By 2045, Vietnam eyes to become an important link in the global semiconductor industry value chain with a contingent of engineers and experts capable of meeting the industry's requirements in both quality and quantity.
Scheduled to take effect on January 1 next year, the Law Amending and Supplementing a Number of Articles of the Law on Asset Auction, which was passed by the National Assembly on June 29, is expected to contribute to improving the quality and professionalism of operations of asset auction organizations.
The National Assembly on June 29 passed the Law Amending and Supplementing a Number of Articles of Land Law 31/2024/QH15, Housing Law 27/2023/QH15, Law 29/2023/QH15 on Real Estate Business, and Law 32/2024/QH15 on Credit Institutions.
The Law on Roads, which was passed by the National Assembly in June 2024, will take effect on January 1, 2025.
The Government issue Decree No. 101/2024/ND-CP on primary investigation for land; registration and issuance of certificates of land use rights and land information system, including Articles as follows:
The Ministry of Construction is working on draft revisions of Decree 16 of 2022, proposing to raise the maximum administrative fine to VND 1 billion (USD 39,500) for various construction violations in real estate business and housing development.
The Ministry of Finance is working to revise Decree No. 132/2020/ND-CP, adding regulations regarding the determination of related-party transactions between enterprises and credit institutions.
The Investment Support Fund, an off-budget state financial fund, would be formed with the function of receiving, managing and using financial support in cash and in kind to finance and support high-tech investment activities and green transformation.
On November 27, 2023, the National Assembly approved the Housing Law No. 27/2023/QH15.
Vietnam’s archives sector will be built to be modern, meeting the requirements on state management and modernization of the administrative system serving the people, says the 2024 Archives Law.
The Ministry of Finance will announce the final draft circular regarding upgrading Vietnam's securities market and operating the Korea Exchange (KRX) system this week.
On June 28, 2024, the State Bank of Vietnam issues Circular No. 20/2024/TT-NHNN prescribing factoring and other services related to factoring of credit institutions, and foreign bank branches.
The Government issues the Decree No. 76/2024/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 20/2021/ND-CP providing social assistance policies for social protection beneficiaries.
The revised Law on the Capital was passed by the 15th National Assembly on June 28, 2024.
The amended Law on Social Insurance was passed by the 15th National Assembly at its 7th session on June 29, 2024.
The Ministry of Finance is proposing amendments to the Law on Corporate Income Tax, offering exemption on corporate taxes on income from green bond interest and carbon credits.
The Government has just approved the reduction in value-added tax (VAT) on goods and services from July 1 to December 31 this year, in conformity with Resolution 142/2024/QH15 adopted by the National Assembly on June 29.
The Government has issued a decree on the extension of excise tax payment deadline for domestically manufactured or assembled automobiles.
On June 18, 2023, the State Bank of Vietnam hereby promulgates the Circular No. 06/2024/TT-NHNN on amending and supplementing a number of articles of Circular No. 02/2023/TT-NHNN on credit institutions and foreign bank branches carrying out debt rescheduling and maintaining loan categories in order to help their clients facing difficulties.
On June 07, 2024, the State Bank of Vietnam issues the Circular No. 05/2024/TT-NHNN on repealing a number of legal documents promulgated by the Governor of the State Bank of Vietnam.
On May 15, 2024, the Minister of Transport promulgates the Circular No. 13/2024/TT-BGTVT prescribing the mechanism and policies for the management of domestic air transport freight and aviation service prices
The State Bank of Vietnam (SBV) has issued Circular 3/2024/TT-NHNN providing the trading and handling of non-performing loans by the Vietnam Asset Management Company (VAMC) of credit institutions.
On April 19, 2024, the Ministry of Planning and Investment of Vietnam issues the Circular No. 05/2024/TT-BKHDT on elaborating provision and publishing of information on bidding and selection of contractors on Vietnam National E-Procurement System
On April 22, 2024, the Ministry of Industry and Trade issues the Circular No. 08/2024/TT-BCT on amending and supplementing Circulars of the Minister of Industry and Trade in the field of import and export.
