VLLF

As of July 1, agencies, organizations and individuals will be free to transfer data from abroad to Vietnam, process foreign data in Vietnam, and have their lawful rights and interests protected by the State, according to the 2024 Data Law.

The Geology and Mineral Law, which was passed on November 29, 2024, and will come into force on July 1 this year, is expected to help create a consistent and unified legal framework for the management and exploitation of geological resources and minerals.

The Deputy Prime Minister on January 23 signed Decision 222/QD-TTg, promulgating the national action plan for putting circular economy into practice until 2035.

Passed on June 27, the Law on Road Traffic Order and Safety (the Law) aims to create a legal foundation for ensuring road traffic order and safety, protecting the life and health of road users, and building an orderly, disciplined and safe society, so as to guarantee better exercise of human rights and civil rights according to the 2013 Constitution and treaties to which Vietnam is a contracting party.

Prime Minister Pham Minh Chinh on December 12 issued Official Dispatch 132/CD-TTg, requiring ministries, sectors and localities to take critical measures to better ensure traffic order and safety.

From January 1, 2025, foreign tourists can bring a variety of motor vehicles into Vietnam, including passenger cars, whether right-hand or left-hand drive, capable of carrying up to eight passengers (excluding the driver), mobile home vehicles, and two-wheeled motorcycles.

Prime Minister Pham Minh Chinh on December 10 urged relevant agencies to address obstacles hindering the progress of social housing projects, aiming to enhance the effectiveness of social housing development and meet the growing demands of people.

Vietnam will establish and expand 27 marine protected areas covering over 442,230 hectares in order to raise the total area of marine protected zones to almost 0.5 percent of the country's natural marine area by 2030.

Prime Minister Pham Minh Chinh has requested the central bank to proactively, flexibly, promptly and effectively manage the monetary policy together with the expansionary fiscal policy and others.

The Government would be vested with the authority to determine reduction based on family circumstances for personal income taxpayers and their dependants in alignment with the country’s socio-economic development in each period.

National Assembly Chairman Tran Thanh Man has recently issued Resolution No. 172/2024/QH15, on the investment policy for the North-South high-speed rail project, which is expected to meet transport needs and create motives for rapid and sustainable socio-economic development

Involved parties might reach agreement on judgment enforcement, provided that their agreement does not violate legal prohibitions, upholds social morality, neither affects the lawful rights and interests of the State or third parties nor prolongs the enforcement process or evades the obligation to pay enforcement charges.

Prime Minister Pham Minh Chinh has called for the development and diversification of traditional medicine services and products, enhancing the quality of traditional medicine services linked to healthcare and tourism.

Prime Minister Pham Minh Chinh has assigned tasks and solutions to ministries, sectors and localities to implement the national green growth strategy for the 2021 - 2030 period with a vision to 2050 towards the ultimate goal of carbon neutrality.

As per Article 4.2 of the State Bank of Vietnam’s Circular 48/2018/TT-NHNN (Circular 48), on savings deposits, Vietnamese citizens may make Vietnam-dong savings deposits, while Vietnamese residents are entitled to open foreign-currency savings accounts.