The Government has issued Decree No. 64/2026/NĐ-CP dated February 28, 2026, detailing a number of articles of, and providing measures for implementation of, the Law on Recovery and Bankruptcy regarding the enforcement of decisions declaring enterprises and cooperatives bankrupt, which takes effect from March 1, 2026.
From March 1, 2026, enforcers have the right to request the temporary suspension or termination of the organization of asset auctions and auction sessions.
According to Clause 1 Article 15 of Decree No. 64/2026/NĐ-CP, additional provisions stipulate that the enforcer has the right to request the asset management officer or asset management and liquidation firm to request the auction practice organization, asset auction council, or auctioneer to temporarily suspend or terminate the organization of the auction or auction session where there are grounds as prescribed by the law on civil judgment enforcement.
In addition, Article 15 provides that the asset management officer or asset management and liquidation firm shall immediately comply with the enforcer’s request; where such request is not complied with, it/he/she shall bear responsibility, and where damage is caused, compensation shall be made in accordance with the law.
Vietnam would develop eight key multimedia press agencies by 2030 under a draft strategy aimed at improving press quality and competitiveness, strengthening the economic sustainability of press agencies and accelerating digital transformation.
Deputy Prime Minister Ho Quoc Dung has signed a decision approving a plan to develop large domestic strategic technology enterprises in the 2026-30 period, aimed at advancing digital infrastructure, digital human resources, digital data, strategic technologies and cybersecuri ty.
In addition to incorporating E10RON95-III gasoline into the price management mechanism, the Government, under Resolution No. 29/2026/NQ-CP, has assigned the Ministry of Finance to study tax policies aimed at encouraging the use of biofuels.
The country also aims to support at least 500,000 small and medium-sized enterprises in digital transformation, develop a minimum of five digital technology companies capable of competing with counterparts in advanced economies, and establish at least five operational data exchanges.
A draft decree detailing a number of articles of the National Assembly’s Resolution 28/2026/QH16 on the development of Vietnamese culture, which is currently undergoing assessment by the Ministry of Justice, devotes a significant portion to regulations on cultural heritage cities.
A draft law designed to streamline procedures, reduce business conditions and decentralise powers across 10 laws in the agriculture and environment sector could be submitted to the National Assembly for approval this year.
The gift level of 600,000 VND will be granted to Heroic Vietnamese Mothers currently receiving monthly preferential allowances, and individuals who had been awarded the title of before July 28, 2026, but had not yet completed procedures to receive monthly preferential benefits.
The Government has recently approved two policy groups for a draft law revising the laws on commerce, competition, foreign trade management, and protection of consumers’ rights, aiming to accelerate administrative reform, remove legal bottlenecks, and foster a more transparent business environment.
The new decision provides the legal framework for Vietnam to receive international aid during emergencies and to send forces overseas to assist disaster-hit countries.
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