The fourth session of Vietnam’s National Assembly XV (“Meeting“), which is taking place between 20 October 2022 and 18 November 2022, comprises meaningful discussions and the approval of draft legislation. The meeting agenda covers 14 legislative projects, only seven of which will be passed; the other seven will have to wait until the next session (i.e., June 2023). Summarized below are the legislative schedules of notable draft legislation relevant to businesses.
- Of the seven draft laws that are expected to be passed in November, three are highly relevant to businesses in the technology, media and telecommunications, energy and finance sectors.
|No.||Draft laws to be passed||Working schedule|
|Presentation of the draft law||Discussion of the draft law||Voting for approval of the draft law|
|1||Draft law amending and supplementing some articles of the Law on Radio Frequencies||21 October 2022||21 October 2022||9 November 2022|
|2||Draft Law on Petroleum (amended)||25 October 2022||25 October 2022||14 November 2022|
|3||Draft Law on Anti-money Laundering (amended)||20 October 2022||24 October 2022 (first session)1 November 2022 (second session)||15 November 2022|
- Of the seven draft laws that are not intended to be approved this time, the following are notable:
|No.||Draft laws to be presented and/or discussed||Presentation of the draft law||Discussion of the draft law|
|1||Draft Law on Land (amended)||1 November 2022||3 November 2022(first session)14 November 2022(second session)|
|2||Draft Law on E-transactions (amended)||25 October 2022||2 November 2022(first session)11 November 2022(second session)|
|3||Draft Law on Protection of Consumers’||25 October 2022||2 November 2022 (first session)10 November 2022(second session)|
We will keep track of the latest developments in the Meeting and update you about any important details on the above draft legal statutes. Please let us know if you have any inquiries regarding the draft legislation. Meanwhile, stay tuned for our further alerts with detailed comments on significant changes introduced by these legal documents, which may affect businesses across a number of sectors.