By June, Vietnam will complete the legal framework for the exchange of greenhouse gas (GHG) emission quotas and carbon credits, including development of mechanisms for carbon credit trading and offsetting, and establish necessary infrastructure for carbon market operations.
The Government has recently decided to extend a reduction in value-added tax (VAT) for the next six months, starting from January 1 this year.
From January 1 this year, vehicle inspection centers can be established at bus stations and rest stops, according to Government Decree 166/2024/ND-CP dated December 26, on business conditions for the operation and establishment of vehicle inspection centers.
Patients diagnosed to suffer certain rare diseases, serious diseases, or diseases requiring surgery or advanced technology application may have examination and treatment costs wholly covered by the health insurance fund at the law-specified benefit levels without having to go through hospital referral as under current regulations.
The National Assembly on November 21, 2024, passed the Law revising a number of articles of the 2016 Pharmacy Law, which is expected to create a legal corridor for the development of new pharmaceutical business methods.
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.
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.
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