The 29 laws cover digital transformation, e-commerce, tax administration, construction, journalism, population, healthcare, security, and justice. Together they form a comprehensive system, simultaneously impacting national governance, economic development, social welfare, and the improvement of public services.
The Law on Tax Administration, the Personal Income Tax Law, the Construction Law, and the Law on E-commerce all aim to reduce compliance costs, increase transparency, and promote a more favorable investment and business environment. In the rapidly growing digital economy, the new regulations also help ensure fairness between traditional business models and digital platforms.
Nguyen Lam Thanh, CEO of TikTok Vietnam, said: “With the new legal framework, Vietnam’s e-commerce will certainly be much more transparent than traditional models, because all content and goods posted online, and information about the sellers and transporters, is recorded. That makes the process completely transparent.”
Many of the new regulations are aimed at building a modern administration, improving the effectiveness and efficiency of state management, and strengthening power control. That’s an urgent requirement as Vietnam accelerates administrative reform, decentralization, delegation of authority, and building a public service that better serves the people.
Ho Quang Huy, Director General of the Department of Legal Document Inspection and Law Enforcement of the Ministry of Justice, said: “The legal documents address bottlenecks, improve the legal system’s structure, and support the development of a modern, rational, scientific, democratic, equitable, coordinated, unified, open, and transparent legal system. They also serve national defense and security, international integration, anti-corruption, waste and negativity prevention, unlocking of resources, turning legal institutions into a competitive advantage, paving the way for development, and meeting the requirements of rapid and sustainable national development in the new era.”
The simultaneous implementation of 29 laws demonstrates an acceleration of institutional reform to realize the Party’s guidelines on building a socialist rule-of-law state and creating new momentum for growth.
