Many economic policies will officially take effect, including regulations on registration fees for electric cars, rice exports, corporate tax management, and anti-dumping tax on imported steel.
From March 2025, many new policies and laws related to the economic sector will officially take effect, including regulations on registration fees for electric cars, rice exports, corporate tax management, anti-dumping tax on imported steel, etc.
From March 1, battery-powered electric cars are no longer exempt from registration fees.
According to the provisions of Decree 10/2022/ND-CP issued on January 15, 2022, regulating registration fees, effective from March 1, 2022; which stipulates the preferential registration fee for the first registration of battery-powered electric cars is 0% within 3 years, applied from March 1, 2022 to February 28, 2025. However, from March 1, 2025 to February 28, 2027, the registration fee for this vehicle will be 50% compared to gasoline and diesel vehicles.
Thus, from March 2025, electric cars will no longer be completely exempt from registration fees as before.
Currently, the registration fee for first-time car registrations in Vietnam ranges from 10% to 12%, depending on the locality. This means that buyers of battery-powered electric cars from March 1, 2025 will have to pay a registration fee of about 5-6%, depending on the province or city where the car is registered, instead of being completely exempted as before.
With this change, the rolling cost of electric vehicles will increase compared to before. For example, if an electric vehicle model has a listed price of 1 billion VND, the new registration fee will be around 50-60 million VND, depending on the locality applying the registration fee of 10 or 12%.
From March 1, 2025, new regulations on rice export will apply.
From March 1, 2025, Decree 01/2025/ND-CP issued on January 1, 2025 amending and supplementing a number of articles of Decree No. 107/2018/ND-CP dated August 15, 2018 of the Government on rice export business takes effect.
Accordingly, regarding the right to conduct rice export business, Decree No. 01/2025/ND-CP supplements the regulation: Traders with a Certificate of Eligibility for Rice Export Business are only allowed to entrust export or receive entrustment of export from traders with a Certificate of Eligibility for Rice Export Business.
Regarding the responsibility of rice export traders, according to the provisions of Clause 3, Article 24 of Decree No. 107/2018/ND-CP, it is stipulated that: Periodically on Thursday of each week, rice export traders shall report to the Ministry of Industry and Trade on the actual amount of paddy and rice in stock of traders according to each specific type to synthesize data for management purposes.
Decree No. 01/2025/ND-CP now stipulates: Periodically, before the 5th day of each month, rice export traders must report to the Ministry of Industry and Trade, the Department of Industry and Trade where the trader has its head office, warehouse, milling, grinding facility or rice processing facility, and at the same time send a copy to the Vietnam Food Association on the actual amount of rice and paddy in stock of the trader according to each specific type to synthesize data for management purposes.
At the same time, Decree No. 01/2025/ND-CP removes Clause 6, Article 24 of Decree No. 107/2018/ND-CP: "Traders who make false reports or fail to comply with the reporting regime as prescribed in this Article shall not enjoy the preferential policies prescribed in Clause 2, Article 16 of this Decree until the trader stops or corrects the violation."
From March 1, tighten management of mineral exploitation
According to Decree 10/2025/ND-CP issued on January 11, 2025 amending and supplementing a number of articles of decrees in the field of minerals, from March 1, 2025, the Government will strengthen measures to monitor mineral exploitation activities to ensure sustainable exploitation and environmental protection.
Specifically, according to the new regulations, the license for sand and gravel mining on riverbeds must include the permitted time for sand and gravel mining activities on riverbeds during the day, from 5:00 a.m. to 7:00 p.m.; regulations on mining time during the year. (According to the old regulations in Decree No. 23/2020/ND-CP, the mining time frame is from 7:00 a.m. to 5:00 p.m., and mining at night is not allowed).
Based on geographical location, climate, weather and hydrological conditions, the Provincial People's Committee shall decide on the specific exploitation time for each license and registration dossier, but not exceeding the time frame specified above.
Decree No. 10/2025/ND-CP also amends and supplements Point a, Clause 1, Article 10 of Decree No. 23/2020/ND-CP on river sand and gravel wharves and yards. In particular, the sand and gravel wharves and yards must be located within the scope of inland waterway ports and inland waterway wharves according to the provisions of the Law on Inland Waterway Traffic.
From March 8, anti-dumping tax will be applied on steel imported from China and India.
According to Decision 460/QD-BCT issued on February 21, 2025 on the application of temporary anti-dumping tax on some hot-rolled steel products originating from India and China, from March 8, 2025, the Ministry of Industry and Trade will apply temporary anti-dumping tax on some hot-rolled steel imported from China and India.
Products subject to temporary anti-dumping tax are classified according to HS codes 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, 7226.91.90 (case code: AD20).
From March 27, changes in tax management for businesses with related transactions
Decree 20/2025/ND-CP issued on February 10, 2025 amending and supplementing a number of articles of Decree No. 132/2020/ND-CP dated November 5, 2020 of the Government regulating tax management for enterprises with related-party transactions, from March 27, 2025, has a notable change that loans from banks are no longer considered related-party transactions.
Previously, when businesses borrowed capital from banks related to parent companies or subsidiaries, they still had to declare according to regulations on related party transactions, causing many difficulties in tax procedures. This adjustment helps businesses reduce the burden of declaration and be more transparent in determining transaction prices.../.
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