Vietnam

Nghiên cứu, làm rõ chức năng, nhiệm vụ của Trung tâm Phòng ngừa tranh chấp đầu tư quốc tế

Bao Dien Tu | Local Language | News | Nov. 14, 2025 | UndeterminedLegal Exposure

The Ministry of Justice is in the process of finalizing a Proposal to establish the Center for Prevention and Resolution of International Investment Disputes. The Proposal aims to create a specialized agency focused on preventing and resolving disputes related to foreign investment by concentrating human and material resources. It includes defining the necessity, objectives, guiding principles, scope, and a suggested model for the Center.

Deputy Prime Minister Hồ Quốc Dũng emphasized that the Center's core function should be proactive prevention rather than merely handling disputes after they arise. Preventive measures include guiding and strengthening oversight of investment processes, ensuring strict procedures and legal compliance across ministries and localities, providing early legal support during project appraisal and operation, and developing an early warning system to identify potential risks that could lead to disputes.

The Deputy Prime Minister called for urgent and comprehensive completion of the draft Proposal, urging all relevant units to clarify key contents and submit the final document to the Government without delay.

'GDP phải tăng ít nhất 5 lần trong 20 năm tới để đạt mục tiêu năm 2045'

VN Express | Local Language | News | Nov. 14, 2025 | UndeterminedEconomic Growth

On November 12, Minister Nguyen Manh Hung outlined Vietnam's development strategy centered on science, technology, innovation, and digital transformation as key drivers to achieve the 2045 goal of becoming a developed, high-income country. He emphasized that past reliance on agriculture and low-value industrial processing must shift towards these advanced areas for sustainable growth. Drawing parallels with China, the Minister highlighted Vietnam’s unique approach combining science, technology, and innovation with digital transformation to accelerate progress.

To meet the 2045 target, Vietnam’s GDP must increase at least fivefold over the next 20 years, requiring annual growth rates of 10% for the first decade and 7% for the following ten years. This growth target is challenging and unprecedented globally. The Minister warned about the middle-income trap given that Vietnam achieved middle-income status in 2010, needing to reach high-income status within 35 years to avoid stagnation. Current investment in research and development remains low at 0.5% of GDP, and existing institutional, policy, and infrastructure constraints hinder advancement, alongside shortages in skilled human resources and cybersecurity vulnerabilities.

Resolution 57 by the Politburo was presented as a pivotal reform akin to the historic "Khoán 10" policy, designed to unleash creative power in science, technology, innovation, and digital transformation. This resolution aims to increase competitiveness and directly contribute to economic growth, labor productivity, and living standards. The Ministry plans to establish new evaluation criteria focusing on measurable impact rather than just input costs, with a priority on addressing major national challenges such as maintaining growth, mastering strategic technologies, environmental issues, and government efficiency through digital transformation.

Starting in 2026, science, technology, innovation, and digital transformation are expected to contribute over 5% to GDP growth. Innovation is projected to add 2–3%, digital transformation 1–2%, and science and technology 1%. The government has identified 11 strategic technologies, with particular focus on blockchain for capital and digital assets, robotics to boost labor productivity, and artificial intelligence to enhance knowledge. These three areas are prioritized as foundational elements driving capital, labor, and knowledge growth for Vietnam’s future development.

Vietnam News | English | News | Nov. 14, 2025 | Regulation

Vietnam's Ministry of Agriculture and Environment has proposed a roadmap to implement automobile emission standards aimed at reducing air pollution, protecting public health, and improving living conditions. The plan targets controlling vehicle emissions as a key source of environmental degradation.

Under the proposal, vehicles manufactured from 2022 must comply with Euro 4 emission standards starting January 1, 2026, and transition to Euro 5 standards by January 1, 2032. Additionally, vehicles from 2022 operating specifically in Hanoi and Ho Chi Minh City are required to meet Euro 5 standards by January 1, 2028.

Euro 4 standards mandate reduced permissible emission levels and cleaner exhaust gases, while Euro 5 standards enforce stricter limits, particularly for diesel vehicles, which will be required to install particulate filters to meet these regulations.