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

Vietnam’s 16th National Assembly voted on the afternoon of November 13 to pass amendments to provisions of the Commercial Law, Competition Law, Law on Foreign Trade Management and Law on Protection of Consumer Rights. Of the 460 deputies who took part in the vote, 458 voted in favor, representing 91.78% of all deputies.

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

Before the vote, Minister of Industry and Trade Lê Mạnh Hùng said the amendments focus on delegating authority to local governments, reducing administrative procedures and compliance costs, and protecting the lawful rights and interests of people and businesses. Under the amendments, local authorities will take on more responsibility for issuing certificates of origin and import and export permits, while central authorities will set standards and operating procedures and build and run databases.

The amendments also address disclosure of sectors under state monopoly, improvements to competition rules, and stronger consumer protection and foreign trade management. Lê Mạnh Hùng said data systems linking central and local authorities will be built for commerce, imports and exports, and consumer protection to support their administration.

During legislative review, the drafting agency received 204 comments from group discussions and 11 comments made in plenary, of which 142 and eight, respectively, were fully accepted and incorporated into the draft. Lê Mạnh Hùng said the drafting agency will submit an implementation plan and prepare detailed regulations to ensure that the law and its regulations take effect together on July 1, 2027.

Source: VietVance