The Prime Minister on May 22 directs the building of the socio-economic development plans and state budget estimates for 2025 amid fast and unpredictable changes in the world situation.
On February 29, 2024, the Prime Minister issues Decision No. 209/QD-TTg on approving the Plan on abolishment or simplification of business regulations within the scope of management functions of the Ministry of Industry and Trade in 2024.
Decree No. 50/2024/ND-CP of the Government on amending and supplementing a number of Articles of the Decree No. 136/2020/ND-CP detailing a number of articles and measures to implement the Law on Fire Prevention and Fighting.
On May 09, 2024, the Government issues the Decree No. 48/2024/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 130/2018/ND-CP detailing the Law on E-Transactions regarding digital signatures and digital signature authentication services.
Deadlines for payment of value-added tax (VAT), corporate income tax, personal income tax, and land rental in 2024 are scheduled to be extended, according to the latest draft decree designed by the Ministry of Finance (MOF).
With 198 articles arranged in 13 chapters, the 2023 Housing Law contains new provisions which are expected to promptly address the people’s recent concerns about the housing market.
Credit institutions and gold trading enterprises will be subject to inspection in terms of compliance with policies and laws in gold trading activities, according to Decision 324/QD-TTGSNH2 issued by the State Bank of Vietnam (SBV) on May 17.
The 2023 Law on Telecommunications (the Law), with 73 articles arranged in 10 chapters, is set to take effect on July 1 this year.
On April 26, 2024, the Government issues the Decree No. 45/2024/ND-CP on organization and operation of small- and medium-sized enterprise development fund.
On March 26, 2023, the Prime Minister issues the Decision No. 05/2024/QD-TTg on the mechanism for adjusting the average electricity retail prices
On December 19, 2023, the Minister of Finance issues the Circular No. 73/2023/TT-BTC on amending and supplementing a number of articles of the Minister’s Circular No. 117/2020/TT-BTC dated December 31, 2020, providing the method of calculating unlawful earnings and unlawful profits from violations of the law on securities and securities market.
This is the main content prescribed in the Directive No. 13/CT-TTg dated May 02, 2024 of the Prime Minister on enhancing the management of carbon credits to implement the Nationally Determined Contributions.
To tighten the management of sea encroachment activities, the Government has recently required the identification of specific coastal locations, areas, boundaries, and coordinates of to-be-encroached sea areas to comply with the survey and mapping law.
Special regulations of the Land Law 2024 are applied from April 01, 2024 and this effectiveness is earlier than the general effectiveness of this Law.
Prime Minister Pham Minh Chinh has ordered drastic and effective measures to ensure a stable power supply during this year's peak period and beyond.
On March 05, 2024, the Prime Minister issues the Official Telegram No. 18/CD-TTg on managing credit growth in 2024
On April 04, 2024, the Ministry of Industry and Trade issues Circular No. 06/2024/TT-BCT providing the import of rice and dried tobacco leaves originating in the Kingdom of Cambodia according to tariff-rate quotas in 2023 and 2024.
Organizations and individuals that import or export the schedule chemicals are required to obtain a license granted by the competent authority. Such a license is a condition for customs clearance of imported or exported schedule chemicals.
On March 27, 2024, the Ministry of Industry and Trade No. 04/2024/TT-BCT on amending and supplementing several Articles of the Circular No. 20/2014/TT-BCT dated June 25, 2014, of the Minister of Industry and Trade on the implementation of rules of origin in the Agreement establishing Asean – Korea free trade area (AKFTA)
On March 28, 2024, the Ministry of Science and Technology issues Circular No. 02/2024/TT-BKHDT on the management of product origin tracing.
The Ministry of Science and Technology has recently issued a circular to tighten the management of traceability of products and goods.
Real estate businesses would be permitted to implement commercial housing projects on non-residential land if they currently possess or have acquired land-use rights and meet law-prescribed conditions for land repurposing.
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