In the wake of the US' fresh announcement of a 46% tariff on Vietnamese exports, Director of the Ministry of Industry and Trade (MoIT)’s Department of Foreign Market Development Ta Hoang Linh remains optimistic about the potential for negotiations to achieve a mutually beneficial outcome.

Vietnam’s electronic tax system has resumed full operations starting at 8am on March 17, after a temporary suspension for system upgrades and data restructuring, the tax authority announced.

VOV.VN - The current personal income tax deductions and progressive tax brackets are increasingly outdated amid rising living costs, increasing minimum wages, and fluctuating real incomes, all of which requires tax policy reforms to ensure fairness and encourage labour participation.

VOV.VN - Vietnam spent approximately US$378 million on importing 17,671 completely built-up (CBU) cars in February, up 44.5% in volume and 31.4% in value compared to January, with automobiles from Indonesia and Thailand dominating the local market.

The European Union will not impose tax or non-tax defensive measures on Vietnam after the country signed an international agreement to country-by-country reporting with partner countries and EU member states.

The Ministry of Finance (MoF) has recently proposed imposing property taxes on real estate transfers based on the length of time properties have been owned, but the Ministry of Justice (MoJ) said the idea is not feasible.

In a significant move to support businesses during challenging times, the Vietnamese government has extended and enhanced various tax relief programmes for 2025, with reductions and deferral measures aimed at stimulating economic growth.

The department of taxation of large enterprises under the General Department of Taxation (GDT) has recently announced that four foreign suppliers conducting business in Vietnam through e-commerce digital platforms have not yet complied with regulations on tax registration through the GDT’s e-portal.

From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under VND1 million(US$40) sent via express delivery, under a new government directive.

As many as 92,080 business establishments had registered to use e-invoices generated via cash registers by the end of 2024, rising 2.3-fold from the previous year, heard a recent conference reviewing finance and state budget affairs.