Vietnam Today

The resolution introduces certain mechanisms and policies to address difficulties and obstacles in implementing the Land Law.

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.

According to the Government's report, mandating that individuals assigned to manage and operate a State-owned enterprise which holds more than 50% of charter capital must declare their assets and income is appropriate.

Comprising 35 Articles, the Law is designed with a "management for development" approach, ensuring a balance between risk control and the promotion of innovation.

It is necessary to gradually abandon the extensive growth model, which relies heavily on capital and resources. Instead, the focus should be placed on an intensive growth model, with science and technology, innovation, and digital transformation as the main drivers.

At the third meeting of the Vietnam–Sri Lanka Joint Sub-Committee on Trade, the two sides agreed to strengthen cooperation across a wide range of economic areas in the coming times.