Policies in Action

Policies in Action

1986 Doi Moi (Renewal): Pivotal turning point in socialist construction

1986 Doi Moi (Renewal): Pivotal turning point in socialist construction

The sixth National Party Congress in December 1986 mapped out the Doi Moi (Renewal) policy and initiated the process of Party-led reforms in Vietnam. This marked a crucial turning point in socialist construction, unleashing national strength and potential to propel the country forward. During the 1986–1995 period, the Party led the reform, abolished the subsidy mechanism, and transitioned to a socialist-oriented market economy, overcoming socio-economic crises and laying a firm foundation for international integration.
Credit growth nears 18% in 2025: central bank

Credit growth nears 18% in 2025: central bank

At a press conference on banking sector performance in 2025 and tasks for 2026, held in Hanoi on December 29, SBV Deputy Governor Pham Thanh Ha said that as of December 24, 2025, total outstanding credit to the economy exceeded 18.4 quadrillion VND (about 670 billion USD), up 17.87% compared to the end of 2024.
New-style rural building drive delivers strong results nationwide

New-style rural building drive delivers strong results nationwide

The “new-style rural area building” emulation movement for the 2021–2025 period delivered key achievements nationwide, contributing to a fundamental transformation of rural landscapes, improved living standards, and progress in agricultural restructuring, rural economic development aligned with urbanisation, environmental protection, and the preservation of traditional cultural values.
Key economic policies taking effect in January 2026

Key economic policies taking effect in January 2026

A wide range of new economic policies and legal provisions will come into force in January 2026, covering taxation, advertising, land use, minimum wages, public finance, railways, technology transfer and statistics, among others.
Government to provide cash gifts to social policy beneficiaries ahead of Tet 2026

Government to provide cash gifts to social policy beneficiaries ahead of Tet 2026

People who rendered meritorious services to the revolution, those entitled to social protection, and social pensioners as defined by respective national ordinances, and decrees, together with orphans without guardians or those living in orphanages will receive a cash gift of 400,000 VND (15.2 USD) per person on the occasion of the 14th National Party Congress and the 2026 Lunar New Year (the Year of the Horse).
Culture must be Vietnam’s strength, people’s spiritual foundation: PM

Culture must be Vietnam’s strength, people’s spiritual foundation: PM

He emphasised that the sector must cultivate an advanced Vietnamese culture rich in national identity, promote well-rounded human development, and foster a humane, civilised, and modern cultural environment, ensuring that culture permeates society and serves as both a strong spiritual foundation and an internal driver of development.
Khanh Hoa tightens fisheries management to combat IUU fishing

Khanh Hoa tightens fisheries management to combat IUU fishing

Khanh Hoa province is stepping up comprehensive measures to prevent illegal, unreported and unregulated (IUU) fishing, while making thorough preparations for the fifth inspection by the European Commission (EC), with the aim of lifting the “yellow card” warning and promoting sustainable fisheries development.
Hanoi strengthens efforts to curb sex imbalance at birth

Hanoi strengthens efforts to curb sex imbalance at birth

Alongside changing mindsets, the capital has implemented a wide range of coordinated solutions to address sex imbalance at birth. Communication campaigns have been intensified at the grassroots level, targeting residential communities, youth, couples preparing for marriage and women of reproductive age.
11th National Patriotic Emulation Congress successfully wraps up

11th National Patriotic Emulation Congress successfully wraps up

Patriotic emulation movements across the country have produced landmark achievements in the Ho Chi Minh era, including defeating the COVID-19 pandemic, completing the elimination of substandard housing four months ahead of schedule, building more than 3,000 kilometres of expressways, and advancing science – technology, innovation, and digital transformation.
11th National Patriotic Emulation Congress officially opens in Hanoi

11th National Patriotic Emulation Congress officially opens in Hanoi

The 11th National Congress of Patriotic Emulation is an extremely important political and social event of the country, aiming to summarise the patriotic emulation movement and commendation work in the 2021-2025 period, and to propose and launch the patriotic emulation movement for the 2026-2030 stage.
Combating IUU fishing begins with fishermen’s awareness

Combating IUU fishing begins with fishermen’s awareness

As the whole country intensifies efforts to remove the European Commission’s (EC) “yellow card”, Dak Lak province is demonstrating strong determination. Notably, clear changes in fishermen’s awareness and actions have become a crucial and prerequisite foundation in the process of building a sustainable, modern and responsible marine fishing industry.
Vietnam’s trade turnover tops 900 billion USD for first time

Vietnam’s trade turnover tops 900 billion USD for first time

Vietnam's total trade in 2025 reached about 920 billion USD, up 16.9% year on year. Of the total, exports were valued at 470.59 billion USD, a year-on-year increase of 15.9%, while imports amounted to 449.41 billion USD, up 18%, resulting in a trade surplus of around 21.2 billion USD.
Vietnam makes strides in sustainable agricultural development

Vietnam makes strides in sustainable agricultural development

Two years after the Prime Minister approved Decision 150 on the Sustainable Agriculture and Rural Development Strategy for the 2021–2030 period, in 2023, Vietnam issued a National Action Plan to transform food systems in a transparent, responsible and sustainable manner through 2030. This marked a breakthrough step, demonstrating Vietnam’s responsibility to the international community following the United Nations Food Systems Summit in 2021.
Incentives in Population Law expected to reverse birth rate decline

Incentives in Population Law expected to reverse birth rate decline

Vietnam’s population has already topped 100 million, but the 2025 population report reveals trends accelerating well beyond earlier forecasts. Fertility has nosedived to all-time lows: the total fertility rate slipped from 2.01 children per woman in 2022 to 1.96 in 2023, then plunged to a record 1.91 in 2024.
Decree regulates corporate income tax incentives

Decree regulates corporate income tax incentives

A CIT rate of 15% applies to enterprises with a total revenue in the preceding year of not more than 3 billion VND (114,000 USD), while a CIT rate of 17% applies to enterprises with a total revenue in the preceding year of over 3 billion VND but not more than 50 billion VND.
Circular on domestic maritime transport permits for foreign vessels issued

Circular on domestic maritime transport permits for foreign vessels issued

Circular on domestic Under the circular, which will take effect from February 1 next year, the Minister of Construction will grant the permits for cases such as transporting oversized or overweight cargo or other types of goods using specialised vessels; clearing congested cargo, passengers, and luggage at ports when Vietnamese ships are unable to handle them; and conducting disaster relief, disease control, or emergency humanitarian aid.maritime transport permits for foreign vessels issued