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Ministry proposes details of 30 per cent tax cut for households, businesses

Ministry proposes details of 30 per cent tax cut for households, businesses

The reduction is part of the effort to provide timely support to small-scale businesses and enterprises, which continue to face difficulties.
NA approves 30 per cent income tax cut for small businesses in 2026-27

NA approves 30 per cent income tax cut for small businesses in 2026-27

Individuals and businesses with annual revenue of no more than VNĐ10 billion (US$380,000) in 2026 and 2027 will be given a tax reduction of 30 per cent.
30 per cent income tax cut proposed for businesses, household businesses for two years

30 per cent income tax cut proposed for businesses, household businesses for two years

Thắng said the measure would initially reduce State revenue, but the lost revenue could be recovered in the longer term as household businesses and enterprises expand.
New tax rules shift business strategy

New tax rules shift business strategy

As tax policies change and tax administration becomes increasingly modern with greater application of digital technologies, businesses need to proactively new policies while standardising accounting books and supporting documents from within the enterprise.
Việt Nams upper-middle-income status marks new chapter, but tougher reforms lie ahead: World Bank

Việt Nam’s upper-middle-income status marks new chapter, but tougher reforms lie ahead: World Bank

Việt Nam’s new upper-middle-income status marks an important milestone in its development journey, but sustaining growth and achieving high-income status by 2045 will require stronger reforms, greater productivity and more innovation, according to the World Bank.
Hà Nội plans 146 new social housing projects

Hà Nội plans 146 new social housing projects

Thường Tín Commune tops the list with 10 projects, followed by Ô Diên Commune with seven projects and Phúc Thịnh Commune, Tây Phương Commune, Tây Tựu Ward and Đại Mỗ Ward with six projects each.
Hà Nội allows homeowners living over 20km from workplaces to access social housing

Hà Nội allows homeowners living over 20km from workplaces to access social housing

Hà Nội has allowed residents who already own homes to buy or lease-to-purchase social housing apartments if their current residence is more than 20km from their workplace.
Tax relief for household businesses takes centre stage in law debate

Tax relief for household businesses takes centre stage in law debate

Lawmakers back raising the tax-free threshold for household businesses to VNĐ1 billion, while calling for clearer rules, safeguards against abuse and greater policy transparency.
PM asks National Assembly to support raising tax exemption threshold for business households

PM asks National Assembly to support raising tax exemption threshold for business households

Under the draft law, the Ministry of Finance proposes that the tax exemption threshold for business households and individual businesses be raised to VNĐ1 billion per year from the current VNĐ500 million.
Expanding personal income tax exemptions to drive knowledge economy

Expanding personal income tax exemptions to drive knowledge economy

Việt Nam is seeking public feedback on a draft decree expanding personal income tax exemptions to spur innovation, attract talent and drive long-term economic transformation.
HCM City to develop 30,000 social housing units for workers

HCM City to develop 30,000 social housing units for workers

The HCM City Labour Federation has partnered with a private developer to build 30,000 social housing units for workers by 2030, in an effort to address the growing demand for affordable housing among low-income labourers in the city.
Finance Ministry clarifies new gold bar tax amid market concerns

Finance Ministry clarifies new gold bar tax amid market concerns

Finance Ministry defends new 0.1 per cent gold bar tax, says measure won''t harm savers but will curb speculation.
New SMEs to enjoy CIT exemption for three years

New SMEs to enjoy CIT exemption for three years

New small and medium-sized enterprises (SMEs) are exempted from corporate income tax (CIT) for their first three years of operation under a new Government decree which aims at promoting the development of the private sector.
Millions set to benefit from personal income tax reduction from 2026

Millions set to benefit from personal income tax reduction from 2026

Under the amended Law on Personnal Income Tax, the personal deduction will rise to VNĐ15.5 million (US$590) per month from VNĐ11 million at present. Taxpayers are also entitled to mandatory insurance deductions and contributions to charity and humanitarian funds.
Decree regulates corporate income tax incentives

Decree regulates corporate income tax incentives

A CIT rate of 15 per cent applies to enterprises with a total revenue in the preceding year of not more than VNĐ3 billion (US$114,000), while a CIT rate of 17 per cent applies to enterprises with a total revenue in the...