Happy Vietnam (VNA)

New laws expected to enhance efficiency in national resource management

Under the Law on Personal Income Tax, the family circumstance-based deduction for taxpayers is set at 15.5 million VND (nearly 590 USD) per month while the deduction for each dependent is 6.2 million VND per month.

Key economic policies taking effect in January 2026

A wide range of new economic policies and legal provisions will come into force in January 2026, covering taxation, advertising, land use, minimum wages, public finance, railways, technology transfer and statistics, among others.

Tax cuts poised to ignite Vietnam’s hybrid vehicle boom from 2026

Experts forecast that 2026-2030 will mark a period of strong growth for hybrid vehicles in Vietnam, a trend that will invigorate the automotive sector while supporting national objectives on emissions reduction, sustainable development and the broader transition to green mobility.

Ministry proposes increasing tax-free revenue threshold for household businesses to 500 million VND

The Ministry of Finance has proposed raising the annual revenue threshold for exemption of personal income tax for household businesses from 100 million VND (3,790 USD) currently to 500 million VND.