Mandatory Asset Declaration for Officials: Supplemental Reporting Required for Changes Exceeding 1 Billion VND from January 1st to 7th

The amended Law on Anti-Corruption, which revises and supplements several provisions of the existing legislation, will come into effect on July 1, 2026.

0
8

On January 7th, the Office of the President held a press conference to announce the President’s Decree on the laws passed by the 15th National Assembly during its 10th session.

Deputy Inspector General Le Tien Dat discusses key updates to the amended Anti-Corruption Law.

Regarding the Law Amending and Supplementing Certain Articles of the Anti-Corruption Law, Deputy Inspector General of the Government Inspectorate (GI) Le Tien Dat stated that the amendments aim to align with the Party’s policies and the legal framework on organizational restructuring within the political system, as well as the implementation of a two-tier local government structure.

Specifically, the Law has revised and supplemented criteria for evaluating anti-corruption efforts, providing a unified framework applicable to the state management functions of ministries, sectors, and localities.

The Law mandates the Government to establish evaluation criteria, ensuring proactive responsibility from ministries and provincial People’s Committees in anti-corruption initiatives.

Additionally, the Law introduces revised provisions on accountability. According to Le Tien Dat, agencies, organizations, units, and individuals are obligated to explain their decisions and actions in performing assigned duties when requested by parties directly affected by such decisions or actions.

The Law also amends provisions related to asset and income control, addressing challenges in this area.

Under the new regulations, assets valued at 150 million VND or more per category and income or asset changes of 1 billion VND or more must be declared or additionally declared.

Individuals subject to declaration requirements must provide supplementary information or explanations for asset or income changes exceeding 1 billion VND within a year or as needed for verification purposes.

Le Tien Dat further noted that the Law expands the scope of individuals required to declare assets and income within state-owned enterprises. It now includes those managing or operating state-owned enterprises holding over 50% of the charter capital.

You may also like

Resolution No. 79-NQ/TW of the Politburo on State Economic Development

General Secretary Tô Lâm has recently signed and issued a Resolution of the Politburo on the development of the state economy (Resolution No. 79-NQ/TW, dated January 6, 2026).

Government Inspectorate Proposes Revocation of 305 Land Titles for Mỹ Mỹ Resort Project

The Government Inspectorate has recommended that the People’s Committee of Khanh Hoa Province revoke 305 land use right certificates previously issued to the investor of the My My Resort project, located in Cam Lam Commune, Khanh Hoa Province.

Reviving Đà Lạt’s Natural Splendor: Kengo Kuma’s Visionary Design Legacy

Renowned architect Kengo Kuma envisions a masterpiece in Da Lat, where the city’s unique topography and landscape intertwine with the humanist philosophy of HAUS Da Lat’s developer. This synergy, he believes, will not only culminate in one of his most distinctive creations but also rejuvenate the natural allure of the “City of Thousand Pines.”

Exclusive Investment Opportunity: December 27, 2025 – January 2, 2026 – Three Mega Urban Projects, Nearly $850 Million in Capital

During the week of December 27, 2025, to January 2, 2026, four provinces attracted investment in five projects, totaling nearly VND 21.9 trillion. Among these, three urban development projects accounted for approximately VND 20 trillion. The most notable was a project in Hưng Yên province, with an investment of over VND 15.6 trillion.

Investment Outlook 2026: Capital Flows Seek Opportunities in the New Growth Cycle

Amidst a global economy fraught with uncertainties, Vietnam’s high growth coupled with macroeconomic stability positions it as an increasingly attractive investment destination.