HCM City''s tax authority has set a target of collecting VNĐ800 trillion (US$30.8 billion) in domestic revenue in 2026, up 27.6 per cent from the Government assigned estimate and 29 per cent higher than the amount collected in 2025.
According to the Hà Nội Tax Department, information for 312,442 of the city''s 330,120 household businesses has been reviewed and standardised, covering 94.6 per cent of all registered businesses.
Statistics from the ministry showed that the total amount of taxes and land rents deferred reached VNĐ95.2 trillion (US$3.6 billion) in 2023, VNĐ83 trillion in 2024 and VNĐ114.8 trillion in 2025.
The General Department of Taxation said it has received and is studying proposals from business associations and experts to allow small household businesses with annual revenue below VNĐ5 billion (US$191,000) to continue paying taxes under the presumptive tax regime.
HCM City authorities underlined their commitment to creating a more transparent and business-friendly investment environment by addressing tax concerns raised by foreign enterprises.
Amid increasingly complex smuggling, trade fraud and illegal cross-border transport activities, the Department of Customs has strengthened inspections and issued warnings targeting high-risk commodities.
The Ministry of Finance has proposed a risk-based taxpayer classification system while reaffirming requirements for banks to share account information with tax authorities to strengthen compliance, transparency and tax administration.
According to the department, statistics show that more than 50 per cent of taxpayers classified as “not operating at registered addresses” currently owe less than VNĐ1 million.
The Ministry of Finance is seeking feedback on a draft circular to abolish 23 circulars and three decisions in the tax sector in order to harmonise with the current legal system.
Researching and gradually implementing tax management based on cash flow analysis is becoming an inevitable trend among many modern tax authorities around the world.
Việt Nam’s tax authority has launched a nationwide drive to clean up tax data, speed business closures and tackle inactive firms to improve transparency and efficiency.
