Vietnam Today

The National Assembly (NA) Standing Committee has agreed with the legislature’s Resolution on piloting a number of specific mechanisms in Buon Ma Thuot city in the central highlands’ Dak Lak province. The Resolution will be in effect for five years from January 1, 2023, to create a breakthrough in promoting economic development in the central highlands.

The government has agreed with a proposal from the Ministry of Health (MoH) to add two policies to amendments and supplements to a number of articles in the Law on Pharmacy: promoting the development of the pharmaceutical industry and prioritizing research, technology transfer, and the production of invented medicines.

Vietnamese enterprises taking part in the internet economy face major challenges. The legal framework on intellectual property in the country is quite complex, and includes the Law on Intellectual Property, the Law on Competition, and the Law on Cybersecurity. Vietnam has also joined certain international conventions. However, effective tools to combat unfair competition are still lacking, which protect businesses in cyberspace, especially in terms of intellectual property rights.

Under the master plan for the 2021-2030 period and vision to 2050 for northern Bac Ninh province, which is to be submitted to the Prime Minister for appraisal shortly, by 2030, the province is to be the leading center in Vietnam in processing, manufacturing, and hi-tech services. It currently has the eighth-largest economy in the country and is the center of Vietnam’s electronics industry.

The Ministry of Agriculture and Rural Development has said that more than 95 per cent of Vietnamese fishing vessels have now installed vessel monitoring systems (VMS). However, efforts to remove the EU’s “yellow card” on Vietnam for illegal, unreported and unregulated (IUU) fishing face many difficulties, as some localities still neglect to supervise the local fleet, with the number of vessels violating international waters not falling significantly.

Prime Minister Pham Minh Chinh and many high-ranking Vietnamese and European leaders will attend the Green Economy Forum & Exhibition (GEFE) in Ho Chi Minh City from November 28 to 30. The expo is expected to attract some 150 exhibitors and have an area of 5,000 sq m. EuroCham President Alain Cany said GEFE’s goal is to help Vietnam meet the commitments it made at COP26 and complete the national green growth strategy for the 2021-2030 period.