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The National Assembly Standing Committee has taken significant steps to shape Vietnam’s legislative landscape by adopting Resolution 59/2024/UBTVQH15. This resolution introduces key adjustments to the 2025 Law- and Ordinance-Making Program, underscoring a commitment to addressing pressing legal and societal needs. Key Additions to the 2025 Legislative Program Under Resolution 59/2024/UBTVQH15, adopted on December 11, the…
03
Jan
Jan
On October 31, 2024, the Minister of Education and Training of Vietnam issued Decision No. 3278/QD-BGDDT, announcing the amended administrative procedures in education and training with foreign countries under the management of the Ministry of Education and Training of Vietnam. This includes the detailed procedure for establishing a representative office of a foreign educational institution…
30
Dec
Dec
On November 9, 2024, Vietnam’s government unveiled Decree No. 147/2024/ND-CP, marking a significant shift in the regulation of internet services. This groundbreaking regulation, set to take effect on December 25, 2024, replaces the decade-old Decree No. 72/2013/ND-CP and its subsequent amendments. With over 200 pages of provisions and an extensive appendix containing 62 forms, Decree…
31
Dec
Dec
Vietnam’s e-commerce sector has witnessed remarkable growth, becoming a cornerstone of modern business practices. Acknowledging the significant opportunities and challenges posed by this rapidly expanding industry, Prime Minister Pham Minh Chinh has directed relevant ministries and local authorities to tighten state management of e-commerce through official telegram 119/CD-TTg dated November 25. E-commerce: A Booming Sector…
03
Dec
Dec
On November 30, during its 8th session, Vietnam’s 15th National Assembly approved the much-anticipated Data Law, setting a significant milestone in the nation’s digital transformation journey. Passed through a streamlined single-session procedure, this law underscores Vietnam’s commitment to leveraging technology for comprehensive digital development. It provides a legal framework to establish a robust digital infrastructure,…
01
Nov
Nov
Vietnam is about to enact legislation that could unlock significant foreign investment in its burgeoning semiconductor industry. The Ministry of Information and Communications has been leading the drafting of a law focused on digital technology. The draft law includes essential provisions aimed at fostering the semiconductor sector, a cornerstone of Vietnam’s digital economy. Semiconductors are…
22
Oct
Oct
On September 24, 2024, the Vietnamese government released the first draft of a new Law on Personal Data Protection (PDPL) for public consultation. This draft law marks a significant enhancement of Vietnam’s data protection framework, with stricter provisions compared to the current Personal Data Protection Decree (PDPD). Set to potentially take effect on January 1,…
12
Oct
Oct
On September 30, 2024, the State Bank of Vietnam (SBV) issued Circular 46/2024/TT-NHNN, introducing new regulations on USD deposit interest rates applicable to organizations and individuals at credit institutions and foreign bank branches. This circular is set to take effect on November 20, 2024, and brings notable changes to the way USD deposit interest rates…
29
Sep
Sep
With the enactment of the 2024 Law on Credit Institutions, Vietnam aims to establish a robust legal framework that addresses the challenges faced by credit institutions, particularly those experiencing liquidity risks and poor performance. This law comprises 210 articles and seeks to rectify shortcomings of the previous 2010 Law on Credit Institutions while promoting the…
01
Oct
Oct
Vietnam’s General Department of Customs (GDC) has recently issued Official Letter No. 3747/TCHQ-TXNK to strengthen the management of duty-incentivized projects undergoing ownership changes. This follows an increase in reports from provincial and municipal customs departments regarding related complications. In response, the GDC has outlined the conditions and procedures for ownership changes in investment-incentivized projects, citing…
