Vietnam legislature’s ongoing session to mark 'historic breakthrough in institutional reform'

By Thang Quang, Minh Hue
Mon, May 5, 2025 | 3:53 pm GMT+7

The National Assembly's session which opened on Monday morning will make a critical step forward in institutional reform, paving the way for a new era of modernization, digital transformation, green growth, and sustainable development, said the parliament's Chairman Tran Thanh Man.

National Assembly Chairman Tran Thanh Man delivers an opening speech at the legislature's session on May 5, 2025. Photo courtesy of the legislature.

National Assembly Chairman Tran Thanh Man delivers an opening speech at the legislature's session on May 5, 2025. Photo courtesy of the legislature.

In his opening remarks, Man emphasized that the laws and resolutions passed during the extraordinary session in February 2025 have played a key role in advancing the comprehensive restructuring of the political system.

These reforms have eliminated institutional bottlenecks and created new opportunities for development, enabling the nation and localities to unlock resources and expand growth in alignment with the Party’s strategic directives.

Constitutional amendment: A strategic task

The ongoing sitting will span 37 working days over two phases, making it one of the most substantial sessions in the legislature’s history. Its agenda covers constitutional and legislative work, supreme oversight, and key national decisions.

Regarding constitutional reform, Man said the session will consider and adopt a resolution to amend and supplement several articles of the 2013 Constitution.

He described the effort as a politically and legally strategic mission that aims at institutionalizing major Party guidelines, particularly the reorganization of the state apparatus toward a lean, efficient, effective, and people-centered model.

To implement this initiative, the parliament will establish a drafting committee with a renewed approach to methodology and process. A key element will be extensive public consultation, which will serve as the foundation for revising and finalizing the draft resolution. The final version is expected to be adopted by June 30, 2025, and take effect from July 1, 2025.

During the session, the legislative body is scheduled to pass 34 draft laws and 14 draft resolutions, and seek feedback on six other bills.

These cover crucial areas including government organization, national defense and security, judicial reform, public finance, education, science and technology, data protection, innovation, and digital transformation.

On socio-economic and fiscal matters, the legislature will review and decide on a range of strategic issues related to development, national defense, security, and international integration.

These include approval of the 2023 state budget settlement, a supplemental assessment of the 2024 socio-economic development and budget execution, and a plan for 2025.

Man stated that the National Assembly plans to allocate at least 3% of the 2025 state budget to science and technology, innovation, and digital transformation, with the goal of achieving 8% GDP growth in 2025 and double-digit expansion in the following years.

Additional key legislative items include a resolution on merging some cities and provinces, the formation of a National Election Council, a decision to shorten the term of the current 15th National Assembly and all-level People’s Councils (2021-2026), and setting the election date for the 16th National Assembly and new People’s Councils for the 2026-2031 term.

The National Assembly Standing Committee will also issue resolutions on reorganization of commune-level administrative units.

1.5 days for Q&As

According to the top legislator, a total of 1.5 days will be dedicated to question-and-answer (Q&A) activity, focusing on areas directly impacting people’s lives and state management.

The legislature will also review the results of the 2025 oversight program and adopt the oversight agenda for 2026.

Man reaffirmed the historic significance of the ongoing session, describing it as a pivotal step in driving institutional reform which will usher Vietnam into a new phase of sustainable and modern development.

The session is scheduled to conclude on June 30.

Comments (0)
  • Read More
Vietnam mulls opening door for private investment in small modular reactors

Vietnam mulls opening door for private investment in small modular reactors

Vietnam’s Ministry of Industry and Trade has drafted a parliamentary resolution that, for the first time, would allow private companies to participate in the development of small modular nuclear reactors (SMRs).

Energy - Fri, October 17, 2025 | 4:37 pm GMT+7

Kido seeks buyer for remaining 49% stake in frozen food affiliate

Kido seeks buyer for remaining 49% stake in frozen food affiliate

Kido Group (HoSE: KDC), a leading food company in Vietnam, has approved a plan to divest the firm's remaining 49% stake in its affiliate Kido Frozen Food JSC (Kido Foods).

Companies - Fri, October 17, 2025 | 4:25 pm GMT+7

Le Ngoc Quang appointed Danang city's Party chief

Le Ngoc Quang appointed Danang city's Party chief

Le Ngoc Quang, a Party Central Committee member and Party chief of Quang Tri province, has been appointed Party chief of Danang for the 2025-2030 term - the highest position in the city, central Vietnam's economic hub.

Politics - Fri, October 17, 2025 | 4:17 pm GMT+7

T&T Group seeks to reshape north-central Vietnam’s urban landscape with major projects

T&T Group seeks to reshape north-central Vietnam’s urban landscape with major projects

Multi-sector conglomerate T&T Group is developing a model eco-urban complex in Ha Tinh province and plans to build a massive 236-hectare urban area in neighboring Nghe An, with an aim to reshape north-central Vietnam's urban landscape.

