Adjusting the legal framework for sub-standard goods The police authorities are currently seeking opinions to amend criminal regulations. A key proposal is the clear distinction between the trade of counterfeit goods and substandard products. Current laws do not clearly separate these two categories, making it difficult to assess the level of harm and apply appropriate penalties. Introducing a specific offense for substandard goods is expected to ensure legal fairness and enhance deterrence.
Tightening food safety regulations In an effort to protect consumer health, a new draft decree is being reviewed to replace old regulations on administrative sanctions in the food sector. Notably, fines for individuals could reach 100 million VND, while organizations could face up to 200 million VND. Specifically, the use of diseased animal carcasses or unauthorized chemicals in food processing will be strictly penalized with maximum fines, even if the product value is under 10 million VND.
Personnel and ownership changes in the steel industry The stock market recorded a notification from Nam Kim Steel Joint Stock Company regarding transactions by a related person of an internal leader. Specifically, Mr. Ho Minh Phat, the son of the company’s Chairman, completed the purchase of an additional 5 million shares in the final week of April 2026. Following this transaction, his ownership stake increased to 2.23% of the charter capital, equivalent to 10 million shares.
Intensifying inspections of medical facilities in Ho Chi Minh City Health authorities in Ho Chi Minh City have released a list of facilities sanctioned for operational violations. Several dental and cosmetic establishments have been suspended for 12 to 18 months and faced fines totaling hundreds of millions of VND. The primary violations included providing services and advertising without official licenses or failing to maintain proper medical records.