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Decree 29/2026: Vietnam Operationalizes Its First Carbon Trading Market

2026-03-03
Vietnam has launched its first carbon trading exchange, quickly establishing an operational framework and piloting a greenhouse gas (GHG) quota allocation for 2025–2026. The country’s implementation of the carbon market carries strategic implications for businesses operating in emissions-intensive sectors. Vietnam has shifted from climate commitments to enforceable carbon market infrastructure.

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China Briefing

Hong Kong Expected to Introduce Virtual Asset Licensing Regime in 2026

03/03/2026

Hong Kong virtual asset licensing 2026 marks a major step in the city’s effort to regulate dealing, custody, advisory, and asset management activities involving digital assets.

ASEAN Briefing

Corporate Tax Risks in Vietnam: What Foreign-Owned Companies Get Wrong and How to Mitigate Exposure

03/03/2026

Vietnam’s 20 percent corporate income tax rate is frequently cited as competitive within ASEAN.

Vietnam Briefing

Iran Conflict and Vietnam’s Economy: Early Impacts on Energy Costs, Logistics, and Export Supply Chains

03/02/2026

While Vietnam remains geographically distant from the conflict between the US, Israel, and Iran, economic linkages to global energy markets, aviation routes, and logistics chains mean that spillovers are already emerging.

India Briefing

India Revises External Commercial Borrowing Framework with 2026 FEMA Amendment: Notes for Businesses

03/03/2026

India revises its External Commercial Borrowing (ECB) framework under RBI’s 2026 FEMA amendment, increasing borrowing limits, simplifying reporting, and clarifying end-use rules for foreign investors.

Middle East Briefing

The Strait of Hormuz Crisis: What the Iran Conflict Means for Energy, Shipping, and Business in the Middle East

03/02/2026

As the Iran military response triggers a de facto closure of the world’s most critical oil chokepoint – Strait of Hormuz – businesses across the world face immediate and cascading consequences.

China Briefing

Labor Trends and Risk Management in China 2026 – New Publication Out

03/03/2026

The latest issue of China Briefing Magazine, “Labor Trends and Risk Management in China 2026”, is now available as a complimentary download on the Asia Briefing Publication Store.

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Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.

China

China Briefing

Hong Kong Expected to Introduce Virtual Asset Licensing Regime in 2026

03/03/2026

Hong Kong is preparing to introduce a comprehensive licensing regime for virtual asset service providers covering dealing, custody, advisory, and asset management activities. The framework will significantly raise compliance expectations for operators seeking to serve Hong Kong clients.

India

India Briefing

India-Canada CEPA 2026: Modi-Carney Sign Terms of Reference, Target US$50 Billion Trade by 2030

03/03/2026

India and Canada have set a course to mend diplomatic ties after three years of strained relations. The prime ministers of both countries announced the launch of negotiations for the Comprehensive Economic Partnership Agreement (CEPA), advancing trade, investment, and strategic cooperation.

Middle East

Middle East Briefing

Kuwait Amends National Military Service Law Through New Decree

03/03/2026

Kuwait has amended its national military service law through Decree-Law No. 9 of 2026, clarifying eligibility rules, exemptions, and administrative procedures to address implementation gaps. The revised framework applies compulsory service to Kuwaiti males turning 18 starting with those born on January 1, 2012, while exempting earlier cohorts and cancelling non-compliant procedures.

 

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