Vietnam parliament to vote on landmark laws on land, credit institutions next week
The National Assembly, Vietnam’s highest legislative body, is set to conduct an extraordinary meeting next week, featuring votes on the draft amended laws on land and credit institutions.
The 15th tenure of the National Assembly will conduct its fifth extraordinary meeting on January 15-18, the National Assembly Standing Committee announced Monday.
The parliament will also vote on a resolution on special mechanisms to speed up key national target programs, and discuss changes to medium-term public investment in 2021-2025 and public investment in state utility Vietnam Electricity (EVN).
National Assembly Chairman Vuong Dinh Hue (standing) chairs a meeting to preview the National Assembly's fifth extraordinary meeting in Hanoi, January 8, 2024. Photo courtesy of the National Assembly.
Previewing the meeting, National Assembly Chairman Vuong Dinh Hue said the draft amended Law on Land was initially subject to an approval vote at the National Assembly’s sixth meeting in November last year. However, the voting was delayed to address controversial issues.
The draft law, which has collected around 12 million comments, now needs to clarify three key issues: land acquisition for commercial housing projects, land evaluation methods, and the land development fund.
Regarding the draft amended Law on Credit Institutions, Hue asked the National Assembly Standing Committee to analyze and update terms related to early intervention and special control, cross ownership, and handlings of bad debts and collateral.
Vietnam’s current Land Law took effect in July 2014. Since 2019, the law has undergone many draft changes, but the NA has delayed voting on it several times. At the last biannual meeting in November, the parliament was originally set to approve nine draft laws, including the draft amended Land Law.
However, the NA then updated the agenda and the vote was left out, as many contents still needed more discussions. Major approved bills at the last meeting included a resolution on the global minimum tax (GMT), the amended Law on Real Estate Business, and the amended Law on Housing.
- Related News
- Read More
Vietnam's central bank struggles to rein in cross-ownership
Cross-ownership and bank manipulation in Vietnam have eased, yet control remains elusive as shareholders and related parties conceal ownership through nominees, the State Bank of Vietnam (SBV) said in a report to the country’s legislature.
Banking - Mon, October 20, 2025 | 8:34 am GMT+7
Viettel Post-invested $27 mln logistics center project breaks ground in central Vietnam
Viettel Post, a subsidiary of military-run Viettel Group, has broken ground on an over VND722 billion ($27.41 million) logistics center project in Danang city, which is expected to enhance the logistics capacity of Vietnam's central and Central Highlands regions.
Industries - Sun, October 19, 2025 | 7:35 pm GMT+7
Vietnam's stock market regulator introduces green bond disclosure handbook
By enhancing transparency and standardizing disclosures, the Green Bond Disclosure Handbook that the State Securities Commission of Vietnam (SSC) introduced will build investor trust, reduce greenwashing risks, and support the growth of a credible and resilient green finance market in Vietnam.
Finance - Sun, October 19, 2025 | 2:11 pm GMT+7
Central Vietnam province Lam Dong seeks investment for 72 projects
The Lam Dong province People's Committee has called for investment in 72 projects across various sectors which are set for implementation in 2025 and the 2026-2030 period.
Industries - Sun, October 19, 2025 | 1:31 pm GMT+7
Vietnam's leading conglomerate Vingroup ventures into senior living market
Vingroup JSC (HoSE: VIC) has unveiled Vin New Horizon, a network of premium retirement and wellness communities built to international standards, marking the Vietnamese conglomerate’s strategic entry into the senior living market.
Industries - Sun, October 19, 2025 | 12:28 pm GMT+7
Vietnam’s agri major HAGL makes surprise return to property, saying land plot forgotten for 15 years
Vietnam’s agri major Hoang Anh Gia Lai JSC's (HAGL) return to real estate is an accident, after discovering a plot of land the company had “forgotten for 15 years” during its boom years, said chairman Doan Nguyen Duc.
Companies - Sun, October 19, 2025 | 10:02 am GMT+7
REE to set up 2 subsidiaries for wind projects in southern Vietnam
Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (HoSE: REE) has decided to establish two wholly-owned subsidiaries to develop two wind power projects in Vinh Long province, expanding its renewable energy portfolio in southern Vietnam.
Energy - Sun, October 19, 2025 | 8:00 am GMT+7
Australian CEO detained, NSH Petro’s recovery hopes collapse
The recovery prospects of NSH Petro (PSH) have dimmed after its Australian CEO was detained on allegations of fraud involving false promises of billion-dollar financing that led to the misappropriation of nearly $4.9 million.
Companies - Sat, October 18, 2025 | 6:53 pm GMT+7
Maintaining market status upgrade a bigger challenge: official
Vietnam's stock market status will be upgraded by FTSE Russell from "frontier" to "secondary emerging" from September 21 next year, but continued reform is critical as the bigger challenge is to maintain the new classification, said a market watchdog official.
Finance - Sat, October 18, 2025 | 1:30 pm GMT+7
HCMC partners with Nasdaq to develop int’l financial center
The Finance Department of Vietnam’s southern metropolis Ho Chi Minh City has signed an MoU with the U.S.-based stock exchange Nasdaq on the development of an international financial center (IFC).
Top News - Sat, October 18, 2025 | 11:56 am GMT+7
Vingroup plans $325 mln issuance of international bonds
Vietnam's leading private conglomerate Vingroup (HoSE: VIC) has announced a board of directors resolution to issue $325 million worth of international bonds, with a five-year term and a yield of 5.5% per year.
Companies - Sat, October 18, 2025 | 10:26 am GMT+7
Vietnam raises personal income tax deductions by over 40%
The Standing Committee of Vietnam’s National Assembly, the country's legislature, on Friday approved a resolution on adjusting personal income tax (PIT) deductions, marking a significant increase of over 40% from current levels.
Economy - Sat, October 18, 2025 | 9:11 am GMT+7
EVN subsidiary spreads the spirit of solidarity, compassion
The employees of National Power Transmission Corporation (EVNNPT) came together in an inspiring display of unity and compassion in October, each donating one day’s salary to support and express solidarity with the people of Cuba - a nation that has long shared a special friendship with Vietnam.
Companies - Sat, October 18, 2025 | 9:00 am GMT+7
Property fever prompts tighter inspection in central Vietnam's economic hub Danang
Chairman of Danang city People’s Committee, Pham Duc An, has ordered a comprehensive inspection and audit of land valuation and auction activities to prevent and address market manipulation that could destabilize the local property market.
Real Estate - Sat, October 18, 2025 | 8:00 am GMT+7
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 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
