With 210 articles, the 2024 Law on Credit Institutions is expected to complete a legal framework for dealing with credit institutions facing liquidity risks and poorly-performing credit institutions.

On August 8, the United Nations Ad Hoc Committee on Cybercrime approved the draft of a Convention against Cybercrime. Following this significant development, Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu talked with media about this global issue.

The 2023 Law on Real Estate Business (the Law) takes effect on August 1 and replaces the 2014 Law on Real Estate Business (the 2014 Law). Below are several novel provisions of the Law that are worthy of note to real estate project owners.

Prime Minister Pham Minh Chinh has requested ministers, heads of ministerial-level and State agencies and chairpersons of provincial-level People’s Committees to implement measures to strengthen the training of high-quality human resources for the semiconductor, artificial intelligence (AI) and cloud computing.

Prime Minister Pham Minh Chinh has requested the highest sense of responsibility and the engagement of the whole political system to accelerate site clearance for national key transport projects.

The Land Law, Housing Law and Law on Real Estate Business, which took effect on August 1, should mean that the real estate market will move to a new phase and operate in a more transparent manner. The Vietnam News Agency spoke to Dao Trung Chinh, Director of the Department of Planning and Land Resources Development, Ministry of Natural Resources and Environment, on this topic.

The Ministry of Finance (MOF) has recently unveiled draft amendments to the Law on Excise Tax with several notable new points, including a proposal to hike tax on tobacco products.

Foreign organizations and individuals can now own up to 30 percent of total apartments of a condominium, according to a new decree that became effective on August 1.

Quang Ninh province has adopted solutions to conserve and promote outstanding values of Ha Long Bay - a World Heritage Site and Natural Wonder, with a view to contributing to its sustainable tourism and socio-economic development.

Prime Minister Pham Minh Chinh has ordered proactive moves to prevent, control and address natural disaster consequences in the coming time as abnormal and unpredictable natural disasters have occurred since early 2024.

Strolling through Thu Sy village in Tien Lu district, Hung Yen province, visitors can see the elders sitting in front of their houses weaving fish and shrimp traps while sharing stories and laughter.

As defined in the 2019 Law on Tax Administration (the Law), fulfillment of tax obligations means full payment of payable tax amounts, late-payment interests, fines for violations of the tax laws, and other state budget revenues.

The Ministry of Finance is working to revise Decree No. 132/2020/ND-CP, adding regulations regarding the determination of related-party transactions between enterprises and credit institutions.

The Ministry of Construction is working on draft revisions of Decree 16 of 2022, proposing to raise the maximum administrative fine to VND 1 billion (USD 39,500) for various construction violations in the fields of real estate business and housing development.

Electronic monitoring would be implemented for offenders eligible for early release, convicts serving suspended sentences, persons undergoing non-custodial reform, and persons subject to house arrest or probation if they once breached the obligations associated with their sentences.

The Investment Support Fund, an off-budget state financial fund, would be formed with the function of receiving, managing and using financial support in cash and in kind to finance and support high-tech investment activities and green transformation.

The Law on Roads, which was passed by the National Assembly in June 2024, will take effect on January 1, 2025.

Vietnam’s archives sector will be built to be modern, meeting the requirements on state management and modernization of the administrative system serving the people, says the 2024 Archives Law.

The Ministry of Industry and Trade has asked local associations and businesses to strengthen coordination in implementing key solutions to promote imports and exports as sea freight rates rise.