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amended

Government proposes a 0.2 per cent tax on unused and abandoned land to NA

Government proposes a 0.2 per cent tax on unused and abandoned land to NA

Under the proposal, the 0.2 per cent rate would apply to the entire area of land classified as abandoned, unused or put into use late, with no preferential threshold for land within prescribed limits.
Power transmission to be separated from EVN to develop a competitive electricity market

Power transmission to be separated from EVN to develop a competitive electricity market

The proposed restructuring would separate electricity generation, transmission, distribution and retail, according to Bùi Quốc Hùng, deputy head of the ministry''s Electricity Authority of Vietnam.
Điện Biên Province approves investment of three power projects

Điện Biên Province approves investment of three power projects

The plants include the Điện Biên No.1 Solar Power Plant, the Envision Nậm Pồ Wind Power Plant and the Lê Bâu No.3 Hyower Plant.
Amended law boosts foreign inflows

Amended law boosts foreign inflows

The 2025 revision introduces a number of reforms, including reducing the number of conditional investment and business sectors and easing requirements for foreign investors establishing companies in Việt Nam.
Deputy PM urges tough penalties for delays in power projects

Deputy PM urges tough penalties for delays in power projects

Deputy Prime Minister Bùi Thanh Sơn at a conference on Thursday asked strict penalties to be raised against developers of stagnant power projects to prevent setbacks from threating the national energy security.
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.