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Vietnam’s National Assembly passed amendments to laws on commerce, competition, foreign trade management and consumer protection on November 13. The 458 lawmakers who voted in favor accounted for 91.78% of all deputies. The amendments address local approval powers, administrative procedures and data management, and are set to take effect on July 1, 2027.
Vietnam’s National Assembly is scheduled to discuss the draft Law on Cultural Industry Development and amendments to several related laws on November 10. The draft covers intellectual property, workforce training, creative infrastructure, trading platforms and investment incentives. In the afternoon, lawmakers will also discuss investment proposals for three expressway projects.
Vietnam’s National Assembly approved the 2027 central budget allocation on November 9. Central budget revenue is projected at more than VND 1.775 quadrillion and spending at more than VND 2.364 quadrillion, including over VND 757 trillion for development investment. The government also addressed uncertainty over land revenue and slow disbursement of funding for science, technology, innovation and digital transformation.
