Vietnam, 6 major policy changes to take effect from March

Starting in March 2025, six major policies will be implemented in Vietnam, which are expected to have a wide range of impacts on people’s lives, including boosting tourism, reorganizing government agencies, changing rice export regulations, strengthening mineral management, and strengthening tax management.

Key Contents

• Visa waiver extension: 45-day visa waiver for nationals of Poland, Czech Republic and Switzerland (1 March 2025 - 31 December 2025)
• Government agency reorganization: adjustment of functions, duties, powers and organizational structure of ministries, ministerial agencies and government agencies (effective March 1, 2025)
• Reorganization of local institutions: Regulations on the organization of specialized institutions under the people's committees of provinces and districts (effective from March 1, 2025)
• Strengthening rice export regulations: Allowing consignment transactions between holders of rice export business qualification certificates, mandating weekly reporting of inventory levels (effective March 1, 2025)
• Strengthening mineral management: specify mining hours in river sand and gravel mining permits, ban night mining (effective March 1, 2025)
• Strengthening tax management: Strengthening tax management regulations for related party transactions, clarifying criteria for affiliate relationships (effective March 27, 2025)

Details

• Visa Waiver : Visa waiver for citizens of three European countries under the tourism revitalization program, expected to boost the tourism industry.
• Government agency reorganization : 22 ministries will be reorganized, and major ministries, including the Ministry of Foreign Affairs and the Ministry of Finance, will be reorganized, with increased efficiency expected.
• Reorganization of local institutions : unification of specialized institutions under local people's committees, organization of some regional departments, and strengthening of administrative efficiency.
• Strengthening rice export regulations : Enhancing transparency in rice export markets, strengthening inventory management, and strengthening the responsibility of rice export companies.
• Strengthening mineral management : limiting mining time for river sand and gravel, strengthening environmental protection and resource management.
• Strengthening tax management : Enhancing transparency of capital transactions between companies, clarifying affiliate relationships, and increasing tax management efficiency.

conclusion

The six policies that will be implemented from March are expected to bring about various changes across all sectors of Vietnamese society. The government aims to vitalize the tourism industry, increase administrative efficiency, strengthen resource management, and increase transparency in tax administration through the implementation of the policies.