Want to be in the loop?
subscribe to
our notification
Business News
FRESH POLICIES TAKE EFFECT IN SEPTEMBER
Tough punishment of chemical-related incidents
Under Decree No. 115/2016/ND-CP, dated July 8, 2016, since September 15, individuals and organizations will be fined VND 10-15 million for not having a plan or measures in place to prevent and respond to chemical-related incidents during the production, trading, use or storage of hazardous chemicals.
The same fine will also be imposed on those who do not comply with conditions for producing and trading chemicals, insecticides and antiseptic products used at home and in medical establishments.
Support for poor pupils
The Government’s Decree 116/2016/NÄ-C took effect since September 1, 2016, aiming to support poor pupils and schools in communes and villages ridden by extreme difficulties.
Under Decree 116, a pupil of elementary or junior high schools in extremely impoverished regions will be provided with 15kg of rice per month for no more than nine months per year.
Salary regime for officials, public servants and armed forces
Government’s Decree 117/2016 / ND-CP amending and supplementing some articles of Decree No. 204/2004 / ND-CP dated 14/12/2004 of the Government on the salary regime for officials and public servants shall take effect from September 15.
Establishment of tissue bank
Under Decree 118/2016/ND-CP which adjusts or supplements some articles of Decree 56/2008/ND-CP on the organization and operation of tissue banks and the National Coordination Centre for Human Organ Transplantation, necessary conditions for ensuring the operation of the tissue bank, including projected personnel, payroll, operating fund, working office, professional equipment and facilities and other necessary equipment of the tissue bank are also stated in the decree.
Tissue banks have the legal status, functions, tasks and personnel as regulated in Article 35 of the Law on Donation, Removal and Transplantation of Human Tissues and Organs and Donation and Recovery of Cadavers.
New regulations on diplomatic visas
Under Circular 04/2016/TT-BNG issued by the Ministry of Foreign Affairs, which took effect on September 1, foreigners holding NG3 visas are eligible to apply for temporary residence cards with validation periods of up to five years. The validation period should expire at least 30 days prior to the expiration of their passport.
NG3 visa holders are members of diplomatic missions, consular offices, representative offices of intergovernmental bodies, their spouses and children under 18, and their domestic helpers.
Holders of NG1, NG2 and NG4 visas who want to extend their stay permits should ask the bodies or organizations that sponsored them to enter Viet Nam to submit applications for extending their temporary residence cards. The extension period is for a maximum of 12 months and must also expire at least 30 days prior to the expiration of their passport.
‘Green’ products to be exempt from export tariff
Under Circular 128/2016/TT-BTC on export tariff exemption for environmentally-friendly products, products that are in the export tax tables of Decree 19/2015/ND-CP issued on February 14, 2015, and have Viet Nam's green label certificate, will join the export tax exemption since September 23, 2016.
Meanwhile, export tax on products from recycling and waste treatment activities located in the export tax table of Decree 19 will be cut by half.
Source: VGP
Related News
VIETNAM'S LEADING PLASTICS & RUBBER INDUSTRY EVENT RETURNS THIS SEPTEMBER!
VietnamPlas 2026 will take place from 09–12 September 2026 at SECC, Ho Chi Minh City, bringing together leading brands, cutting-edge technologies, and industry professionals from around the world. Discover the latest innovations across plastics & rubber machinery, raw materials, molds, automation, recycling technologies, and end-use applications—all in one place.
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
TAX INCENTIVES DRIVE SMALL BUSINESS INVESTMENT AND EXPANSION
The Ministry of Finance (MoF) has rolled out a series of tax, fee, and charge measures in 2026 to support businesses and individuals while promoting economic growth. Among the most significant measures is the extension of the 2 percentage-point reduction in VAT through the end of 2026. In response to volatility in global energy markets, the MoF has also advised the government and the National Assembly to adopt a series of tax relief measures on petroleum products during 2026.
























