Important update: Decree 168/2025/ND-CP has just landed, and it makes the UBO disclosure requirement very real. Effective 1 July 2025, the Decree not only spells out who qualifies as an UBO but also rolls out the official forms enterprises must use.

For the last 10 years, under an exponential increase in foreign trade and supply chain diversification, Vietnam has been identified as a key supply chain and export hub in the ASEAN region. Since then, foreign investors operating in trading have been ente