What do compliant companies gain?
Unofficial translation from the Vietnamese original.
Article 19 of Law No. 13/2026/QH16 allows assessment, recognition and priority treatment for organisations and enterprises meeting three conditions: effective implementation of an internal compliance programme; good compliance with policy and law; and compliance with reporting, record keeping, information provision and cooperation in verification on request.
Priority treatment may include: reduced frequency and scope of inspection and supervision with greater reliance on post-clearance audit; simplified declaration and reporting; and priority in processing times.
Priority treatment may be suspended, terminated or revoked if the conditions are no longer met or the law is breached (clause 3, Article 19).
At decree level, traders that have run an internal compliance programme for at least two years and obtained confirmation from the Ministry of Industry and Trade may be granted a 12-month term licence.