Vietnam: Publishment Of National Action Plan Promoting Responsible Business Practices In Vietnam (2023-2027) – Anderson Mori & Tomotsune


To print this article, all you need is to be registered or login on

In a significant stride towards enhancing responsible business
practices in Vietnam, Prime Minister issued Decision No. 843/QD-TTg
on July 14, 2023. This momentous decision marks the commencement of
a comprehensive national action plan (“NAP”) aimed at
promoting awareness of responsible business practices and ensuring
the policies and laws are in line with Vietnam’s international
commitments, especially the European-Vietnam Free Trade Agreement
(EVFTA) and Comprehensive and Progressive Agreement for
Trans-Pacific Partnership (CPTPP). The plan spans the period of
2023 to 2027 and is set to have a far-reaching impact on various

At its heart, the NAP lays out an extensive roadmap for the
assessment and refinement of specific laws and regulations in
pivotal areas such as investment, labor, environment, consumer
rights protection and personal data protection. By targeting these
areas, the NAP seeks to elevate the standards of responsible
business practices across the nation.

Key Highlights of the National Action Plan:

  1. Investment Sector: Guiding documents for the
    Law on Bidding and the Law on Consumer Rights Protection are
    projected to be enacted by 2024. In a bid to enhance responsible
    business practices, the plan proposes the creation of an investment
    project screening toolkit. This toolkit is poised to facilitate the
    identification of projects that harmonize with the unique
    characteristics and priorities of each specific locality.

  2. Labor Domain: Addressing labor relations, the
    NAP charts a comprehensive strategy for the evaluation, amendment,
    and introduction of new legislation. By 2025, a comprehensive
    report on enhancements to the Law on Occupational Safety and
    Hygiene, the Law on Social Insurance, and the Law on Employment is
    expected. Subsequently, by 2027, amendments and supplements to the
    Law on Trade Union will be enacted, accompanied by the release of
    corresponding guiding documents.

  3. Vulnerable Groups Protection: Focus on the
    group of laws to protect vulnerable groups, the NAP considers the
    new enactments and revisions to align with the international
    standards of Law on Gender Equality, Law on People with
    Disabilities, Law on Children and their guiding regulations.
    Especially, Law on Transgender is expected to be newly issued by
    2025 for deploying the right to transgender in the Civil Code.

  4. Environmental Focus: The NAP also delves into
    the realm of natural resources and the environment. The goal is to
    conduct thorough reviews and propose amendments, supplements, and
    new regulations. The relevant reports and recommendations are
    anticipated to be finalized by 2025.

  5. Legal Proceedings and Sanctions: Revisions to
    the Civil Procedure Code, the Law on Commercial Arbitration
    together with their guiding regulations and other provisions
    governing administrative violation sanctions are also considered.
    Accordingly, the NAP sets out the deadlines for completion of
    reports and recommendations for revisions to Civil Procedure Code
    and administrative violation sanctions by 2027 and by 2025 for
    those of Law on Commercial Arbitration in order to accommodate
    Vietnam’s current economic and investment landscape. This will
    contribute to fostering responsible business conduct within the
    Vietnamese market.

  6. Personal Data Protection: Notably, the NAP
    sets a plan to introduce the long-awaited Law on Personal Data
    Protection. This pivotal document is anticipated to consolidate
    regulations related to personal data protection, currently
    dispersed across various legal documents, and will impose stringent
    requirements to ensure the safeguarding of personal data.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

POPULAR ARTICLES ON: International Law from Vietnam

Import And Export Procedures In India

Dezan Shira & Associates

Businesses planning to set up a trading company, or start importing or exporting from India, must understand the stages and stakeholders involved in the process, as well as the regulatory framework and documentation required.

Extension In Validity Of Industrial Licenses

Stratage Law Partners

The Department of Promotion of Industry and Internal Trade (DPIIT) has issued a press note dated July 21, 2023 (available here) and provided guidelines for streamlining the procedure for grant of industrial licenses.

Navigating Customs Voluntary Disclosure Reforms

Horizons Corporate Advisory Co Ltd

China Customs has been actively developing a customs voluntary disclosure system suited to its environment since the launch of the pilot project on enterprise self-regulation management in 2014.

Leave a Comment