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
TRAVEL UPDATE: CAMBODIA INTRODUCES TEMPORARY VISA-FREE ENTRY FOR PRC PASSPORT HOLDERS (INCLUDING HONG KONG AND MACAU)
According to the Ministry of Tourism of the Kingdom of Cambodia, holders of passports issued by the People's Republic of China (PRC), including Mainland China, Hong Kong, and Macau, will be eligible for temporary visa-free entry to Cambodia from 15 June to 15 October 2026. The temporary measure is expected to facilitate tourism, business travel, and people-to-people exchanges between Cambodia and Chinese-speaking markets, including Hong Kong and Macau.
TEE OFF & STAY AT HOIANA SHORES GOLF CLUB
Unlock exclusive golf and stay privileges reserved for member cardholders. Experience award-winning links golf, premium hospitality, and coastal relaxation with specially curated rates available for a limited time. Booking Period: 15 June – 30 September 2026. All supporting documents and payment details will be provided upon booking confirmation.
HCMC TARGETS 181,000 NEW SOCIAL HOUSING UNITS BY 2030
HCMC plans to build more than 181,000 social housing units between 2026 and 2030, after completing nearly 17,900 units over the past five years, city officials said. Le Duc Anh, deputy head of the Housing and Real Estate Market Management Division under the city’s Department of Construction, said at a socio-economic press briefing in HCMC on June 4 that the city was stepping up efforts to expand social housing supply.
VIETNAM TARGETS 5,000 NEW AGRICULTURAL BUSINESSES BY 2031
Vietnam aims to support the establishment of at least 5,000 agricultural enterprises during the 2026-2031 period as part of efforts to build a digital agriculture sector and more sustainable value chains. The target was announced at the ninth National Congress of the Vietnam Farmers’ Union, which opened in Hanoi on June 8.
OUTSTANDING GREEN LOANS REACH VND828 TRILLION IN 2017-2025
Outstanding green loans in Vietnam have reached VND828 trillion, with 82 credit institutions now extending financing to environmentally sustainable projects. Growing at an average annual rate of more than 20% between 2017 and 2025, green credit has emerged as a key driver for mobilizing and allocating resources to support the country’s green transition and sustainable economic development.
AROUND VND33.6 TRILLION RAISED FROM G-BONDS IN MAY
The State Treasury raised VND33.63 trillion from Government bond (G-bond) auctions in May, completing 72% of its second quarter issuance plan and nearly one-third of its annual target. According to data released by the Hanoi Stock Exchange (HNX) on June 4, the exchange organized a total of 17 G-bond auctions on behalf of the State Treasury during May.
























