Reduce lending interest rates in 2024

On March 05, 2024, the Prime Minister issues the Official Telegram No. 18/CD-TTg on managing credit growth in 2024

16/04/2024

Import of rice and dried tobacco leaves originating in the Kingdom of Cambodia in 2023 and 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.

15/04/2024

New legislations on import, export of the schedule chemicals under the Chemical Weapons Convention

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.

12/04/2024

Amend the Rules of origin in AKFTA Agreement

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)

11/04/2024

Management of subjects of traceability of products and goods

On March 28, 2024, the Ministry of Science and Technology issues Circular No. 02/2024/TT-BKHDT on the management of product origin tracing.

11/04/2024

Measures to improve traceability of products and goods provided

The Ministry of Science and Technology has recently issued a circular to tighten the management of traceability of products and goods.

11/04/2024

Ministry proposes pilot mechanism for use of non-residential land to implement commercial housing projects

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.

08/04/2024

New technical regulations on expressways issued

Expressways must have at least four lanes with maximumspeed of 120km per hour as well as rest stops and emergency stopping lanes.

08/04/2024

PM instructs intensification of forest fire prevention, control measures

Prime Minister Pham Minh Chinh has instructed localities, ministries, and agencies to intensify forest fire prevention and control measures.

08/04/2024

PM approves the Plan to implement the National Power Development Master Plan VIII

On April 01, 2024, the Prime Minister issues Decision No. 262/QD-TTg on approving the National Power Development Master Plan for the 2021-2030 period, with a vision to 2050 (Power Master Plan VIII).

08/04/2024

Amend the dossier for issuance of airport or airfield registration certificates

On February 23, 2024, the Government issues the Decree NO. 20/2004/ND-CP on amending and supplementing a number of articles of Decree No. 05/2021/ND-CP dated January 25, 2021, of the Government, on the management, operation of airports and airfields, and Decree No. 64/2022/ND-CP dated September 15, 2022, of the Government amending and supplementing a number of articles of the Decrees regulating business activities in civil aviation.

05/04/2024

Efforts made to promote establishment of cottage industry zones

The Government has recently issued Decree 32/2024/ND-CP, on the management and development of cottage industry zones to attract small- and medium-sized enterprises, cooperatives and cooperative groups to invest in production and business in concentrated production areas.

03/04/2024

Procedures for grant of licenses for research into and collection of intangible cultural heritages

On March 15, 2024, the Government issues the Decree No. 31/2014/ND-CP on amending and supplementing a number of Articles of the Decree No. 01/2012/ND-CP, Decree No. 61/2016/ND-CP and Decree No. 36/2019/ND-CP.

02/04/2024

Draft decree sets foreign ownership limit at apartment buildings

The Ministry of Construction is gathering public opinions on a draft decree guiding the 2023 Housing Law, proposing imposition of a 30-percent cap on foreign ownership at apartment buildings.

02/04/2024

Banks undergoing mass withdrawals might access to special loans

The State Bank of Vietnam (SBV) would provide special loans to commercial banks, cooperative banks, people’s credit funds, and microfinance institutions that are facing mass withdrawals to help them improve their solvency, according to the latest draft of the circular on special loans.

02/04/2024

Striving to reduce fatal occupational accidents at least 4% per year

On March 19, 2024, the Secretariat of CPV Central Committee on continuing to strengthen the Party's leadership for occupational safety and hygiene in new situations.

01/04/2024

PM calls for exerted efforts to fight tuberculosis

Prime Minister Pham Minh Chinh has urged ministries, sectors, central and local authorities to thoroughly implement the national tuberculosis prevention and control strategy.

29/03/2024

Criteria for contractor selection under the Decree 24/2024

On February 27, 2024, the Government issues the Decree No. 24/2024/ND-CP detailing a number of articles of and measures to implement the Law on Bidding regarding contractor selection.

29/03/2024

Bids shall be opened publicly within 2 hours after the time of bid closing

On February 27, 2024, the Government issues Decree No. 23/2024/ND-CP Detailing several articles and measures for implementation of the Bidding Law regarding the selection of investors to implement projects falling into cases subject to organization of bidding by specialized laws.