Investing - Fri, October 17, 2025 | 2:44 pm GMT+7

Toyota plans $359 mln plant expansion in northern Vietnam

Toyota plans $359 mln plant expansion in northern Vietnam

Toyota Motor Vietnam (TMV) plans to invest about VND9.46 trillion ($359.2 million) in the first phase of its plant expansion project in Phu Tho province.

Investing - Fri, October 17, 2025 | 2:09 pm GMT+7

PVI Insurance sees 9-month profit before tax more than doubling

PVI Insurance sees 9-month profit before tax more than doubling

PVI Insurance has reaffirmed its position as the No. 1 non-life insurer in Vietnam, with total revenue increasing nearly 1.4 times in the first nine months of 2025 and pre-tax profit more than doubling year-on-year - surpassing its full-year targets for both revenue and profit.

Companies - Fri, October 17, 2025 | 9:08 am GMT+7

Vingroup to develop 4,600ha coastal urban project in northern Vietnam

Vingroup to develop 4,600ha coastal urban project in northern Vietnam

A consortium of Vingroup (HoSE: VIC) and its real estate arm Vinhomes (HoSE: VHM) will develop a 4,600-hectare coastal urban complex in Ha An ward, Quang Ninh province, following local authorities’ approval of a zoning plan.

Real Estate - Fri, October 17, 2025 | 8:30 am GMT+7

Indonesia resumes int’l carbon trading after 4-year hiatus

Indonesia resumes int’l carbon trading after 4-year hiatus

Indonesian President Prabowo Subianto has issued a new decree to restart international carbon emissions trading after a four-year hiatus.

Southeast Asia - Thu, October 16, 2025 | 9:23 pm GMT+7

Investors seek 2-year delay for $2.56 bln LNG power project in northern Vietnam, citing equipment hurdles

Investors seek 2-year delay for $2.56 bln LNG power project in northern Vietnam, citing equipment hurdles

Investors of a $2.56 billion LNG-fired power plant in Hung Yen province have proposed delaying the project’s commercial operation schedule by two years due to difficulties securing key equipment.

Energy - Thu, October 16, 2025 | 9:04 pm GMT+7

Vietnam to soon raise taxpayers' personal deduction: official

Vietnam to soon raise taxpayers' personal deduction: official

The personal income tax deduction in Vietnam is "very likely" to increase to VND21.7 million ($823,940) per month, including VND15.5 million (588,530) for the taxpayer and VND6.2 million ($235,410) for each dependent.

Finance - Thu, October 16, 2025 | 6:25 pm GMT+7

Business confidence climbs as reforms gain traction amid global headwinds: EuroCham Vietnam

Business confidence climbs as reforms gain traction amid global headwinds: EuroCham Vietnam

The index climbed to 66.5, surpassing pre-tariffs level and reaching its highest in three years – showcasing resilience and adaptability amid global headwinds and evolving U.S. tariff pressures.

Economy - Thu, October 16, 2025 | 4:36 pm GMT+7

Vietnam's stock market watchdog suspends two Grant Thornton auditors

Vietnam's stock market watchdog suspends two Grant Thornton auditors

Vietnam's State Securities Commission (SSC) has suspended two auditors from Grant Thornton Vietnam after determining that the 2024 audited financial statements of Saigon Water Infrastructure Corporation (HoSE: SII) failed to meet required standards.

Finance - Thu, October 16, 2025 | 3:35 pm GMT+7

Law No. 56 a major policy breakthrough for Vietnam's stock market development

Law No. 56 a major policy breakthrough for Vietnam's stock market development

The Law No. 56, effective January 1, 2025, is one of the major legal breakthroughs in recent years that will enhance the transparency and operational efficiency of the Vietnamese stock market.

Finance - Thu, October 16, 2025 | 2:30 pm GMT+7

WHA Group breaks ground on smart technology industrial zone in central Vietnam

WHA Group breaks ground on smart technology industrial zone in central Vietnam

Thailand's WHA Group on Tuesday broke ground on a world-class, modern, and environmentally friendly industrial zone in central Vietnam, namely the WHA Smart Technology Industrial Zone-Thanh Hoa.

Real Estate - Thu, October 16, 2025 | 2:00 pm GMT+7

Vietnam a key partner in Murphy Oil’s global strategy: exec

Vietnam a key partner in Murphy Oil’s global strategy: exec

Vietnam remains a key partner in Murphy Oil’s global business strategy, said Eric Hambly, the U.S. corporation's president and CEO.

Companies - Thu, October 16, 2025 | 12:06 pm GMT+7

VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center

VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center

State-owned Vietnam Posts and Telecommunications Group (VNPT) and Qualcomm have officially launched the VNPT-Qualcomm Excellence Center (VQEC), the first facility in the country to operate under an original design co-development model using Qualcomm’s core technologies.

Companies - Thu, October 16, 2025 | 8:41 am GMT+7