Resolution 31/NQ-CP: Declaring That Government Decrees Implementing the Price Law Remain in Force from 1 January 2026
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The Government issued Resolution 31/NQ-CP dated 3 March 2026 to confirm that three decrees implementing the Price Law No. 16/2023/QH15 remain in force from 1 January 2026 until superseded, amended, or repealed. The three decrees confirmed as continuing in force are: Decree 78/2024/ND-CP on asset valuation; Decree 85/2024/ND-CP detailing certain provisions of the Price Law; and Decree 87/2024/ND-CP on administrative penalties for price management violations. The resolution takes effect on the date of signing (3 March 2026). When conflicting provisions exist across regulatory texts, the provision with higher legal authority prevails.
Resolution 31/NQ-CP: Confirming Continued Effect of Price Law Implementation Decrees
Issued by: Government of Vietnam, 3 March 2026 (signed by Deputy Prime Minister Ho Duc Phoc) Official Gazette: No. 151, 17 March 2026
Purpose
To provide legal clarity confirming that three decrees implementing Price Law No. 16/2023/QH15 remain in force (notwithstanding the multiple amendments the Price Law has undergone).
Documents Confirmed as Remaining in Force (from 1 January 2026)
- Decree 78/2024/ND-CP dated 1 July 2024 - Details certain provisions of the Price Law on asset valuation
- Decree 85/2024/ND-CP dated 10 July 2024 - Details certain provisions of the Price Law (general provisions)
- Decree 87/2024/ND-CP dated 12 July 2024 - Administrative penalties for price management violations
Principle of Application
Where regulatory texts contain conflicting provisions on the same matter, the text with higher legal authority prevails (per Article 58(3) of the Law on Promulgation of Normative Legal Documents 2025).
Price Law Amendments
The Price Law No. 16/2023/QH15 has been amended by Laws No. 44/2024/QH15, No. 61/2024/QH15, No. 95/2025/QH15, and No. 140/2025/QH15.