The Presidential Office held a press conference on February 19 to announce the President’s order announcing two laws that were approved by the 15th National Assembly during its fifth extraordinary session, namely the Land Law (revised) and the Law on Credit Institutions (revised).
Vice Chairman of the Presidential Office Pham Thanh Ha (standing) reads the President’s order announcing two laws that were approved by the 15th National Assembly during its fifth extraordinary session (Photo: VNA)
Hanoi (VNA) – The Presidential Office held apress conference on February 19 to announce the President’s order announcing two laws that were approved by the 15th National Assembly during its fifth extraordinarysession, namely the Land Law (revised) and the Law on Credit Institutions(revised).
The Law on Credit Institutions (revised), comprising 15chapters and 210 chapters, will take effect from July 1, completing legal regulations regarding theorganisation and operations of credit institutions and dealing with shortcomingsof the current law.
Along with promoting the application of science andtechnology in the banking sector and the development of modern banking productsand services, it strengthens self-inspection, internal control,and self-responsibility of credit institutions towards enhancing openness andtransparency in banking activities, while perfecting the legal framework forhandling credit institutions facing liquidity risks and bad debt of credit institutions.
Meanwhile, the Land Law (revised) has 16 chapters and 260articles. It will be effective from January 1, 2025, except for someparticular articles.
Notably, it removes regulations on the Government's landprice framework while stipulating principles, foundations, and methods of land pricing. Under the revised law, a land price list will be made on an annualbasis. The land price list will be first announced and applied from January 1,2026, and will be adjusted and supplemented from January 1 of the followingyear.
Meanwhile, the authority of land pricing will be given tothe heads of the People’s Committees at the district level, according to thelaw./.
The amended Land Law, freshly passed at the 15th National Assembly (NA)’s 5th extraordinary session, introduces numerous new elements, focusing on five groups of issues, a legislator said at a January 18 press conference on outcomes of the session.
The newly approved Land Law, Housing Law, and Law on Real Estate Business, which will take effect from 2025, are expected to create more favourable conditions for Overseas Vietnamese (OVs) in owning and trading real estate, according to experts.
The amended Land Law which was passed at the 15th National Assembly’s fifth extraordinary session in mid-January is expected to provide a firm legal framework to enhance land management efficiency and create new momentum for Vietnam to become a high-income country by 2045.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
Vice Chairman of the Presidential Office Pham Thanh Ha (standing) reads the President’s order announcing two laws that were approved by the 15th National Assembly during its fifth extraordinary session (Photo: VNA) 
