Key Changes in Vietnam’s Amended Law on Prices (Applied from 2026)

On December 10, 2025, the National Assembly voted to pass the Amended Law on Prices 2025. The latest Law on Prices officially takes effect from January 1, 2026, aiming to align with the model of streamlined organizational apparatus, create a legal corridor, timely handle practical issues, remove institutional “bottlenecks”, contribute to the goal of socio-economic development, and perfect the legal corridor on prices to meet the requirements of socio-economic development in the new situation. Below, Viet An Law Firm will update the key changes in Vietnam’s Amended Law on Prices (Applied from 2026).

Key changes in Vietnam’s Amended Law on Prices (applied from 2026)

Key changes in Vietnam’s Amended Law on Prices (applied from 2026)

• Transferring the responsibility for implementing price stabilization from the district-level People’s Committee down to the commune-level People’s Committee.
• Amending the list of goods and services priced by the State.
• Removing the content of specialized inspection on prices within the scope of regulation of the Law on Prices.
• Abolishing the requirement that the representative of the capital-contributing organization must have a practicing price appraiser card.

Transferring the responsibility for implementing price stabilization from the district-level People’s Committee down to the commune-level People’s Committee

Previously, Point b, Clause 2, Article 20 of the Law on Prices 2023 prescribed:

“Departments, branches, and district-level People’s Committees are responsible for organizing implementation as assigned by the provincial-level People’s Committee; the provincial-level People’s Committee reports to the Government on the results of price stabilization, and simultaneously sends to the Ministry of Finance for consolidation into the report on synthesis, analysis, and forecast of market prices”.

Implementing the 2-level local government model pursuant to Resolution No. 203/2025/QH15 passed by the National Assembly on June 16, 2025, to ensure consistency in the legal system and ensure no legal gap exists when Decree No. 125/2025/ND-CP expires after February 28, 2027, the Amended Law on Prices 2025 has amended Point b, Clause 2, Article 20 of the Law on Prices 2023 as per the current regulations in Decree No. 125/2025/ND-CP.

Accordingly, the task of implementing price stabilization is transferred from the district-level People’s Committee down to the commune-level People’s Committee, suitable for the 2-level local government model.

Amending the list of goods and services priced by the State

One of the key changes in Vietnam’s Amended Law on Prices (applied from 2026) is amending and supplementing a number of items in Appendix No. 2 List of goods and services priced by the State in Appendix 02 of the Law on Prices 2023:

In addition, supplementing new services to the pricing list such as: services for using infrastructure in industrial zones, economic zones, high-tech zones… invested from the state budget priced specifically by the provincial-level People’s Committee; extra-judicial assessment services (forensic, criminal technique…) priced at maximum level by specialized management Ministries.

The amendment of names of a number of goods and services priced by the State and the competence, form of pricing in Appendix No. 02 issued together with the Law on Prices 2023 aims to align with newly amended and supplemented specialized laws, ensuring synchronization with the current legal system, as well as resolving difficulties of some localities and ministries, branches during the process of implementing state pricing work.

Removing the content of specialized inspection on prices within the scope of regulation of the Law on Prices

Clause 4, Article 1 of the Amended Law on Prices 2025 has abolished Clause 13, Article 14 of the Law on Prices 2023 regarding: “Performing the function of specialized inspection on prices, price appraisal according to the provisions of the law on inspection” of the Ministry of Finance.

The removal of the content of specialized inspection on prices within the scope of regulation of this Law on Prices aims to synchronize with the new Law on Inspection 2025. In reality, the function of specialized inspection on prices has been transferred from the Ministry of Finance to the Government Inspectorate due to major changes in organizational apparatus and functions, tasks under the new Law on Inspection.

Simultaneously, Clause 1, Article 1 of the Amended Law on Prices 2025 replaces the phrase “specialized inspection on prices” at Article 1 and the name of Chapter VII with the phrase “inspection in the field of prices”, this aims to ensure the legal basis for the Government Inspectorate to continue performing the task.

Abolishing the requirement that the representative of the capital-contributing organization must have a practicing price appraiser card

Abolishing the requirement that the representative of the capital-contributing organization must have a practicing price appraiser card

Previously, according to Point b, Clause 1, Article 49 of the Law on Prices 2023, the conditions for granting a certificate of eligibility for price appraisal service business applicable to multiple-member LLCs, joint stock companies were as follows:

• The legal representative, Director or General Director of the enterprise must meet the requirements prescribed at Article 51 of the Law on Prices 2023;
• The enterprise must have at least 02 capital contributing members or 02 shareholders who are persons holding a practicing price appraiser card registered to practice price appraisal at the enterprise.

However, Clause 4, Article 1 of the Amended Law on Prices 2025 has abolished the regulation requiring the representative of the capital-contributing organization to have a practicing price appraiser card registered to practice at the enterprise at Point b, Clause 1, Article 49 of the Law on Prices 2023. This facilitates enterprises trading in price appraisal services through cutting, simplifying business conditions, and reducing the cost of compliance with administrative procedures.

Amending and supplementing names of ministries and branches associated with state management competence on prices

To align with the names and functions, tasks of ministries and branches, according to the new organizational structure of the Government, the Law on Prices 2025 has amended and supplemented the names of ministries and branches associated with state management competence on prices which are changed due to arrangement and organization of the state apparatus. Specifically:

• Replacing the phrase “Ministry of Agriculture and Rural Development” at items No. 12, 13 and 22 of Appendix No. 02 List of goods and services priced by the State with the phrase “Ministry of Agriculture and Environment”.
• Replacing the phrase “Ministry of Labor, War Invalids and Social Affairs” at Clause 12, Article 73 and at item No. 25 of Appendix No. 02 List of goods and services priced by the State with the phrase “Ministry of Home Affairs”.
• Replacing the phrase “Ministry of Information and Communications” at items No. 9 and 10 of Appendix No. 02 List of goods and services priced by the State with the phrase “Ministry of Science and Technology”.

Note on the effectiveness of the Amended Law on Prices 2025

The Amended Law on Prices 2025 takes effect from January 01, 2026, except for the following regulations:

• Regulations on aviation service pricing take effect from July 01, 2026.
• Regulations on extra-judicial assessment pricing take effect from May 01, 2026.

Above is the summary of key changes in Vietnam’s Amended Law on Prices (applied from 2026). If you have any questions related or have a need for legal consultancy on the law on prices, please contact Viet An Law Firm for the best advice and support!