The 16th National Assembly will review three draft laws during its November 4 plenary session, focusing on digital security and administrative enforcement. They will consider the draft Law on Data Security and the draft Law on Electronic Identification and Authentication, which will set new rules for protecting personal data and verifying digital identities. The session will also examine revisions to the Law on Handling of Administrative Violations, which could tighten penalties for regulatory breaches.
Separately, the assembly is considering amendments to the Electricity Law to align with recent energy policies. These changes aim to address bottlenecks in power pricing, market access, and investor selection, while ensuring transparency in electricity costs.
On November 3, the State Bank of Vietnam introduced stricter capital requirements for people’s credit funds through Circular No. 40/2026/TT-NHNN. The rules cap short-term funds used for medium- and long-term loans at 30% and limit total deposits to 20 times equity.
In another financial update, the government proposed raising taxes on unused land to discourage speculation and improve resource allocation. The policy targets inefficiencies, but implementation challenges, such as determining fair valuation, remain unresolved.
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Meanwhile, the Ministry of Finance plans to expand English-language disclosure rules for securities firms by January 1, 2028.
Hanoi has launched a cash incentive program to reverse its declining birth rate, which has held steady below replacement levels since 2023. The city’s fertility rate stood at 1.87 children per woman in 2025, unchanged from the prior year.
A new government decree introduces tax exemptions for AI and data specialists, including young professionals in innovation fields.
