VLLF

From May 2, Vietnamese and foreign organisations and individuals may face fines of up to VND 75 million for illegally transporting goods or currencies valued at VND 100 million or more across national borders outside designated border-gate areas.

By the end of the decade, the programme targets training and upgrading the skills of 10,000 managers and managing directors nationwide, with women accounting for at least 25 per cent of participants.

Organisations that repeatedly violate the regulations on personal data protection in the cyberspace or bear responsibility for large-scale personal data leaks could face a fine of up to 5 per cent of their total revenues in Vietnam in the fiscal year preceding the year of violation, the Ministry of Public Security has proposed.

Ministry of Public Security has proposed amendments to regulations governing how authorities manage the entry, exit, transit and residence of foreigners, aiming to strengthen inter-agency coordination amid a rise in violations.

Under the new regulation, banks will discontinue services that allow customers to assign nicknames, or “iNick”, to their accounts.

The project aims to strengthen overall capabilities and develop an elite and modern cybersecurity force able to proactively prevent and effectively respond to all cyber risks and threats, safeguarding national security, social order and safety, and the rights and lawful interests of organisations and individuals in cyberspace.

Vietnam has established an appraisal council to review proposed changes to the investment policy for the Ninh Thuan 1 nuclear power project.

Under the decision, the allocation will be sourced from the central budget revenue surplus recorded in 2025 and assigned to the Ministry of Industry and Trade.

The draft strategy also set a target that 95 per cent of the population aged 15 and over will have bank accounts by 2030.

The Government is proposing generous support measures to accelerate digital transformation, including full coverage of costs of renting digital technology solutions for business households, micro-enterprises, and micro-cooperatives. This forms part of a draft decree detailing the 2025 Law on Digital Transformation, which is set to take effect on July 1.

Party General Secretary To Lam on March 17 signed Resolution 02-NQ/TW issued by the Politburo on building and developing Hanoi in the new era, setting out long-term strategic orientations and development targets for the capital.

The Ministry of Industry and Trade has recently introduced a plan to implement the task of developing, operating, and managing a food traceability system under the its management, aiming to ensure seamless supervision from importation, production and processing to packaging, circulation, distribution and consumption.

Vietnam is set to internationalise its Vietnamese language proficiency assessment system, as a new regulation effective from April 15 allows a wider range of entities to jointly organise such exams, including overseas.

As housing prices continue to outpace income growth, a draft Resolution on development of reasonably priced commercial housing is expected to stimulate house supply and make house prices more affordable for urban residents with genuine housing needs, particularly those with middle and upper-middle income.

According to a Plan to implement the Law on Artificial Intelligence issued under Prime Minister Decision 367/QD-TTg, the national strategy on artificial intelligence will be issued soon. Following its issuance, the strategy shall be reviewed, evaluated and updated at least once every three years or adjusted upon significant fluctuations in technology and the market.