Vietnam parliament to okay 15 draft laws, consider transnational high-speed railway proposal

By Thai Ha
Tue, October 22, 2024 | 2:57 pm GMT+7

The ongoing session of the National Assembly, Vietnam’s highest legislative body, is scheduled to approve 15 draft laws, including those related to investment, pharmacy, bidding, and securities.

Among such draft laws are the amended Trade Union Law; Law on Geology and Minerals; Law on Fire Prevention, Fighting and Rescue; Law on Rural and Urban Planning; and the amended Value Added Tax Law.

The parliament is also set to okay amendments and supplements to a number of articles of the Pharmacy Law; Planning Law; Investment Law; Law on Public-Private Partnership Investment; Bidding Law; Law on Securities; Law on Accounting, Law on Independent Audit, and Law on Tax Administration.

The National Assembly gathering on October 21, 2024. Photo courtesy of the parliament's news portal.

The National Assembly gathering on October 21, 2024. Photo courtesy of the parliament's news portal.

Parliament members will give opinions on 13 other draft laws, including the Law on Digital Technology Industry; Law on Data; the amended Electricity Law; the amended Law on Chemicals; Law on Management and Investment of State Capital at Enterprises; the amended Law on Special Consumption Tax; the amended Law on Corporate Income Tax; the amended Law on Employment; and the Law amending and supplementing a number of articles of the Advertising Law.

They will consider and decide on some socio-economic issues, state budget allocation for 2025, personnel issues, among others.

The legislative body is also scheduled to consider upgrading Thue Thien Hue province's status to a centrally-managed city and a North-South high-speed raiway proposal from the government.

The National Assembly meeting this time will take place within 29.5 days, including two phases. Phase 1 will last from October 21 to November 13, and phase 2 from November 20 to the morning of November 30.

On the first day of the session, Monday October 21, Luong Cuong, a permanent member of the Party Central Committee’s Secretariat, was elected by the parliament as Vietnam’s State President for the term 2021-2026.

Comments (0)
  • Read More
VinaCapital fully divests from Vietnam’s private hospital chain Tam Tri

VinaCapital fully divests from Vietnam’s private hospital chain Tam Tri

The Vietnam Opportunity Fund (VOF), managed by VinaCapital, has announced its full divestment from local hospital chain Tam Tri Medical, according to a filing with the London Stock Exchange.

Finance - Tue, June 10, 2025 | 4:43 pm GMT+7

CapitaLand breaks ground on its first luxury low-rise project in northern Vietnam

CapitaLand breaks ground on its first luxury low-rise project in northern Vietnam

Singapore's CapitaLand Development (CLD) has broken ground on The Fullton, a luxury low-rise residential development with a gross development value of approximately $800 million.

Real Estate - Tue, June 10, 2025 | 4:26 pm GMT+7

Vietnam’s major affordable housing developer Hoang Quan appoints new CEO

Vietnam’s major affordable housing developer Hoang Quan appoints new CEO

Hoang Quan Real Estate Consulting-Trading-Services JSC (HoSE: HQC), a major affordable housing developer in Vietnam, has appointed Nguyen Long Trieu as its new general director, effective from Monday.

Real Estate - Tue, June 10, 2025 | 4:00 pm GMT+7

US Cargill announces exit from aquafeed business in Vietnam

US Cargill announces exit from aquafeed business in Vietnam

Cargill, one of the leading animal feed producers in the U.S., has withdrawn from the aquafeed business in Vietnam, said Maxime Hilbert, interim general manager for aqua nutrition at Cargill Thailand & Vietnam.

Industries - Tue, June 10, 2025 | 3:26 pm GMT+7

USD price likely to hit record high of VND26,300 in Q3, drop to VND26,100 in Q4: UOB

USD price likely to hit record high of VND26,300 in Q3, drop to VND26,100 in Q4: UOB

Singaporean bank UOB on Monday said its updated forecasts on the USD/VND exchange rate are VND26,300 per USD in Q3/2025; 26,100 in Q4/2025; 25,900 in Q1/2026; and 25,700 in Q2/2026.

