December 11, 2025 | 08:25

NA approves amendment allowing public employees to invest in and run businesses

Nhật Dương

Public employees are allowed to invest in, manage, and operate businesses, cooperatives, hospitals, educational institutions, and non-public research organizations, except where restricted by anti-corruption, business, or sector-specific laws.

NA approves amendment allowing public employees to invest in and run businesses
The NA approves the revised Law on Public Employees on December 10 with the majority of votes in favor. Photo: quochoi.vn

The National Assembly has approved the revised Law on Public Employees, which will take effect on July 1, 2026.

This law outlines the State's policy to develop a team of public employees with professional ethics, appropriate qualifications, and expertise for each sector. Public employees are required to undergo regular training to enhance their professional skills to meet job requirements. The State also promotes the integration of human resources between the public and private sectors.

The law ensures fair and competitive salary policies for public employees, linked to job positions and work efficiency.

According to Minister of Home Affairs Do Thanh Binh, the Government has revised certain aspects to shift the management of public employees based on job positions, which will serve as the primary basis for recruitment, placement, evaluation, planning, appointment, training, and policy implementation.

The law also refines regulations on labor contracts and service contracts, including provisions for contract termination, to align with the Labor Code. Public employees will receive salaries, bonuses, and other income based on job performance. They are entitled to overtime pay, night work pay, travel allowances, and other benefits as per legal and internal regulations.

Special policies are in place for public employees working in remote, mountainous, border, island areas, or in hazardous, dangerous, and specific professional fields. The law also clarifies the obligations and rights of public employees in professional activities outside public institutions, ensuring no conflict of interest as per anti-corruption laws.

Public employees can engage in private practice if not prohibited by law, ensuring no conflict of interest and adherence to professional ethics. Notably, they are allowed to invest in, manage, and operate businesses, cooperatives, hospitals, educational institutions, and non-public research organizations, except where restricted by anti-corruption, business, or sector-specific laws.

Minister Binh emphasized that allowing public employees to sign labor and service contracts for professional activities aims to institutionalize the integration of human resources between the public and private sectors, enabling public employees to increase their legitimate income through their professional activities.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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