Legal Insights
Business
HCM City Urged to Develop Carbon Credit Market to Cut Greenhouse Gas Emissions
“The city is preparing for a pilot phase of carbon trading, which is set to begin in 2025, with full operations expected to commence in 2028. The carbon market is expected to attract investment in renewable energy, environmental technology, and international climate finance. It will also promote a green economy and create new job opportunities […]
Society
Trial Begins in Largest Financial Fraud Case in Việt Nam
“The chairwoman of major developer Vạn Thịnh Phát went on trial Tuesday along with dozens of others, accused of embezzling US$12.5 billion in Việt Nam’s largest financial fraud case. Real estate tycoon Trương Mỹ Lan, 68, is accused of siphoning off VNĐ304 trillion ($12.46 billion) from Việt Nam’s largest private bank by assets, Saigon Joint […]
National
Draft Decree To Enable Carbon Credit Transactions Through Bilateral Deals
“Under the draft decree, the Ministry has the authority to issue a Letter of Approval for the project based on the request of the governing body, the opinions of relevant ministries and Việt Nam’s national GHG emission reduction targets. If the project is not granted a Letter of Approval, its GHG emission reductions will be […]
Business
2024 Land Law Can Stimulate Supply
“With this provision, Troy Griffiths, Deputy Managing Director of Savills Vietnam, expressed his belief that the new land law will bring about more investment opportunities for the real estate buyer group of overseas Vietnamese. This change also creates significant potential for the market thanks to direct investment capital from the group.” Source: 2024 Land Law […]
Latest Articles
Businesses To Decide Their Own Petrol Retail Prices
“The draft is built on the principle of ensuring harmony of benefits for consumers and petroleum businesses, and ensuring petroleum supply for domestic consumption. At the same time, it reduces the State’s intervention in the oil and petroleum business activities of the enterprises. Chinh emphasized four main contents in the draft including oil and petrol […]
Shrink The Economy, Save The World
Economic growth has been ecologically costly — and so a movement in favor of ‘degrowth’ is growing. A RISING tide and a bigger pie: Economic growth has long been considered such an obvious boon that it’s pursued by governments across the world as a matter of course. But in 2016, when a London professor warned […]
Solving Challenges Critical To Country’s New Semiconductor Industry And Market
“The semiconductor industry is one of the most important strategic industries globally and Việt Nam is actively participating in the semiconductor ecosystem at both regional and global levels. Việt Nam’s strategic location and growing manufacturing capabilities make it an attractive destination for semiconductor companies looking to expand their global production footprint, with companies like Intel, […]
Biden Hails US-Việt Nam Partnership In UN Speech
“US President Joe Biden praised the relationship with Việt Nam in his final speech to world leaders at the 79th session of the United Nations General Assembly held in New York on September 24 (US time). “It’s a testament to the resilience of the human spirit and the capacity for reconciliation that today the United […]
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PM Urges Support For Tariff-Affected Firms
“Prime Minister Phạm Minh Chính has tasked the Ministry of Finance (MoF) with urgently developing support measures for businesses impacted by the US reciprocal tariffs within this month, as well as reviewing import-export tax policies. Prime Minister Chính has signed Dispatch No 221/CĐ-TTg, requesting ministries, sectors, localities and State-owned groups to prioritise maintaining macro-economic stability […]
Fierce Competition Ahead For Automakers
“According to the latest figures from the Department of Customs, Việt Nam imported 16,343 cars in October. Although this represents a 5.5 per cent drop from the previous month, total imports over the first 10 months reached 171,364 units, up 20 per cent year on year. Import turnover neared US$4 billion, the highest level in […]
Wood Exporters Turning Challenges Into Opportunities
“The increasing tariff and non-tariff trade barriers in major markets such as the US and Europe are not fazing Vietnamese wood exporters, who are turning them into opportunities by accelerating transformation, strengthening compliance and moving up the value chain to build long-term competitiveness. Speaking to the media during a factory visit at Nam Tân Uyên […]
9th ASEAN – ITALY High- Level Dialogue Opens In HCM City
“The 9th ASEAN-Italy High-Level Dialogue on Economic Relations officially opened on November 13 at the Bình Dương Convention and Exhibition Centre in HCM City, bringing together more than 500 delegates from across ASEAN and Italy, including diplomatic representatives, international organisations, business leaders and policy experts. Among the participants were Nguyễn Văn Được, chairman of the […]
Organ Donation Law Revisions Can Save More Lives
“This is a major issue and one that has troubled many of us for a long time. The current law was enacted in 2006 – almost 20 years ago. International practice shows that legal frameworks should be reviewed and adjusted every five to ten years to keep pace with social and medical developments. The Ministry […]
Making Two-Tier Gov’t Model Work From The Ground Up
“Over the past two years, Việt Nam has launched major resolution to drive the nation into a new era – from economic restructuring and private sector development to technology, innovation and administrative reform. But their success depends not only on policies or laws, it rests on the people who carry them out,- their competence, adaptability […]
HCMC Sets Sights On Becoming Cruise Tourism Hub
“With plans to build three international passenger ports by 2030, HCM City aims to unlock the vast potential of cruise tourism, a “gold mine” that could cement its position as Việt Nam’s premier gateway for high-spending international travellers. Each year, hundreds of thousands of cruise passengers disembark in HCM City and other destinations across Việt […]
Education In New Era: From Awareness To Action
“AI is now an indispensable tool across all sectors, particularly education. Once a means of storing and transmitting knowledge, it can now analyse, advise and personalise learning pathways for individual students. Associate Professor Dr Nguyễn Xuân Hoàn, Rector of the University of Industry in HCM City, said this marks an opportunity for Việt Nam to […]
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