On the morning of June 27th, the National Assembly passed a resolution on piloting several mechanisms and special policies for the development of Hai Phong city, consisting of 12 articles, which will take effect from July 1st, 2025.
The National Assembly also passed a resolution on the policy approval for the investment project to build the Quy Nhon-Pleiku expressway.
The project’s estimated land requirement is 942.15 hectares, and the preliminary total investment is estimated at VND 43,734 billion. The capital source is from the state budget, including surplus and savings from the state budget in 2024, and the central and local budgets for the periods of 2021-2025 and 2026-2030. The project is expected to start in 2025 and be completed and put into operation by 2029.
The National Assembly also passed the Law amending and supplementing a number of articles of the Law on the Vietnam Fatherland Front, the Trade Union Law, the Youth Law, and the Law on the Implementation of Democracy at the Grassroots Level; the Law amending and supplementing a number of articles of 11 laws on military and defense; and the Law amending and supplementing a number of articles of the Criminal Procedure Code.
“Upcoming Personal Income Tax Reforms: A Closer Look at Deduction Adjustments”
At the 10th session of the National Assembly, the Government is expected to propose a comprehensive revision of the Personal Income Tax Law, including adjustments to the personal exemption amount.
The Highway to Progress: Vietnam’s Parliament Approves $5.2 Billion Ring Road Project for Ho Chi Minh City
With an overwhelming majority of delegates in favor, the National Assembly has passed a resolution approving the investment policy for the Ho Chi Minh City Ring Road 4 project.
Implementing a New Mechanism: Legislating 18 Policies for Railway Development
The amended Railway Law reforms 18 mechanisms and policies to ensure a breakthrough in the development of the railway system. It also supplements the monitoring mechanism to guarantee the effective implementation of these policies.
“The 9th Session: A Historic Milestone in Vietnam’s Constitutional and Legislative History”
“In his closing remarks at the 9th session, National Assembly Chairman Tran Thanh Man emphasized that the policies and laws passed during this session are revolutionary. They mark the beginning of profound institutional reforms and set the direction for the country’s new development phase.”
Extending the Exemption of Agricultural Land Use Tax until December 31, 2030
With an overwhelming majority vote, on the afternoon of June 26, the National Assembly passed a resolution to extend the exemption period for agricultural land use tax.
