Vietnam’s National Assembly Passes Amendments to Four Industry and Trade Laws

Vietnam’s National Assembly voted on the afternoon of November 13 to pass a law amending provisions of the Commercial Law, Competition Law, Law on Foreign Trade Management and Law on Protection of Consumer Rights. Of the 460 lawmakers who took part in the vote, 458 voted in favor, representing 91.78% of all National Assembly members.

Vietnam’s National Assembly votes to pass amendments to laws covering commerce, competition, foreign trade management and consumer protection.（VietVance）

Before the vote, Minister of Industry and Trade Lê Mạnh Hùng presented the government’s account of how feedback had been incorporated into the amendments. He said the changes aim to delegate authority to local governments, reduce administrative procedures and compliance costs, and protect the lawful rights and interests of people and businesses.

According to Lê Mạnh Hùng, tasks such as issuing certificates of origin and granting import and export permits will be further delegated to local authorities. Central authorities will primarily set standards and operating procedures, and develop and run databases. The amendments also address public disclosure of sectors under state monopoly, improvements to competition rules, and the establishment of data systems linking central and local authorities in commerce, imports and exports, and consumer protection.

Lê Mạnh Hùng said provisions on consumer protection and foreign trade management will also be further improved. The Ministry of Industry and Trade will submit an implementation plan to the government and draft detailed regulations to accompany the law when it takes effect on July 1, 2027.

Source: VietVance