The meeting held on September 28 focused on addressing shortcomings in key laws and ensuring a more efficient regulatory framework to support economic growth and stability.

Evaluating the draft national airport planning, analysts believe there have been miscalculations on passenger forecasts in localities. The evaluation criteria and scoring scale both lack basis, leading to airport rankings exhibiting shortcomings.

The General Department of Vietnam Customs has said the average export price of tea from Vietnam is currently $1,781 per ton, only two-thirds of the average global price. The price is low due to shortcomings such as an unreasonable varieties, insufficient investment in high-quality tea, and limited processing and consumption. Vietnam has 370 organizations and enterprises involved in exporting tea to 74 countries and territories, but these are mainly raw products with low value.

The Ministry of Finance has issued five draft amendments over the past year to Decree No. 153 from the government on the offering and trading of individual corporate bonds in the domestic market and the offering of corporate bonds in the international market. However, even this most recent version is considered to adopt a “closed-market” approach due to overly-strict regulations.

Vietnam’s corporate bond market has grown strongly in recent times but been accompanied by risks regarding product quality. Management agencies must therefore warn investors and at the same time take drastic action to ensure the market reaches its potential to develop stably. The market now accounts for nearly 17 per cent of GDP and has become an important medium and long-term funding channel for businesses.

Certain shortcomings have become apparent as rooftop solar power begins to develop, such as local overloads in some localities and a number of power companies violating legal provisions during implementation.