28.9 C
Ho Chi Minh City
Sunday, June 1, 2025

spot_img

TAG

VCCI

A fresh take on lawmaking

The pace of legislation is accelerating, policy-making is becoming more streamlined, and the window for public posting and consultation is narrowing. These significant shifts in the drafting process call for businesses to engage more actively and meaningfully in lawmaking—not just to adapt, but to help shape a more transparent, stable, and business-friendly regulatory environment over the long term. The Vietnam Chamber of Commerce and Industry (VCCI) has recently released its 2024 Report on the Flow of Business Legislation, which highlights significant changes in the law-drafting process that will considerably affect businesses. The most groundbreaking shift stems from the National Assembly’s passage of the amended Law on Promulgation of Legal Documents at its extraordinary session in February 2025. This law fundamentally changes the legislative process from a sequential to a parallel approach, significantly reducing the time needed to draft and pass laws. In the past, drafting a new law required first submitting a policy proposal and then waiting for it to be added to the legislative agenda—a process that could take months or even years. Today, these steps are carried out simultaneously, and approval authority has shifted from the National Assembly to its Standing Committee. The legislative process has also changed […]
To read more, please click here.

VCCI no longer authorized to issue certificates of origin

HCMC – The Ministry of Industry and Trade (MoIT) has officially revoked the Vietnam Chamber of Commerce and Industry's (VCCI) authority to issue certificates...

VCCI proposes delaying special consumption tax hike until 2028

HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed postponing the planned increase in special consumption tax (SCT) until 2028, advocating...

Businesses raise concerns over costly food safety decree revisions

HCMC – Proposed changes to Decree 15/2018/ND-CP on food safety could cost 12,000 food enterprises nearly VND9 trillion annually, industry experts warn. Stricter requirements...

VCCI proposes 30% land rent cut for businesses in 2025

HCMC – The Vietnam Chamber of Commerce and Industry (VCCI) has proposed a 30% reduction in land rental fees for businesses this year to...

Vietnam seeks stronger U.S. business engagement

HCMC – Prime Minister Pham Minh Chinh has called on U.S. businesses to expand their investments in Vietnam, emphasizing the country’s commitment to improving...

Should individual access to corporate bonds be regulated?

The latest draft of a law that amends seven finance-related laws is more accommodative than the earlier drafts, as it allows professional individual investors...

Industrial zones see rooftop solar power potential

HCMC – Vietnamese businesses operating in industrial and export processing zones are  exploring rooftop solar power as a means to meet the rising demand...

Latest news

spot_img