Banking & Finance

Newly established SMEs are exempt from income tax for the first 3 years; businesses transitioning from household businesses to corporate models are exempt for the first 2 years.

U2U Network, a Layer-1 blockchain platform developed by Vietnamese engineers, currently serves over 1.4 million users globally.

The goal for 2030 is to have 2 million active enterprises, with 50 state-owned enterprises to be included in the list of the top 500 largest enterprises in ASEAN, and 1 to 3 enterprises to be listed among the top 500 largest enterprises globally.

Industry is a strategic sector, with Vietnam striving to become a global hub for semiconductor and electronics technology.

Business households with annual large revenues, exceeding VND3 billion (nearly $114,000) for two consecutive years, will be subject to a personal income tax rate of 17%.

The figure equal to 51.1% of the State Treasury's annual target.