Notable News: This morning the National Assembly approved the removal of the 500 million VND/year tax-free revenue threshold for business households; Vinaconex wants to hold capital in Giay Thuong Dinh…

This morning, the closing session of the first meeting of the 16th National Assembly

According to the meeting agenda, this morning (April 24), the National Assembly will vote to approve several important draft resolutions and laws, and then close the session.

Notably, the National Assembly will vote to pass the Law amending and supplementing a number of articles of the Personal Income Tax Law, the Value Added Tax Law, the Corporate Income Tax Law, and the Special Consumption Tax Law.

This includes the expected removal of the 500 million VND/year threshold for business households, instead delegating to the government to set specific levels.

The National Assembly will also vote to approve a resolution on the state budget settlement for 2024. Resolutions on the National Assembly’s supervision program for 2027, and a resolution on establishing the National Assembly’s thematic supervision team for 2027.

The National Assembly will vote to pass a resolution on the development of Vietnamese culture, piloting the public defender institution, and establishing Dong Nai city.

Afterwards, the National Assembly will hold a separate session to vote on a resolution regarding special mechanisms and policies to handle land law violations by organizations and individuals that occurred before the 2024 Land Law took effect, and solutions to continue resolving difficulties and obstacles for stalled and prolonged projects.

From 10:30 AM, the National Assembly will hold a closing session, during which it will vote to approve a resolution on the socio-economic development plan for the five-year period 2026-2030.

Vote to approve resolutions on the national five-year financial plan for 2026-2030; the public borrowing and debt repayment plan for 2026-2030. Vote to approve the resolution on the medium-term public investment plan for 2026-2030 and the resolution of the first session of the 16th National Assembly.

Following this, National Assembly Chairman Tran Thanh Man will deliver the closing speech. It is expected that after the closing session, the Secretary General – Head of the National Assembly Office will hold a press conference to announce the results of the session.

Vinaconex wants to hold capital in Giay Thuong Dinh

Vietnam Export Import and Construction Joint Stock Corporation (VCG) has just announced the Board of Directors’ decision to approve the policy of buying GTD shares of Giay Thuong Dinh Joint Stock Company.

Accordingly, Vinaconex plans to receive the transfer of 2.23 million shares, equivalent to 24.03% of the charter capital of Giay Thuong Dinh, owned by existing shareholders.

Currently, VCG does not directly hold shares in GTD. However, a related party, An Quy Hung Holding Joint Stock Company, holds 24% of the capital. If the deal is completed, the total consolidated ownership ratio of VCG and An Quy Hung in GTD will rise to 48.03%, approaching the controlling threshold.

The shareholder structure at GTD has also recorded significant fluctuations in the first months of this year.

tax exemption - Image 2.
Doctors performing eye surgery for patients from Thanh An and Can Gio – Photo: BVCC

Bringing sight to 100 residents of Thanh An island commune and Can Gio

On April 23, Tu Du Hospital Branch 2 (in Can

National Assembly

The National Assembly is the lower house of the Parliament of France, located in the Bourbon Palace in Paris. Its history dates back to the French Revolution, when the Third Estate formed the National Assembly in 1789, asserting the sovereignty of the people. Today, it serves as a key legislative body, where deputies debate and vote on laws.

Vinaconex

Vinaconex (Vietnam Construction and Import-Export Joint Stock Corporation) is a major Vietnamese state-owned enterprise established in 1988, specializing in construction, real estate development, and building materials. It played a key role in Vietnam’s post-Đổi Mới urbanization, notably developing landmark projects like the Vinaconex Tower in Hanoi. Over the decades, it has expanded into infrastructure and international trade, becoming a prominent player in the country’s economic growth.

Giay Thuong Dinh

Giay Thuong Dinh, also known as the “Paper of the Royal Court,” is a traditional Vietnamese craft paper produced in the Thuong Dinh village near Hanoi. Historically, it was used for royal decrees, official documents, and artistic calligraphy during the feudal dynasties, prized for its durability and smooth texture. Today, the craft is preserved as a cultural heritage, reflecting Vietnam’s artisanal history and the meticulous techniques passed down through generations.

Dong Nai city

Dong Nai is a province in southern Vietnam, not a city, with its capital being Bien Hoa. Historically, the area was part of the ancient Kingdom of Champa before being settled by Vietnamese migrants in the 17th century, and it played a key role in the country’s industrial development after the Vietnam War. Today, Dong Nai is known for its industrial parks, natural landscapes like Cat Tien National Park, and cultural diversity.

Thanh An island commune

Thanh An Island Commune is a remote cluster of islands in Cần Giờ District, Ho Chi Minh City, Vietnam, known for its pristine natural landscapes and tranquil fishing communities. Historically, the area served as a strategic military outpost during the Vietnam War, and remnants of that era remain on the islands. Today, it is a developing eco-tourism destination, offering visitors a glimpse into traditional coastal life and unspoiled mangrove ecosystems.

Can Gio

Can Gio is a coastal district in Ho Chi Minh City, Vietnam, known for its extensive mangrove forests that form a UNESCO Biosphere Reserve. During the Vietnam War, the area was a strategic base for the Viet Cong, and its dense mangroves were heavily bombed and defoliated. Today, it is a popular ecotourism destination, offering visitors boat tours, wildlife viewing, and a chance to learn about its wartime history and ecological recovery.

Tu Du Hospital Branch 2

Tu Du Hospital Branch 2, located in Ho Chi Minh City, Vietnam, is a specialized medical facility focused on obstetrics, gynecology, and neonatal care. It is an extension of the historic Tu Du Hospital, which was originally established in the 19th century as a French colonial maternity hospital and has since become one of the country’s leading centers for women’s health. The branch helps alleviate overcrowding at the main campus while providing modern services to a growing population.