vietnam's tax policies

Update news vietnam's tax policies

From July, personal ID numbers to replace all tax codes in Vietnam

Vietnam implements a unified tax identification system beginning July 2025 to reduce risk and boost transparency.

Experts urge taxing sugary drinks to reduce health risks

Experts have called for taxing sugary drinks to protect public health as sugar consumption from soft drinks has become an alarming issue, especially among children.

Vietnam mulls land-use tax to prevent real estate waste

A proposed property tax law aims to stop idle land hoarding by making owners pay if land remains unused.

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period.

NA endorses 10% preferential tax rate for all press agencies

To affirm the Party and State’s commitment to supporting the press, the NA Standing Committee has adopted the government’s proposal to apply a uniform preferential corporate tax rate of 10% to all types of press.

Vietnam eyes continued support for farmers via extended land tax waiver

The Ministry of Finance seeks to extend the agricultural land use tax exemption to support farmers and promote sustainable agriculture.

Vietnam stock market surges on KRX launch and US tariff talks

The VN-Index jumps 3.3% as the new KRX system and trade negotiations boost investor confidence.

New tax rules for property sales could reshape Vietnam’s housing market

The Finance Ministry may tax property sales based on actual gains instead of flat rates.

Vietnam, US begin first tariff negotiations on May 7

Reporting to the National Assembly on the implementation of socio-economic plans in early 2025, Prime Minister Pham Minh Chinh announced that Vietnam and the United States will hold their first round of tariff negotiations on May 7.

Vietnam ready for US talks on solar tariffs

Vietnam has expressed its willingness to engage in discussions with the United States to address recent tariff issues concerning solar panels, calling for fair, objective consideration of all relevant information in line with international practices.

HDBank assesses minimal risk from U.S. tariff impact

Despite U.S. tariffs on Vietnamese exports, HDBank reports low exposure, with loans tied to U.S. trade accounting for under 1.5% of its total.

Tariff cuts welcomed but LNG needs policy reforms: experts

Experts stressed that a comprehensive, synchronised policy framework is needed to cover all LNG activities — from investment and infrastructure to pricing and regulation.

Tax cuts for imported cherries, apples, chicken thighs, vehicles effective today

Vietnam's new tax policy slashes import tariffs on various goods, including ethanol, LNG, and wood furniture, effective March 31.

Expert suggests cutting personal income tax to ease financial pressure

The current progressive personal income tax (PIT) list has seven brackets, with rates from 5 percent to 35 percent. Experts have suggested reducing it to five brackets, with the highest rate capped at 25 percent.

Vietnam cuts import taxes to balance US trade deficit

The Ministry of Finance proposes major tax reductions on goods like cars and agricultural products to enhance trade relations with the US.

Sharp tax hikes on alcohol and tobacco proposed to curb consumption

National Assembly delegates debate the effectiveness of gradual vs. one-time increases in special consumption taxes.

Vietnam considers delaying special consumption tax hike to support businesses

With alcohol taxes set to rise, businesses warn of financial strain and illicit trade risks. Should Vietnam delay the increase?

National Assembly Standing Committee approves 30% land rent reduction

The Vietnamese government has approved a 30% land rent reduction for 2024, benefiting nearly 30,000 businesses and individuals. The measure, estimated to cost $158 million, aims to support economic recovery amid ongoing challenges.

Ministry of Finance proposes tax exemption for orders under VND2 million

Organisations or individuals can only benefit from tax exemptions on purchases up to VNĐ96,000,000 per year.

Vietnam imposes travel bans on individuals with overdue tax debts of $2,000+

Vietnam’s new Decree 49 enforces exit bans on individuals and business owners with overdue tax debts of at least 50 million VND ($2,000) for over 120 days. Legal representatives of companies owing over 500 million VND ($20,000) are also affected.