The ongoing Vietnam Legal Reform is a critical initiative aimed at modernizing the nation’s legal framework and driving its economic development Vietnam. Led by NA Chairman Tran Thanh Man, this effort focuses on fostering innovation and ensuring robust economic growth, aligning with ambitious national objectives and preparing for a significant political event. As Vietnam enters a new era, these comprehensive legal reforms, integral to Vietnam Legal Reform, are fundamental to its transition and future prosperity.
NA Chairman’s Vision for Vietnam Legal Reform and a New Era of Innovation
NA Chairman Tran Thanh Man is spearheading a significant push for legislative renewal, emphasizing updated thinking and streamlined processes essential for Vietnam’s new era. This Vietnam Legal Reform work is guided by Politburo Resolution No. 66-NQ/TW, which promotes innovation in law-making and reforms in law enforcement. Vietnam is actively shifting its focus from traditional management to a development-centric approach, aiming to remove existing bottlenecks and unlock the nation’s full potential. Under this new paradigm, law is recognized as a crucial driver of growth and a cornerstone of progress, integral to effective Vietnam Legal Reform.
Pillars of Innovation and Digital Growth through Vietnam Legal Reform
Several new laws have been enacted as part of the broader Vietnam Legal Reform initiative. The Law on Digital Technology Industry, passed in June 2025 and effective January 1, 2026, addresses crucial areas like AI and digital assets, aiming to foster 150,000 tech firms by 2035 through incentives and workforce development. Complementing this, the law on science, technology, and innovation, also passed in June 2025 and effective October 1, 2025, elevates innovation alongside science and technology, promoting tech transfer and R&D. The Amended Law on Investment 2025, a key component of Vietnam Legal Reform, passed in December 2025 and effective March 1, 2026, simplifies procedures by removing 38 conditional business lines, smoothing market entry, and enhancing investment incentives. Furthermore, a planned law on digital transformation, set to take effect July 1, 2026, will establish a framework connecting digital regulations and dedicating 1% of the state budget to digital transformation. These comprehensive legal changes, including innovation laws, offer numerous benefits, such as tax breaks for R&D and visa exemptions for foreign experts, creating a solid foundation for Vietnam’s digital growth strategy. The ongoing Vietnam Legal Reform is designed to support mastery of strategic technologies and foster innovation hubs.
Strategic Goals and Global Integration within Vietnam Legal Reform
Vietnam has set ambitious national goals, aspiring to become a high-income nation by 2045 with robust economic development Vietnam and targeting over 10% GDP growth in 2026. The digital economy is projected to exceed 20% of GDP, with Vietnam aiming for leadership in AI and global competitiveness. A critical aspect of this digital growth strategy involves attracting foreign direct investment (FDI). The latest legal reforms significantly improve the investment climate, making Vietnam more appealing to international investors. These advancements in Vietnam Legal Reform ensure alignment with international standards, enhancing global integration and positioning the country favorably for major global events. The success of Vietnam Legal Reform is key to its future.
The 2026 Elections: A Major Political Event in the Context of Vietnam Legal Reform
A significant political event is on the horizon: the elections for the 16th National Assembly, scheduled for March 15, 2026, alongside elections for People’s Councils. This nationwide event, occurring two months earlier than usual, signifies electoral innovations and contributes to the ongoing state-building process. These elections are integral to strengthening Vietnam’s socialist rule-of-law state and provide crucial momentum for development. The political reset anticipated in early 2026, and the selection of new national leaders, are part of a pivotal transition period that the current legal reforms, part of the broader Vietnam Legal Reform, aim to support.
Conclusion
Vietnam is actively shaping its future through a comprehensive legal reform agenda, spearheaded by NA Chairman Tran Thanh Man. This proactive Vietnam Legal Reform focuses on innovation laws and digital growth strategy, which are vital for economic progress and align with Resolution 66-NQ/TW. The ongoing Vietnam Legal Reform is creating a modern legal system conducive to economic development Vietnam. The upcoming 2026 elections, a significant political event preparation, underscore Vietnam’s commitment to development and readiness for a new era. By building a strong foundation through this forward-looking legal push, Vietnam ensures its continued competitiveness and prosperity thanks to effective Vietnam Legal Reform.
