According to the Ministry of Industry and Trade, the policy aims to reduce mineral gasoline consumption by 10 per cent to protect the environment, while cutting dependence on imported fuel and save about US$800 million per year.
Under Decree No. 141/2026/NĐ-CP, the household businesses with annual revenue of VNĐ1 billion or less will not have to pay personal income tax and value-added tax.
The initiative is seen as a strategic move to support the private sector in increasing its international presence in a more comprehensive, effective and sustainable manner.
Speaking at the New Japan–Malaysia Industrial Cooperation Seminar, Nazir Razak, Chairman of the ASEAN Business Advisory Council (ASEAN-BAC) Malaysia, acknowledged growing competition from regional economies such as Việt Nam, which benefits from political stability, an abundant labour force, and a...
