[Draft] State Budget Law (consolidated)
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Based on:National Assembly - Draft laws
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Vietnam's National Assembly is in the process of drafting and consolidating a State Budget Law, led by the Ministry of Finance with review by the Economic and Financial Committee. This draft law is expected to be presented at the First Extraordinary Session of the 16th National Assembly term. The official passage date has not yet been announced and remains pending. At this stage, the detailed content of the draft has not been fully published in the source material - only information about the drafting agency, the reviewing committee, and the expected submission timeline is available. The State Budget Law is a foundational legal instrument governing state revenue, expenditure, and fiscal management, with broad implications for tax policy, public resource allocation, and the overall business environment. Businesses, particularly those that transact with the public sector or are affected by fiscal policy, should monitor the progress of this draft law. RegHub will provide updates once the detailed content and specific provisions of the draft become available.
Draft law information
Draft title: State Budget Law (consolidated)
Lead drafting agency: Ministry of Finance
Lead reviewing body: Economic and Financial Committee
Expected submission: 16th National Assembly term - First Extraordinary Session
Expected passage: 16th National Assembly term - pending update
Background
This is a legislative-tracking notice for the draft State Budget Law (consolidated version) published on the National Assembly's Draft Law Online portal. The detailed content of the draft law has not yet been published on this source; only administrative information about the drafting agency, the reviewing committee, and the expected timeline is currently available.
The State Budget Law is a core legal instrument governing the preparation, execution, auditing, and settlement of the state budget at both central and local levels. Amendments or consolidation of this law could affect policies related to budget revenue (including taxes), public expenditure allocation, public investment, and overall fiscal management.
Relevance for businesses
Although the specific content has not yet been disclosed, businesses - particularly those that participate in public tenders, provide services to the public sector, or are directly affected by national fiscal policy - should keep track of this draft law's progress. Changes to the State Budget Law could indirectly influence future tax policy, public investment, and the broader business environment.
RegHub will update this article, or publish a new one, once the detailed content of the draft, along with the review and passage outcomes, is officially released.