10.2026 - VIETNAM'S RETAIL LICENSING REFORM
VIETNAM'S RETAIL LECINSING REFORM - Key Changes under Decree No. 342/2026/ND-CP replacing Decree No. 09/2018/ND-CP
Decree No. 09/2018/ND-CP established the framework governing retail distribution activities conducted by foreign-invested enterprises (FIEs) in Vietnam.
Recently, on 03 September 2026, the Government adopted Decree No. 342/2026/ND-CP replacing Decree No. 09/2018/ND-CP which will take effect from 18 October 2026 and introduce a number of notable changes, particularly in relation to post-M&A licensing, retail outlet establishment, and exemption on the Economic Needs Test.
From new establishment to acquisition of shares or capital contributions, the proposed regulations may affect the licensing steps, timeline, and regulatory considerations at each stage.
The proposed Licensing Roadmap for Foreign Investment in Retail Business is set out in this link.