27/03/2024

New Decree on guiding the Bidding Law

On February 27, 2024, the Government issues the Decree No. 23/2027/ND-CP on guiding the Bidding Law 2023

26/03/2024

Conditions for road motor vehicles brought into Vietnam

This is the content prescribed in Decree No. 30/2023/ND-CP dated March 07, 2024, of the Government providing the management of road motor vehicles registered overseas and brought into Vietnam by foreigners for tourism purposes

26/03/2024

Government leader requests urgent measures to stabilize gold market

Deputy Prime Minister Le Minh Khai has recently assigned the State Bank of Vietnam (SBV) to coordinate with relevant agencies in urgently carrying out close and comprehensive inspection and supervision of the gold market.

25/03/2024

Vietnam completes policies to develop a competitive wholesale electricity market

The Ministry of Industry and Trade is publicizing a draft circular providing the operation of the competitive wholesale electricity market on the website of the Electricity Regulatory Authority of Vietnam for public comments.

22/03/2024

Vietnam completes policies to develop a competitive wholesale electricity market

The Ministry of Industry and Trade is publicizing a draft circular providing the operation of the competitive wholesale electricity market on the website of the Electricity Regulatory Authority of Vietnam for public comments.

19/03/2024

Amending foreign trade development measures

On February 07, 2024, the Government issues Decree No. 14/2024/ND-CP on amending and supplementing several articles of the Decree No. 28/2018/ND-CP of March 1, 2018, detailing several articles of the Law on Foreign Trade Management regarding foreign trade development measures.

19/03/2024

Users without land-use rights certificates to be entitled to compensation upon land recovery by the State

Households and individuals that acquired residential land along with houses, independent houses and residential structures prior to July 1, 2014, but have yet to obtain certificates of land use rights or ownership of houses and other land-attached assets would be eligible for land compensation if they neither violate the land law nor fall into the case of ultra-vires allocation of land.

12/03/2024

MOIC puts forth more regulations related to domain names “.vn”

Organizations and individuals might request changing names of registrants of Vietnam’s national domain names “.vn” if finding that it is necessary to complete the process of donation or capital contribution for inheritance of the right to use the domain names.

12/03/2024

New specific fire safety requirements proposed

The Ministry of Public Security is seeking public opinions on the draft Law on Fire Prevention and Fighting and Rescue that is scheduled to be effective from 2025.

11/03/2024

SBV asked to keep interests low and financial access easier

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) with leading and coordinating governmental ministries and agencies to keep interest rates low and financial access easier for businesses

11/03/2024

Cabinet sets out 17 national actions to combat money laundering

Deputy Prime Minister Le Minh Khai on February 23 signed Decision 194/QD-TTg, promulgating the national action plan to implement the Government’s commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction.

26/02/2024

Standard for higher education institutions from March 22, 2024

On February 05, 2024, the Minister of Education and Training hereby promulgates the Circular on promulgation of the Standards for higher education institutions.

26/02/2024

Decree on value-added tax reduction in 2024

The Government issued the Decree on providing the value-added tax reduction policy under the National Assembly’s Resolution No. 110/2023/QH15 dated November 29, 2023.

26/02/2024

Visa exemption policy expanded to citizens from more countries

The Prime Minister has recently requested the Ministry of Public Security (MPS) to consider expanding the coverage of the visa exemption policy under Directive No. 06/CT-TTg.

20/02/2024

MOT to raise ceiling airfares next month

From the beginning of March, the ceiling price for tickets on domestic flight routes will be increased, according to Circular 34 recently issued by the Ministry of Transport.

19/02/2024

New policies related to road tolls

Effective from the beginning of February, Decree 90/2023/ND-CP provides regulations concerning the rates, collection, remittance, exemption, management, and use of road tolls.

19/02/2024

Particular regulations related to teachers brought into law

From July 2025, teachers who fully meet professional criteria would be granted a professional certificate, according to a draft Law on Teachers proposed by the Ministry of Education and Training.

16/02/2024

New strategy aims to expand social insurance coverage

By 2030, Vietnam will have 60 percent of the working-age population covered by social insurance, in which farmers and the informal sector’s workers covered by voluntary social insurance will account for some 5 percent.

16/02/2024

Government issues new regulations on land valuation

The Government on February 5 issued Decree 12/2024/ND-CP, specifying four land valuation methods instead of the current five, namely comparison method, income-based method, surplus-based method and land price adjustment coefficient method.

16/02/2024

National Strategy for people’s health protection approved

The Prime Minister has recently approved the National Strategy for protection, care and improvement of the people’s health through 2030, with a vision toward 2045, setting the target that all citizens will have access to quality healthcare services.

