Presidential Decree Announcing 12 Economic-Related Laws

On the morning of January 6th, the Office of the President held a press conference at the Presidential Palace to announce the President's Decree promulgating 12 laws related to the economy.

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Vietnam has recently enacted 12 new laws, set to take effect between 2026 and 2027, covering various sectors including e-commerce, taxation, investment, and public reserves. These laws aim to streamline regulations, enhance economic efficiency, and protect consumer rights.

The Law on Personal Income Tax introduces a new tax bracket system, increasing the tax-exempt income threshold for households and individuals to VND 500 million per year. It also adjusts tax rates based on income levels, ranging from 15% to 20% for businesses with annual revenues between VND 500 million and VND 50 billion.

The Presidential Office held a press conference to announce the President’s Order promulgating 12 laws. (Photo: VGP/Đức Tuân)

The Law on E-Commerce, effective from July 1, 2026, addresses live streaming sales and affiliate marketing. It mandates electronic identity verification for live streamers and requires platforms to handle complaints and store audio-visual data. Foreign e-commerce platforms using Vietnamese language or reaching certain transaction thresholds must establish a legal entity or appoint a representative in Vietnam.

Deputy Chief of the Presidential Office Cấn Đình Tài chaired the press conference. (Photo: VGP/Đức Tuân)

The Law on Public Reserves, effective July 1, 2026, aims to ensure social welfare and economic stability. It provides tax and credit incentives for entities participating in strategic reserves and clarifies the roles of the President, Government, and Ministry of Finance in debt management.

Deputy Minister of Industry and Trade Nguyễn Sinh Nhật Tân discussed the E-Commerce Law. (Photo: VGP/Đức Tuân)

The Law on Investment bans the production and trade of electronic cigarettes and heated tobacco products, with exceptions for export-only projects approved before January 1, 2025. It also reduces conditional business sectors from 39 to 20, shifting from pre- to post-inspection mechanisms.

Deputy Minister of Finance Đỗ Thành Trung presented the laws at the press conference. (Photo: VGP/Đức Tuân)

These laws reflect Vietnam’s commitment to modernizing its legal framework, fostering economic growth, and aligning with international standards. They address critical areas such as tax reform, e-commerce regulation, and public reserve management, ensuring a stable and efficient economic environment.

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