The National Assembly agreed on allocating VND115.4 trillion (US$4.97 billion) for debt payment and VND220 trillion (US$9.47 billion) for development investment.

The month-long session will include an online meeting and gathering at the National Assembly Headquarters in Hanoi.

Following the ratification, the EVFTA would enter into force 30 days after the mutual notification between Vietnam and the EU about the completion of respective legal procedures.

Household businesses not required to formalize into enterprises, and a new definition of state-owned enterprises are among the notable changes to the new law.

A shortfall of 25% compared to the initial financial plan would trigger the risk-sharing mechanism in public-private partnership (PPP) projects.