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amended

EXPLAINER: Why Việt Nam is amending its new Land Law

EXPLAINER: Why Việt Nam is amending its new Land Law

Việt Nam’s 2024 Land Law is now undergoing major revisions even before its full rollout, as the Government faces mounting administrative, legal and valuation roadblocks.
Việt Nam at a crossroads, seeking fair and transparent land reform

Việt Nam at a crossroads, seeking fair and transparent land reform

Việt Nam is working to build a fair and transparent land system that supports both economic growth and the needs of its people.
New solutions needed for urgent power projects

New solutions needed for urgent power projects

To meet the electricity demand with a growth rate of about ten per cent each year, the annual investment volume in power sources and grids must reach US$7.6 billion.
Amended chemical law reduces administrative procedures

Amended chemical law reduces administrative procedures

The draft of the law was released by a representative of the Department of Chemicals, Ministry of Industry and Trade at a workshop on the amended law and a strategy for the development of Việt Nam''s chemical industry, held in Hà Nội on October...
New land and housing law expected to allocate resources for economic growth

New land and housing law expected to allocate resources for economic growth

Starting August 1, 2024, three key laws - the 2024 Land Law, the amended Housing Law, and the amended Real Estate Business Law came into effect. These laws are expected to significantly boost the land, housing, and real estate markets...
Amended draft law on SCT may hinder development of local automobile industry: VCCI

Amended draft law on SCT may hinder development of local automobile industry: VCCI

The Vietnam Federation of Commerce and Industry (VCCI) has raised several concerns about the amended Draft Law on Special Consumption Tax (SCT).
New policy on reducing credit limits to have impacts on big banks, groups

New policy on reducing credit limits to have impacts on big banks, groups

A new regulation on reducing the bank credit limit for large customers under the amended Law on Credit Institutions, will adversely affect both banks and large enterprises, experts said.
New law expects to boost financial leasing

New law expects to boost financial leasing

The law, which will take effect from July 1 this year, allows financial leasing companies to establish subsidiaries to handle and exploit bad debt assets. It also states that small financial leasing deals with value under VNĐ100 million do not...
Bad debt recovery faces many challenges in 2024

Bad debt recovery faces many challenges in 2024

Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.
New land law, new momentum for Việt Nam to become high-income country

New land law, new momentum for Việt Nam to become high-income country

As land and land management are a huge and complicated issue with an important role in the country’s socio-economic development and impacting all walks of life and the business community, the new law has drawn significant attention.
NA discusses amended Law on Credit Institutions during extraordinary general meeting

NA discusses amended Law on Credit Institutions during extraordinary general meeting

After the adoption of the amendments, the law consisted of 15 chapters and 210 articles. It is anticipated that the law will come into effect on January 1, 2025.
Amended Capital Law expected to bring development opportunities in science and technology to Hà Nội

Amended Capital Law expected to bring development opportunities in science and technology to Hà Nội

The capital city of Hà Nội ranks first in favourable factors for developing science and technology in Việt Nam.
Amended law on electronic transactions to hasten digital transformation

Amended law on electronic transactions to hasten digital transformation

If the revised regulations are successfully implemented, administrative procedures will be much simpler and costs will be reduced for individuals and firms.
NA green-light private sectors participation in amended Petroleum Law

NA green-light private sector's participation in amended Petroleum Law

The amended law stressed the importance of more efficient management and greater contribution of petroleum resources to the nation''s socio-economic development, especially as many of the Southeast Asian country''s oil and gas reserves are approaching the end of their lifespans....
Law expected to be revised to improve safety of the banking system

Law expected to be revised to improve safety of the banking system

The SBV expected the amendment of the Law on Credit Institutions will prevent cross-ownership and governance abuse of major shareholders to manipulate the operations of credit institutions.