Policy

(VEN) - On March 5 in Hanoi, the Ministry of Industry and Trade held a consultation conference to gather feedback on the Draft Law on Energy Efficiency and Conservation (amended).

The Ministry of Finance (MoF) will draft a new resolution on breakthrough mechanisms and policies for the development of the private economic sector, in an effort to create more favourable conditions for private enterprises to grow and contribute to the national economy.

The directive acknowledges the challenges in achieving this target but stresses its necessity to build momentum for sustained double-digit growth in the coming years.

Viet Nam will waive visas for tourists from Poland, the Czech Republic and Switzerland from March 1, 2025 in a bid to promote inbound tourism this year.

The plan will establish a clear roadmap, along with the necessary resources, to address spatial conflicts in marine resource exploitation.

According to the MoF, this is an extension policy, not a tax exemption or reduction.

These criteria assess the impact of foreign investment on economic development, considering factors such as capital, growth, operational performance, technology, tax contributions, spillover effects, and links to domestic enterprises.

The Politburo directed the Party Central Committee’s Organisation Commission to continue working closely with Party committees and affiliated Party bodies to tackle obstacles arising during the implementation phase, ensuring strict adherence to the 13th-term Politburo’s Directive on the organisation of Party congresses at all levels in the lead-up to the 14th National Party Congress and the Politburo’s conclusion on adjustments to the Directive.

The 15th National Assembly (NA) adopted a resolution on several special mechanisms and policies for the Ninh Thuan nuclear power project at its ninth extraordinary session on February 19.

The National Assembly on February 18 passed the revised Law on Government Organization, with 463 out of 465 deputies voting in favor, making up 96.86% of the total lawmakers at the ongoing 9th extraordinary session in Hanoi.

Tran Quoc Nam, Chairman of the Ninh Thuan provincial People's Committee and head of the provincial delegation of NA deputies, stated that restarting the Ninh Thuan nuclear power project is a great opportunity for the province to become the nation's clean energy hub.

In order to immediately implement Resolution No. 57-NQ/TW on breakthroughs in the development of science, technology, innovation, and national digital transformation, the Government has submitted a draft resolution on piloting several policies to remove obstacles in science, technology, and innovation activities, the PM noted.

Imported goods valued under 1 million VND (39.4 USD) sent via express delivery services will no longer be exempt from value-added tax (VAT) starting from 18 February 2025, as announced by the General Department of Customs.

Specific mechanisms and policies are critically important to speeding up the project, helping ensure national energy security and meet power demand of socio-economic development in the new era, Minister of Industry and Trade Nguyen Hong Dien said.

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people's livelihoods.

The Vietnamese legislature will consider and pass seven resolutions aimed at addressing key challenges and obstacles to boost the country's socio-economic development during its 9th extraordinary session.

Deputy FM Bui Thanh Son is expected to deliver an important speech during a session on harnessing digital innovation and renewable energy to drive economic growth and competitiveness for emerging economies.

Instead of enjoying a zero percent registration fee, battery-powered electric vehicles (EVs) will be required to pay 50% of the fee applicable to internal combustion engine cars with the same seating capacity.

Efforts will be made to urgently complete and develop the national nuclear power infrastructure to support the implementation of the Ninh Thuan nuclear power project, while continuing to carry out the national nuclear power development programme.

The government has planned to raise its GDP growth target to 8% or higher for 2025 and has submitted the revised plan to the National Assembly for consideration and approval at its coming extraordinary session in Hanoi next week.

Prime Minister Pham Minh Chinh has requested ministries, sectors and localities to develop response plans for potential adverse scenarios in 2025 based on global complications, including the risk of a trade war, to keep the economy on the right recovery track.

The Government leader asked for urgent, serious, synchronous and effective implementation of projects, tasks, and solutions outlined in resolutions and conclusions of the Party Central Committee, the National Assembly, and the Government, especially a supplementary plan for socio-economic development in 2025, aiming for a growth rate of at least 8%.

In a significant move to support businesses during challenging times, the Vietnamese government has extended and enhanced various tax relief programmes for 2025, with reductions and deferral measures aimed at stimulating economic growth.

Over the past 95 years, the Communist Party of Vietnam (CPV) – the vanguard of the working class, the working people and the Vietnamese people – has led the country through countless hardships and challenges to achieve great victories and achievements, leaving a lasting imprint on the nation's glorious history.

The Lao People’s Revolutionary Party (LPRP) Central Committee and the Communist Party of China Central Committee have sent their congratulatory messages to the Communist Party of Vietnam (CPV) Central Committee on the CPV’s 95th founding anniversary (February 3, 1930 - 2025).

Under the Party’s leadership, Vietnam is well prepared to navigate all challenges and build a prosperous future.

The journey Vietnam is undertaking will not only elevate the nation but also serve as an inspiring example for socialist movements around the world.

In 2024, the National Assembly made numerous landmark decisions, marking a profound transformation in legislative thinking and methodology that enabled proactive and effective legislative work to meet the demands of national development in the new era.

Between now and 2030, Vietnam is committed to reducing the extraction and use of non-renewable and water resources, while simultaneously enhancing the efficiency of resource, material and energy usage.

Party General Secretary To Lam, State President Luong Cuong, and Prime Minister Pham Minh Chinh on January 21 (Hanoi time) sent congratulations to Donald Trump on being sworn in as the 47th President of the US.