Want to be in the loop?
subscribe to
our notification
Business News
SIX LAWS TAKE EFFECT SINCE JULY
A series of new laws on anti-corruption, university education, public security, coast guard, amnesty, and competition shall come into effect since July, 2019.
Asset declaration
The 2018 Law on Anti-corruption, comprising of ten chapters and 96 articles, expands the scope of anti-corruption activities to non-State sector.
Under the law, cadres, civil servants and public employees shall have to declare their assets and incomes. Untrue declaration of asset and income information shall be subjected to warning or dismissal.
The Law takes effect since July 1, 2019.
Increasing autonomy of universities
The revised Law on Tertiary Education, passed by the National Assembly in November last year, comes into effect from July 1, 2019.
The Law is expected to help universities be more dynamic and creative by allowing more autonomy to them.
Another change is the legalization of the university council, accordingly, the council shall have the highest power in the university, particularly the right to appoint the Rector and other senior positions.
Shortening time of national service
The 2018 Law on Public Security comprises seven chapters and 46 articles on organization, operation, position, function, tasks, rights, regime, policies of police, responsibilities of relevant agencies, organizations as well as individuals.
Under the law, time required for citizens in the enlistment age group for service in the People’s Security Forces shall be reduced to 24 months from the current 36 months.
However, the Minister of Public Security, according to the 2018 Public Security Law has the authority to extend the time of the national service of police enlistees by up to six months in case of emergencies.
New regulations on Viet Nam Coast Guard
The Law on the Viet Nam Coast Guard, adopted by the National Assembly on November last year, takes effect since July 1, 2019.
With 41 articles arranged in eight chapters, the Law defines the position, functions, tasks, powers, organization and operation of the Viet Nam Coast Guard, and regimes and policies applicable to this force.
Under the law, the Viet Nam Coast Guard performs three functions including (1) advising the Minister of National Defense to promulgate, or propose to the Party and the State, policies and laws on protection of national security and order and safety at sea; (2) protecting national sovereignty, sovereign rights and jurisdiction in the maritime zones of Viet Nam; (3) managing security, order and safety at sea and ensure the observance of Viet Nam’s law, treaties to which Viet Nam is a contracting party, and international agreements.
16 cases shall not be granted special amnesty
The revised Law on Amnesty consists of six chapters with 39 articles, stipulating the principles, time, order, procedure, jurisdiction, and responsibility of implementing amnesty; the conditions, rights, and obligations of those who are offered pardon; as well as the rights and obligations of amnesty recipients.
Subject to the law are convicts with prison terms, including life sentences; agencies, organizations, and citizens of Viet Nam; foreigners residing in Viet Nam; as well as foreign and international organizations operating in Viet Nam related to amnesty activities.
The law also specifies 16 cases that shall not be granted special amnesty, including treason and espionage.
Fresh regulations on competition
The Law on Competition 2018 consists of 121 articles and ten chapters.
It governs anti-competitive acts and economic concentrations of both Vietnamese and foreign organizations, agencies and individuals, provided that such anti-competitive acts and economic concentrations have or potentially have a “competition restraining impact” on Vietnamese market.
The Law provides new types of prohibited anti-competitive agreements, including: (i) agreements to share customers, (ii) agreements not to trade with parties not participating in the agreements, (iii) agreements to restrain the product sale market or sources of supply of goods and services of parties not participating in the agreements, and (iv) “other agreements” which have or potentially have competition restraining impacts.
Source: VGP
Related News
DOING BUSINESS WITH CHINA 2.0
As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.
VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS
Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS
Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1
Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.
VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026
In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.
US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH
Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors. The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.
























