26.2 C
Ho Chi Minh City
Tuesday, April 21, 2026

CATEGORY

Features

Proposals for draft special urban law

The drafting of the Special Urban Law aims to institutionalize the directives set out in Resolution 31-NQ/TW dated December 30, 2022 of the Politburo regarding the directions and tasks for the development of Ho Chi Minh City (HCMC) through 2030, with a vision to 2045. This represents an opportunity to transform political commitments into stable legal authority that cannot be revoked by sub-law documents. However, in order to truly “go beyond the framework of special mechanisms,” this draft law must address three fundamental legal issues. Defining the scope of “distinct authority” Resolution 66-NQ/TW dated April 30, 2025 of the Politburo reaffirms the principle that “localities decide, localities implement, and localities take responsibility.” To ensure this directive does not remain merely formal, the draft law must clearly distinguish between two models. Delegation is a mechanism whereby the central government grants authority on a temporary basis, which can be withdrawn at any time—this is the nature of Resolution 98/2023/QH15 on piloting specific mechanisms and policies for the development of HCMC, as well as the “conditional permission” mechanism under the 2025 Law on Organization of Local Government. Substantive decentralization, by contrast, establishes for localities “distinct authorities”—areas in which the central government no longer […]
To read more, please click here.

Grappling with rising costs

Rising input and borrowing costs are putting manufacturing companies under “double pressure.” As margins narrow and cash flow tightens, many are cutting back on...

Living with the wind on Phu Quy

Adrift in open waters, far from the mainland, Phu Quy Island is being reshaped by more than waves. A quiet transition is underway, from uncertain...

Focusing on transformative projects

In its report to the first sitting of the 16th National Assembly, the Government announced that the total mid-term public investment capital for the...

What’s driving Q1 growth?

Vietnam recorded economic growth of 7.83% in the first quarter of 2026, higher than the 7.07% achieved in the same period of 2025. This...

Magnets for investors in Q2

Vietnam’s stock market remains volatile and under corrective pressure as it grapples with multiple challenges. While the majority of sectors are weighed down by...

A second revenue stream for EVs

Over the past year, electric vehicles (EVs) have been promoted as a cleaner transport option for Vietnam’s cities. But a quieter market is taking...

Hidden costs of overusing coffee, energy drinks

In today’s fast-paced world, coffee and energy drinks are widely consumed to stay alert and maintain productivity. From office workers to students and drivers,...

Awaiting policy signals

Despite last month’s sharp downturn in the stock market, the dreaded nightmare scenario has yet to materialize. Investor groups continue to respond in varied...

Breathing life into bamboo

From microscopic insects to towering monumental models, the journey of artisan Vo Tan Tan at Taboo Workshop in Hoi An Dong Ward, Danang City...

Latest news