Minister of Science and Technology Nguyen Manh Hung has affirmed that the digital technology industry is crucial for Vietnam’s economic development, calling it a strategic foundation for the country’s future growth.

The National Assembly plans to gather public opinions on constitutional changes from May to June, aimed at streamlining the state apparatus.

Prime Minister Pham Minh Chinh directs ministries to finalize legislative projects to enhance institutional reform and governance.

Experts urge Vietnam to launch a central bank digital currency (CBDC) to regulate digital transactions and integrate with global cryptocurrencies. A legal framework is also under development to govern digital assets.

Export markets, such as South Korea and Japan, have their own regulations and do not ask for the conformity certification mandated by the Vietnamese government, leaving local businesses with extra costs and time wasted on paperwork.

In a unanimous vote, the National Assembly approved renaming extraordinary sessions to irregular sessions, clarifying the legislative framework for urgent decision-making.

In extraordinary circumstances concerning national interests, disaster response, or public safety, the Prime Minister is authorized to implement urgent measures beyond existing legal provisions.

The Vietnamese government is pushing forward two historic legal reforms with the introduction of the revised Law on Government Organization and the Law on Local Government Organization.

Vietnam is creating a strong legal framework for digital transformation with the draft Law on Digital Technology Industry, focusing on innovation and addressing bottlenecks.

Offshore wind power and green hydrogen projects in Vietnam may soon benefit from unprecedented incentives, including fee exemptions, guaranteed electricity volumes, and flexible investment terms, as proposed in a new draft policy.

As Vietnam prepares to enforce the Personal Data Protection Law, businesses must address vulnerabilities in processes, technology, and employee training to avoid hefty penalties.

The Press Law, once amended, is expected to include many policies to develop the journalism economy, adjust press activities online, and promote media complex models.

"When digital assets are defined and regulated, it will contribute to protecting user rights, minimising risks, promoting the digital economy, attracting investment and enhancing innovation," said the VN Blockchain Association's Vice Chair.

Starting January 2025, Vietnam’s updated traffic law mandates theory tests for driver’s licenses expired even by a single day, reflecting stricter measures for road safety compliance.

Vietnam’s National Assembly has approved a revised Electricity Law focusing on fair pricing, renewable energy oversight, and a phased roadmap to eliminate cross-subsidies.

The revised Securities Law, effective January 1, 2025, outlines six prohibited behaviors to combat stock market manipulation and ensure fair trading.

Vietnam’s National Assembly has passed amendments to the military law, increasing officer retirement ages while capping the number of generals at 415.

Vietnam’s new regulation compels Google and Apple to enforce game licensing rules, addressing years of unfair competition in the gaming industry.

With a majority of votes in favour, the National Assembly approved the amended Trade Union Law at its ongoing eighth session in Hanoi on November 27.