in Point 1.2, Section I, Appendix II, the permanent establishment whose country of residence cannot be determined is specified in Point 2.4, Section I, Appendix II, the investment unit is specified in Point 10.1, Section III, Appendix II.

- The fiscal year applying the QDMTT is determined according to the fiscal year of the ultimate parent company, except for the case specified in Point 15, Section II, Appendix II.

PV (synthesis)

Source: https://baohaiphong.vn/chinh-sach-moi-trong-linh-vuc-tai-chinh-ngan-hang-co-hieu-luc-tu-ngay-15-10-523554.html