16/02/2024

More stringent measures to ensure transparency of belief, religious activities

From March 30, fund raising activities of belief and religious establishments will be put under stricter control to ensure publicity and transparency, according to Decree 95 recently issued by the Government.

22/01/2024

New guidelines for intellectual property protection introduced

With 125 articles, Decree 65 dated August 23 introduces a series of guiding texts for the 2005 Law on Intellectual Property, which was revised in 2009, 2019 and most recently 2022.

22/01/2024

Civil Defense Law available on Official Gazette

The new Civil Defense Law, which will be effective on July 1, grants the Government the authority to direct civil defense activities nationwide.

22/01/2024

Incentives proposed for development of pharmaceutical industry

The Ministry of Health has released a draft Law Amending the 2016 Law on Pharmacy, providing many attractive incentives for boosting the development of the pharmaceutical industry.

09/01/2024

Tightened requirements for copying and taking photos of Vietnam’s currency

All copies and photos of the Vietnamese banknotes must not change their appearance, except for zoom-in and zoom–out images, or copying or taking 1:1 photos from different angles, and must ensure the integrity of portraits and the national emblem on the front side of banknotes.

03/01/2024

Online trading of cosmetics to be placed under strict management

The Ministry of Health is making a draft decree on management of cosmetics, proposing adding regulations on online trading of cosmetics and identification of origin of cosmetics serving tracking, inspection and verification for state management purposes.

03/01/2024

Statistical database system to be synchronously developed from central to local levels

By 2030, the National Statistical Database will reach an advanced level among the ASEAN countries and become a modern statistical system in the world by 2045.

02/01/2024

New rule for better controlling medicine prices

The Government has recently issued Decree 88 to tighten the declaration and re-declaration of medicine prices by pharmaceutical traders.

02/01/2024

Ministry tightens requirements for foreigners teaching English in Vietnam

A training program will be provided to foreigners teaching English language at foreign language and information technology centers in Vietnam, under Decision 4159/QD-BGDDT issued by the Ministry of Education and Training on December 6.

12/12/2023

More 02 countries are applicable with Special Preferential Import Tariffs

On December 01, 2023, the Government issues Decree No. 84/2023/ND-CP on amending and supplementing several articles of the Government’s Decree No. 129/2022/ND-CP dated December 30, 2022, on Vietnam’s Special Preferential Import Tariffs to implement the Regional Comprehensive Economic Partnership for the 2022-2027 period.

05/12/2023

A working shift in offshore petroleum exploration lasts 12 hours/day at most

On November 08, 2023, the Ministry of Industry and Trade issues the Circular No. 20/2023/TT-BCT on prescribing working time and rest time for workers doing jobs of special characteristics in the field of offshore petroleum exploration and exploitation.

04/12/2023

Government amends the regulations on the payment of fees and charges

On November 28, 2023, the Government issued Decree No. 82/2023/ND-CP on amending and supplementing several articles of the Government’s Decree No. 120/2016/ND-CP dated August 23, 2016, detailing and guiding the implementation of several articles of the Law on charges.

01/12/2023

New policy to get the best of overseas Vietnamese contributions to the nation

Overseas Vietnamese are expected to contribute more and more to the national development and always regarded as an extremely important resources as the nation is striving to accelerate its industrialization and modernization process for the goal of becoming a developed country with fairly high income by 2045.

30/11/2023

NA resolution sets a target of 6-6.5 percent GDP growth in 2024

NA Chairman Vuong Dinh Hue on November 24 signed a decision to issue Resolution 103/2023/QH15, targeting that Vietnam will have 6-6.5 percent growth in gross domestic product (GDP) and USD 4,700-4,730 in per capita income in 2024.

27/11/2023

MOF expects to improve stock market transparency

The Ministry of Finance has recently issued Circular 69, amending and supplementing several articles of Circular 57 of 2021, providing the roadmap of restructuring the stock trading market, bond trading market, derivatives trading market, and trading market for other types of securities.

27/11/2023

New Law on Price

The 2023 Law on Price will take effect on July 1 next year and supersede its 2012 predecessor with revisions made in 2014, 2020 and 2022.

