National Assembly Continues 9th Session with Law Amendments and Economic Discussions

Strategic Insights -

The National Assembly continued its ongoing 9th session on June 17, with lawmakers set to vote on a law amending and supplementing certain articles of the Law on Enterprises and a resolution on the reduction of value-added tax (VAT). The session also included discussions on major topics such as the implementation of the 2024 socio-economic development and state budget plans, as well as the approval of the 2023 state budget final accounts.

Key Takeaways:

  • The National Assembly will vote on a law amending and supplementing certain articles of the Law on Enterprises and a resolution on the reduction of value-added tax (VAT).
  • Lawmakers will discuss the implementation of the 2024 socio-economic development and state budget plans, as well as the approval of the 2023 state budget final accounts.
  • The GDP growth in the first quarter of 2025 is estimated at 6.93%, the highest for the same period in the 2020-2025 period.
  • Several localities recorded double-digit growth in the first quarter of 2025.
  • State budget revenue reached over 944 trillion VND (36.22 billion USD) in the first four months of 2025, equivalent to 48% of the annual target and up 26.3% year-on-year.
  • Total import-export turnover was estimated at over 275 billion USD in the first four months of 2025, increasing by 15% year-on-year.
  • The National Assembly will also deliberate on thrift practice and anti-wastefulness, as well as the progress towards the national goal of gender equality last year.
  • The session is broadcast live on national television and radio.

Statistics:

  • GDP growth in the first quarter of 2025: 6.93%
  • State budget revenue in the first four months of 2025: 944 trillion VND (36.22 billion USD), equivalent to 48% of the annual target and up 26.3% year-on-year
  • Total import-export turnover in the first four months of 2025: over 275 billion USD, increasing by 15% year-on-year
  • Number of localities with double-digit growth in the first quarter of 2025: several

Sources:

  • Vietnam News Agency (Original publication date: June 17)