By 2030, Vietnam would have 176 fishing ports, capable of handling 2.96 million tons of fish annually, and 160 storm shelters, which can accommodate 90,600 fishing vessels in total.

The State would diversify types of social work services and encourage organizations and individuals to found not-for-profit private social work establishments, according to a draft decree on social work released by the Ministry of Labor, Invalids and Social Affairs.

Industrial customers wishing to purchase power at a voltage of 22 kV or higher might enter into direct power purchase agreements (DPPA) with renewable energy developers.

The Ministry of Industry and Trade (MOIT) has released a draft amended Petroleum Law, which is expected to be submitted to the National Assembly (NA) for passage this October.

This year, the State would continue extending the time limits for payment of value-added tax, corporate income tax, personal income tax and land and water surface rentals, in order to help businesses and people to overcome difficulties caused by the impacts of the COVID-19 pandemic.

The Ministry of Environment and Natural Resources (MONRE) is working on a draft decree revising six decrees guiding the Land Law, with a view to resolving existing land-related problems pending the promulgation of a new Land Law.

By January 1, 2024, the food produced, imported and traded in Vietnam would have to be stuck with nutrition facts labels. As for small-scale food producers, the said deadline would be extended for one year to January 1, 2025.

By 2025, Vietnam would have about 1.5 million private enterprises, of which about 60,000-70,000 are medium- and large-sized ones. This is one of the targets set in the cabinet’s action plan for implementation of the 12th Party Central Committee’s Resolution on developing the private sector as an important driving force of the economy.

The State Bank of Vietnam has released the second draft of a decree on regulatory sandbox for financial technology operations in the field of banking which is expected to foster innovation, creativity and modernization of the sector.

The Minister of Public Security would be empowered to stop flights from and to one or more than one international airport within 24 hours under emergency circumstances to protect national security.