21/11/2023

Draft Law on Extradition to enhance transnational collaboration in criminal arrest

The Ministry of Public Security has recently released a draft Law on Extradition, proposing the application of urgent arrest of criminals for extradition upon requests of foreign countries, adding cases of refusal of extradition to foreign countries and providing commitments to refraining from imposing the capital punishment on persons extradited to or from Vietnam.

20/11/2023

Bio-tech development and application intensified

The Government on November 16 set out several tasks on bio-tech development and application for ministers, heads of government agencies, and People’s Committee chairpersons of centrally run localities.

20/11/2023

Stricter rules needed to manage mining right-related auctions

Prime Minister Pham Minh Chinh on November 11 issued Dispatch 1087/CD-TTg, requiring the strengthening of management over the implementation of auctions for mining rights, especially for minerals used as common building materials.

14/11/2023

Change the health insurance premium from the state budget

This is one of the new points prescribed in the Decree No. 75/2023/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 146/2018/ND-CP dated October 17, 2018, detailing, and guiding measures to implement, a number of articles of the Law on Health Insurance.

30/10/2023

PM urges special credit support for feasible realty projects

The Prime Minister has recently called for the drastic implementation of measures to develop the real estate market in a safe, healthy, and sustainable manner.

30/10/2023

Health Ministry officially downgrades COVID-19 to Group-B infectious disease

The COVID-19 epidemic has officially been downgraded to Group B, instead of the current Group A, according to a decision released on October 19 by the Ministry of Health

26/10/2023

Nation loosens regulation on foreign workers’ employment

The Government has recently revised Decree 152 of 2020, guiding the recruitment and management of foreign workers in Vietnam, in an attempt to create favorable conditions for foreigners working in the country.

16/10/2023

New Petroleum Law detailed for implementation

Taking effect on July 1, Decree 45, guiding a number of articles of the Law on Oil and Gas, is expected to facilitate the petroleum sector’s oil and gas exploitation and prospecting activities, thus contributing to its rapid and sustainable development.

16/10/2023

SMEs can borrow loans at preferential interest rate of 1.2 percent per year

The Small and Medium-sized Enterprise (SME) Development Fund of the Ministry of Industry and Trade has announced to provides loans to SMEs with a short-term interest rate of 1.2 percent per year and a long-term interest rate of 4.4 percent per year, under Decision 12/QD-HDTV of October 4, 2023.

12/10/2023

More punishments proposed for shirking social insurance premium payment

The Ministry of Labor, Invalids and Social Affairs has suggested more measures for dealing with acts of shirking payment of compulsory social insurance premiums.

11/10/2023

How do foreign workers apply or extend Vietnam visas?

What are the formalities for visa application or visa extension for foreign workers in Vietnam?

10/10/2023

Amend, supplement and annul legal normative documents on food safety

On September 25, 2023, the Ministry of Health issues the Circular No. 17/2023/TT-BYT on amending, supplementing and annulling a number of legal normative documents on food safety promulgated by the Minister of Health

09/10/2023

By 30% on reduction of land rental for 2023

On October 03, 2023, the Prime Minister hereby promulgates the Decision on reduction of land rental for 2023.

06/10/2023

New rule rolled out to develop open educational resources for higher education

By 2026, Vietnam will build and put into operation a portal of open educational resources, providing learning, teaching, and research materials for learners, officials, lecturers of higher education institutions and those who need to update higher education knowledge, according to Decision 1117/QD-TTg.

04/10/2023

Pilot disposal of bad debts of credit institutions to the end of December 31, 2023

On September 20, 2023, the Government issues the Resolution No. 148/NQ-CP on further implementation of Resolution No. 42/2017/QH14 regarding pilot disposal of bad debts of credit institutions.

02/10/2023

Vietnam shall have 30 airports and aerodromes by 2030

This is one of the important contents prescribed in Decision No. 648/QD-TTg approving the overall master plan for the development of the national system of airports and aerodromes for the 2021-2030 period, with a vision toward 2050.

29/09/2023

04 objectives not eligible to the collection of voters’ opinions on adjustment of administrative boundaries

On August 24, 2023, the Government issues the Decree No. 66/2023/ND-CP on amending and supplementing a number of articles of the Decree No. 54/2018/ND-CP guiding the collection of voters’ opinions on the establishment, dissolution, merger, separation and adjustment of boundaries, of administrative units.

27/09/2023

Vietnam to apply regulatory sandbox for development of circular economy

A regulatory sandbox for the development of a circular economy would be soon adopted for application in four potential fields, namely agriculture, forestry and aquaculture; industry; energy; and construction materials.

