Hanoi: Prime Minister Le Minh Hung chaired the Government's August law-building session on August 18 to discuss 12 draft laws and resolutions scheduled for consideration and approval at the second session of the 16th National Assembly. Participants looked into 11 draft laws and one draft resolution, including laws amending and supplementing several articles of laws on non-agricultural land use tax and corporate income tax; natural resources tax; securities; accounting and independent auditing; the Labour Code; and laws on archives, gender equality, Red Cross activities and employment.

According to Vietnam News Agency, the session focused on ensuring that the proposed laws would bolster management reform and enhance the decentralisation process. The proposed legislative changes aim to address current challenges and improve the efficiency of governmental operations. The amendments to the laws on non-agricultural land use tax and corporate income tax are expected to streamline financial processes and boost economic growth.

The session also examined the laws on natural resources tax, securities, and accounting and independent auditing, seeking to align them with international standards and practices. A critical part of the discussion was dedicated to the Labour Code and laws on archives, gender equality, Red Cross activities, and employment, highlighting the government's commitment to social issues and workforce development.

Participants emphasised the importance of these legislative changes in fostering a more dynamic and responsive governance framework. The session underscored the need for laws that not only address current issues but also anticipate future challenges, ensuring sustainable development and equitable growth across the nation.