Vietnam

Phân cấp thực hiện thủ tục hành chính về hóa chất

Bao Dien Tu | Local Language | News | Jan. 23, 2026 | Regulation

Circular No. 01/2026/TT-BCT outlines regulations for decentralizing administrative procedures related to permits for production, business, and combined production-and-business of chemicals requiring special control in groups 1 and 2. It covers the issuance, reissuance, amendment, and extension of export and import permits, chemical safety forms, logbooks for monitoring chemical activities, and the establishment of a Sectoral Chemical Database. The Circular also includes templates and deadlines for chemical management, as well as regulations on hazardous chemicals that must be publicly reported under the Ministry of Industry and Trade’s authority.

Under the decentralization framework, Provincial People's Committees are responsible for managing permits related to group 2 chemicals for organizations with their principal business location in the province. They handle dossiers for production, business, or storage activities limited to their locale and coordinate with other provinces if the organization operates in multiple localities. The Department of Chemicals manages permits for prohibited chemicals, group 1 chemicals, both groups 1 and 2, and oversees activities like certificate issuance for chemical storage services and new chemical appraisals.

The Circular specifies timelines for processing and coordination between Provincial People's Committees when organizations operate in multiple localities. It mandates updating permits on the Sectoral Chemical Database within seven working days after issuance for proper monitoring. It also states that organizations holding valid permits for group 2 chemicals must apply to the Department of Chemicals for permits if they intend to operate with group 1 chemicals.

Additionally, the Circular reiterates that prohibited chemicals, as defined by the Law on Investment, are not allowed for use in the industry and trade sector unless authorized by a competent authority. The Circular aims to streamline permit administration and enhance state chemical management through decentralization and digital transformation.

Bảo đảm cả nước không quá 3.000 dự án sử dụng vốn ngân sách trung ương

Dantri | Local Language | News | Jan. 23, 2026 | Regulation

On January 21, Minister of Finance Nguyễn Văn Thắng presented a paper at the Party’s 14th Congress outlining the need to perfect financial institutions and laws to support rapid and sustainable national development. The Ministry of Finance has actively contributed to removing bottlenecks by submitting key resolutions and issuing numerous legal documents to enhance economic competitiveness. Achievements include a 37.6% increase in registered enterprise capital since 2020, state budget revenues nearly 9.9 million billion VND, and significant growth in public investment and stock market capitalization.

Despite these successes, challenges remain such as aligning financial laws with technological advances, uneven policy implementation, inefficient capital use, and an underdeveloped capital market that has yet to become a primary channel for long-term economic capital. The government aims for an average GDP growth of 10% annually by 2030, reaching a per capita GDP of about 8,500 USD, with social investment capital around 40% of GDP.

To achieve these goals, the Ministry of Finance will prioritize issuing guiding documents for new laws early in 2026 and institutionalizing Party resolutions to drive economic component development. Emphasis will be placed on strengthening the state economy’s leading role, developing the private sector as the key growth driver, supporting cooperatives, and attracting foreign investment. An expansive fiscal policy closely coordinated with monetary and other policies will be pursued to ensure economic growth and financial stability.

A key strategy is restructuring public investment by improving efficiency, focusing resources on breakthrough projects, and limiting the number of central government budget-funded projects nationwide to no more than 3,000 to better leverage investment from other economic sectors. Additionally, stock market development will deepen to mobilize medium- and long-term capital effectively, including attracting international funds. The Ministry commits to advancing law enforcement and financial policies to ensure sustainable and synchronized economic growth in line with the Party’s 14th Congress objectives.

Tăng cường phân cấp, phân quyền trong thúc đẩy phát triển kinh tế tư nhân

Bao Dien Tu | Local Language | News | Jan. 23, 2026 | UndeterminedInitiative

At the 14th National Congress of the Party on January 21, Secretary of the Saigon Ward Party Committee Nguyen Tan Phat outlined a strategy for leading rapid and sustainable private economic development in Saigon Ward, a central urban area in Ho Chi Minh City with significant historical and economic importance. Saigon Ward is a hub for international finance, commerce, and high-end services, featuring a modern urban economy that includes digital, sharing, night-time, financial, and 24/7 service economies. The Ward operates under a two-tier local government system which enables closer engagement with organizations, enterprises, and residents.

The Ward Party Committee has developed a developmental program for high-end trade, services, finance, and international tourism for 2025-2030, aligned with the Politburo Resolution No. 68-NQ/TW and recent amendments supporting special mechanisms and policies for Ho Chi Minh City. Key economic measures include enhancing quality and service in supermarkets, shopping centers, and retail stores, building free trade commercial centers for diverse high-end products, and attracting financial experts and strategic investors to the International Financial Center. Administrative reforms are focused on simplifying procedures, streamlining the apparatus, and accelerating digital transformation to facilitate rapid access to public services.

Economic statistics indicate significant growth in Saigon Ward’s private economy, with 14,283 enterprises and business households as of early 2026, an increase of 966 units since mid-2025. Local budget revenue substantially exceeded the 2025 targets, with state budget revenue reaching 186.67% of the assigned estimate. The 2026 budget sets a target of 10,453 billion VND, with the private economy expected to contribute over 64% of this revenue, underscoring its importance as a dynamic driving force behind local development.

Private sector participation in socio-economic projects and facility development in Saigon Ward has increased, reflecting strong confidence from entrepreneurs and enterprises in the political and socio-economic environment. Nguyen Tan Phat emphasized promoting the Party’s adaptive leadership, encouraging Vietnamese entrepreneurs, and the State’s need to innovate alongside fast-changing market conditions. Harmonizing interests among the State, businesses, and people is essential for sustainable private economic development.

The effectiveness of the market economy relies on competition, innovation, creativity, and adaptability, with decentralization and delegation in economic management identified as critical to promoting private sector growth. Policies around corporate income tax and procedure fees must align with city and national development goals. Saigon Ward, newly established in July 2025 with a population of 47,022 and a strong Party organization, aims to become a dynamic economic and financial center, contributing to Ho Chi Minh City's vision as an international mega-city and Asian destination.