Economy - Tue, June 10, 2025 | 2:38 pm GMT+7

Four pillars set stage for Vietnam private sector breakthrough: expert

Four pillars set stage for Vietnam private sector breakthrough: expert

The four resolutions recently issued by the Politburo, Vietnam's highest decision-making body, mark a critical turning point, opening up major opportunities for Vietnam’s private sector to thrive, said Tran Du Lich, former director of the Ho Chi Minh City Institute of Economics.

Economy - Tue, June 10, 2025 | 12:37 pm GMT+7

How Vietnam’s functional food market evolves

How Vietnam’s functional food market evolves

With the presence of major domestic and international brands, along with strong government efforts to dismantle counterfeit product rings, Vietnam's functional food market is expected to continue its upward trajectory in the coming time.

Economy - Tue, June 10, 2025 | 12:18 pm GMT+7

Visa introduces Click to Pay in Vietnam for online shopping experience 'transformation'

Visa introduces Click to Pay in Vietnam for online shopping experience 'transformation'

Visa has introduced Click to Pay with leading banks and payment facilitators in Vietnam - the first market in Southeast Asia to see the solution that aims to transform online shopping experience.

Finance - Tue, June 10, 2025 | 8:48 am GMT+7

Vietnamese banks leverage national data integration to reach customers

Vietnamese banks leverage national data integration to reach customers

Banks in Vietnam are developing fully digital lending services, enabling customers to apply for and receive loans entirely through online platforms.

Banking - Mon, June 9, 2025 | 11:28 pm GMT+7

Vietnam’s garment-textile exports top $17 bln in five months

Vietnam’s garment-textile exports top $17 bln in five months

Vietnam’s garment and textile exports exceeded $17.58 billion in the first five months of 2025, up 9% year-on-year.

Companies - Mon, June 9, 2025 | 11:21 pm GMT+7

Vietnam's coastal hospitality real estate poised for a new wave of growth

Vietnam's coastal hospitality real estate poised for a new wave of growth

As competition intensifies and the tourism sector rapidly evolves post-pandemic, hospitality real estate investors and hotel operators are adopting more innovative approaches to optimize operations and tap into new revenue streams, write Avison Young Vietnam analysts.

Consulting - Mon, June 9, 2025 | 11:01 pm GMT+7

Rules on private placement bond issuance should be tightened: Vietnam Finance Minister

Rules on private placement bond issuance should be tightened: Vietnam Finance Minister

Allowing only companies that have liabilities five times higher than their equity at maximum to issue bonds via private placement is a necessary move to mitigate risks and prevent abuse, said Finance Minister Nguyen Van Thang.

Finance - Mon, June 9, 2025 | 6:19 pm GMT+7

EV maker VinFast commits to purchasing all output for Vietnamese suppliers

EV maker VinFast commits to purchasing all output for Vietnamese suppliers

Vietnamese electric vehicle maker VinFast has committed to purchasing all products for domestic suppliers that join its production chain.

Companies - Mon, June 9, 2025 | 5:21 pm GMT+7

Phat Dat affirms leadership role in southern Vietnam's property market following successful launch of La Pura project

Phat Dat affirms leadership role in southern Vietnam's property market following successful launch of La Pura project

The official launch of the La Pura project by Phat Dat Real Estate Development Corp on Sunday in the southern province of Binh Duong made a significant impact, with over 95% of the total inventory in the Zenia sub-zone successfully transacted.

Real Estate - Mon, June 9, 2025 | 4:07 pm GMT+7

Vietnam seeks Samsung partnership in AI-integrated chip design for data centers, telecom networks

Vietnam seeks Samsung partnership in AI-integrated chip design for data centers, telecom networks

Minister of Public Security Luong Tam Quang called on South Korean tech giant Samsung to strengthen its partnership with his ministry in developing Vietnam’s security industry.

Investing - Mon, June 9, 2025 | 3:13 pm GMT+7

Vingroup partners with e-commerce platform Shopee to develop logistics infrastructure

Vingroup partners with e-commerce platform Shopee to develop logistics infrastructure

Vietnam’s leading multi-sector conglomerate Vingroup and Shopee, the country’s top e-commerce platform, on Friday signed an MoU to develop infrastructure for e-commerce fulfillment services, enhance digital connectivity between businesses and consumers, and build a sustainable digital ecosystem.

Companies - Mon, June 9, 2025 | 11:48 am GMT+7