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Disparities in free-trade zone incentives can lead to uneven development

Hai Phong plans to establish a 6,470 hectare free trade zone (FTZ), offering outstanding investment incentives such as exemptions from land rents and specialized inspections for qualified goods.

Lawmakers urge stronger incentives to boost railway sector

The 15th National Assembly (NA) deliberated the draft revised Railway Law at its 9th session on June 18, with the majority of lawmakers stressing that the law is essential to institutionalise the Party’s guidelines and the State's policies.

National Assembly kicks off hearing session on June 19

Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.

Fake drugs exist on the market, not in hospitals, says Health Minister

Health Minister Dao Hong Lan affirmed that through competitive bidding, all medications supplied to hospitals must have verified origins. Therefore, while counterfeit drugs may exist in the marketplace, they are not present in hospitals.

Vietnam to repurpose surplus public assets for essential social services

“Surplus public assets following local government restructuring will be prioritized for educational and healthcare institutions,” said Minister of Finance Nguyen Van Thang in his address to the National Assembly on June 18.

Defense Minister highlights sacrifices of female peacekeepers

At a National Assembly session, Defense Minister Phan Van Giang acknowledged the extraordinary challenges and contributions of Vietnam's female UN peacekeepers.

Vietnam to unify railway project mechanisms under revised law

Minister of Construction Tran Hong Minh emphasized that the revision of the Railway Law aims to consolidate all special mechanisms for railway development projects into a single, unified legal foundation.

Vietnam to reduce VAT to 8% and introduce new business ownership rules

Starting from July 1, 2025, to December 31, 2026, the value-added tax (VAT) rate will be reduced to 8% for specific goods and services as outlined in Clause 3, Article 9 of the Law on VAT.

Vietnam aims to attract private investment in railway industry

The National Assembly's Science, Technology and Environment Committee has urged the drafting agency to seek higher-level approval for special mechanisms and policies outlined in the amended draft of the Railway Law.

Vietnam adopts two-tier government structure, phasing out district level

The National Assembly passes a historic reform, simplifying local governance to province and commune levels.

New law bars celebrities from promoting products they don’t understand

On the morning of June 16, the National Assembly passed an amended law on advertising, increasing accountability for advertisers, especially celebrities and influencers.

Vietnam expands unemployment insurance coverage under new law

The amended Employment Law broadens coverage to part-time and short-term contract workers, taking effect in 2026.

Sugary drinks, alcohol, and cigarettes to face higher taxes in Vietnam

Lawmakers have approved a new tax regime targeting public health risks like sugary beverages, tobacco, and alcohol.

Historic resolution marks bold administrative reform in Vietnam

With a landmark vote, Vietnam reduces its provinces from 63 to 34, advancing an ambitious plan to streamline governance and foster sustainable development.

Private sector to contribute over USD 2 billion to HCM City Ring Road 4

Officials push for flexible investment rules to advance major road network project.

Vietnam advances plan for global financial centers in HCMC and Da Nang

The National Assembly debated a bold plan to establish financial hubs in HCMC and Da Nang with advanced regulatory frameworks.

Vietnam now has 34 provincial-level administrative units

The reform is expected to save more than 190 trillion VND (7.3 billion USD) in the 2026–2030 period.

Vietnam bets on two cities for one international financial center

Vietnam’s upcoming international financial center will follow a “one center, two destinations” model, operating jointly from Ho Chi Minh City and Da Nang.

NA adopts resolution on reorganisation of provincial-level administrative units

The National Assembly (NA) is deliberating and voting to pass a resolution on provincial-level administrative unit reorganisation in 2025 at the 9th session on June 12.

Revised press law proposal: introducing a media conglomerate framework

Presenting the revised Press Law project, the Ministry of Culture, Sports, and Tourism (MCST) has proposed adding regulations on major multimedia media groups and local press groups.