26/09/2023

Insurance-related violators to face heftier fines

The Ministry of Finance (MOF) has recently proposed raising fine levels for a lot of violations insurance-related violations, according to a draft decree revising the decrees concerning the sanctioning of administrative violations in the field of insurance business and lottery business, including Decree 98 of 2013, Decree 48 of 2018, Decree No. 80 of 2019, and Decree 102 of 2021.

26/09/2023

From January 01, 2024, only employ foreign workers after failing to recruit Vietnamese workers

This is one of the important contents prescribed in the Decree No. 70/2023/ND-CP on amending a number of the Decree No. 152/2020/ND-CP on foreign workers in Vietnam and recruitment and management of Vietnamese workers working for foreign organizations and individuals in Vietnam.

22/09/2023

From October 16, 2023: Increase 20% of fees in medical sector

On August 30, 3023, the Ministry of Finance issues Circular No. 59/2023/TT-BTC on prescribing fees in the medical sector, and collection, transfer, management, and use thereof.

21/09/2023

New Decree on foreign workers in Vietnam

On September 18, 2023, the Government issues Decree No. 70/2023/ND-CP on amending and supplementing a number of Articles of Decree No. 152/2023/ND-CP on foreign workers in Vietnam and recruitment and management of Vietnamese workers working for foreign organizations and individuals in Vietnam.

21/09/2023

Supplement 03 countries for Preferential Export Tariff and Special Preferential Import Tariff

On September 07, 2023, the Government issues Decree No. 68/2023/ND-CP on amending and supplementing a number of articles of Decree No. 115/2022/ND-CP on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff.

19/09/2023

More policies proposed to unlock investment flow into transport projects

The Ministry of Planning and Investment (MPI) has submitted to the Government a draft resolution on pilot implementation of policies in order to pave the way for investment in transport projects across the country.

18/09/2023

Format of domestic PPA from October 16, 2023

The Ministry of Industry and Trade has the guidance on power purchase agreements serving domestic purposes at Circular No. 16/2023/TT-BCT dated August 31, 2023.

15/09/2023

Papers for foreigners to carry out vehicle registration in Vietnam

I am a foreign expat currently working in Vietnam and have been granted a residence permit with a validity period of three years. I’m considering buying a motorbike or a car for use in Vietnam. What papers do I need for the vehicle registration process?

13/09/2023

How can foreigners register vehicles in Vietnam?

I am a foreign expat currently working in Vietnam and have been granted a residence permit with a validity period of three years. I’m considering buying a motorbike or a car for use in Vietnam. Can I register the vehicle under my name and what is the procedure for vehicle registration?

07/09/2023

Vietnam expects to apply global minimum tax in 2024

The Ministry of Finance has recently submitted the Government a draft resolution on the imposition of top-up corporate income tax under the Global Anti-Base Erosion (GloBE) model rules, which is expected to be adopted by the National Assembly for application from the beginning of next year.

05/09/2023

Country approves national energy master plan for 2021-30 period

By 2030, Vietnam will establish and develop several clean energy centers in the northern, central, and southern regions, and develop new energy production to meet domestic and export demands. The capacity of green hydroelectricity production is estimated at about 100,000-200,000 tons per year by 2030 and about 10-20 million tons annually by 2050.

05/09/2023

More investments lured to just energy transition process

From now to 2030, it is required to formulate and perfect the legal framework to facilitate the attraction of investors, businesses and people to engage in the just energy transition process and promote technology transfer.

05/09/2023

National important transport projects need accelerating: PM

Prime Minister Pham Minh Chinh on September 3 signed to promulgate Official Letter 780/CD-TTg, asking ministries and localities to speed up the progress of national important transport projects.

05/09/2023

Vietnam issues plan to implement Glasgow declaration on forests

Vietnam will closely manage natural forests, and gradually deal with forest and land degradation by 2025, according to Decision No. 993 dated August 24, on the national plan for implementation of the Glasgow Leaders’ Declaration on Forests and Land Use

29/08/2023

Supplement regulations on resources to support planning activities

The Government issues Decree No. 58/2023/ND-CP on amending and supplementing a number of Articles of Decree No.37/2019/ND-CP on detailing a number of articles of the Planning Law. In which, supplement regulations on resources to support planning activities.

28/08/2023