Business

With the revised Law on Investment passed on August 24, Vietnam establishes a modern policy framework aimed at shifting regulatory focus to post-entry supervision, cutting bureaucratic hurdles, and sharply lowering business compliance costs.

According to the Resolution, which took effect immediately on August 24, the railway line begins at the border rail connection in Lao Cai Province and terminates at Nam Hai Phong Station.

Vietnam’s energy sector has a substantial task ahead of it in ensuring that power supplies are commensurate with growing demand during the country’s new era of development.

The Resolution is set to take effect on August 24, 2026, and will be applicable for the 2026 and 2027 tax years.

With the amended Law on Vietnamese Workers Working Abroad Under Contract passed on August 24, the Vietnamese legislature establishes a transparent legal framework designed to eliminate illegal fees, combat fraud, and safeguard the legitimate rights of Vietnamese contract workers abroad.

During a reception in Hanoi on August 24 for visiting President of the National Assembly of the Republic of Côte d'Ivoire Patrick Achi, Party General Secretary and President To Lam suggested that the two countries continue to strengthen cooperation for mutual benefits and contribute to peace, stability, and development in both regions.