Under Resolution No. 204/2025/QH15 of the National Assembly, the 2% reduction in VAT is scheduled to take effect from July 1 and remain valid until December 31, 2026.
2% VAT reduction extends to end of 2026. (Photo published by VNA)
Hanoi (VNA) - Vietnam’s value-added tax (VAT) rate will be l🍒owered to 8% for a broad range of goods and services specified in Clause 3, Article 9 of the Law on VAT.
Under Resolution No. 204/2025/QH15 of the National Assembly, the 2% reduction in VAT is scheduled to take effect from July 1 and remain valid until December 31, 2026.
The reduction will not apply to sectors such as telecommunications, finance, banking, securities, insurance, real estate, metal products, mineral resources (excluding coal), and items subject to special consumption tax (excluding petrol)./.
The resolution on tuition exemption and support in the national education system was approved with 440 out of 441 deputies present voting in favour. It takes effect from the date of its adoption and will be applied starting from the 2025–2026 academic year.
The 15th National Assembly voted to pass the revised Law on Corporate Income Tax and the amended Excise Tax Law on June 14 morning, as part of its ongoing 9th session.
Vietnam’s tax sector reported state budget revenue of over 1 quadrillion VND in the first five months of 2025, equivalent to 58.5% of this year's estimate and representing a year-on-year increase of 28.6%
Unlike familiar fees such as discounts, shipping or advertising fees, the "platform infrastructure fee" is a new charge applied by Shopee across the system.
The circular, effective from July 1, regulates two entities authorised to issue C/O: the ministry’s Agency of Foreign Trade and organisations authorised by provincial and municipal People’s Committees.
The centre will be directly overseen by State agencies and tasked with verifying the validity of real estate projects, connecting public data sources and streamlining property transactions to ensure the market transparency.
A new trend has also emerged. While capital flow previously led the charge in boosting the retail sector, it is now the retail brands themselves that are reshaping the market. Expansion by fashion, cosmetics, furniture and F&B brands is setting the pace for sector growth and driving renewed investor interest.
The forum is a structured journey of dialogue, moving from local to national levels, from grassroots realities to policy formulation, from the voice of entrepreneurs to government commitments. Its outcomes will be compiled in the Vietnam Private Sector White Paper 2025, offering specific and actionable policy recommendations to the Government, ministries, and local authorities.
Both the IMF and OECD believe that with solid macroeconomic fundamentals, a clear reform agenda, and active involvement from the private sector, Vietnam is well-positioned to maintain stable growth and enhance its position in global value chains.
The BCI for the second quarter of 2025 recorded a slight dip to 61.1, reflecting heightened global uncertainty. However, the overall sentiment remains one of cautious optimism, with Vietnam still viewed as a resilient and promising investment destination.
Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing online business sector, which still faces gaps in data transparency and tax declaration compliance.
The National Data Development Fund has been established, operating as a non-budget state financial fund with an initial capital of 1 trillion VND (38.4 billion USD).
Games developed by Vietnamese teams recorded 9.6 billion downloads in 2024. In the first six months of 2025, this number already hit 5.2 billion downloads. Downloads for all of 2025 are expected to surpass 10.3 billion, a year-on-year growth of over 7.7%.
Vietravel Airlines has approved a plan to increase its charter capital to 2.6 trillion VND (99.6 million USD) in an effort to bolster financial capacity to expand its fleet and operations.
Prime Minister Pham Minh Chinh appreciated JBIC's support in policy dialogue, as well as its provision of numerous loans to promote Japanese investment in Vietnam through key infrastructure and energy projects.
Comprising members who work and conduct research at investment banks, asset management funds, fintech companies, and strategic financial consulting firms, Vietnam Finance and Investment Association in the United Kingdom is well-positioned to stay abreast of global trends, international standards, and effective operational models of the modern financial industry.
In recent years, fruit farmers have applied science and technology to cultivation in an effort to improve productivity, fruit quality, and income value.
Featuring over 150 Vietnamese products from fresh and processed fruits to beverages, sauces, noodles, and coffee the space aims to introduce Russian consumers to Vietnam’s diverse cuisine and cultural offerings.
Vietnam’s NetZero Pallet, which specialises in manufacturing and exporting storage and transport pallets from recycled agricultural waste, was one of two top winners of the 2025 Small Business Champions Competition, held by the World Trade Organisation (WTO).
Shopee holds the largest market share, commanding 65% of GMV (around 10.4 billion USD), followed by TikTok Shop at 28% (4.5 billion USD), Lazada at 6% (1 billion USD) and Tiki at 1% (nearly 200 million USD).
This year’s programme also encourages cashless transactions through QR codes and e-wallets, as in line with the national digital transformation strategy and smart city goals.
