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Update news vietnam's tax policies
Vietnam implements a unified tax identification system beginning July 2025 to reduce risk and boost transparency.
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.
A proposed property tax law aims to stop idle land hoarding by making owners pay if land remains unused.
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.
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.
The Ministry of Finance seeks to extend the agricultural land use tax exemption to support farmers and promote sustainable agriculture.
The VN-Index jumps 3.3% as the new KRX system and trade negotiations boost investor confidence.
The Finance Ministry may tax property sales based on actual gains instead of flat rates.
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 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.
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.
Experts stressed that a comprehensive, synchronised policy framework is needed to cover all LNG activities — from investment and infrastructure to pricing and regulation.
Vietnam's new tax policy slashes import tariffs on various goods, including ethanol, LNG, and wood furniture, effective March 31.
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.
The Ministry of Finance proposes major tax reductions on goods like cars and agricultural products to enhance trade relations with the US.
National Assembly delegates debate the effectiveness of gradual vs. one-time increases in special consumption taxes.
With alcohol taxes set to rise, businesses warn of financial strain and illicit trade risks. Should Vietnam delay the increase?
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.
Organisations or individuals can only benefit from tax exemptions on purchases up to VNĐ96,000,000 per year.
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.