Banking & Finance
Total outstanding credit reaches $764bln in 6M
77% of total outstanding loans were directed toward production and business activities.
Vietnam Today
Vietnam PM urges JBIC to expand financial support for strategic projects
Prime Minister Le Minh Hung also called for JBIC’s support in enhancing Vietnam’s economic autonomy and resilience by promoting Japanese investment in strategic sectors such as semiconductors, artificial intelligence, batteries, new materials, critical minerals, and high-tech industries.
Banking & Finance
Vietnam, Singapore launch cross-border QR payment service
The new service links the payment infrastructures of Vietnam's National Payment Corporation (NAPAS) and Singapore-based Liquid Group.
New corporate income tax rates regulated
The rates will range between 15% and 50% under the latest corporate income tax law approved by the National Assembly.
Gold market must operates transparently
Vietnam’s gold market has been operated more efficiently since Decree No. 24 was issued in 2012.
Amended Law on Special Consumption Tax promulgated
Under the amended law, the tax rate for spirits (20% alcohol or higher) will rise from 65% in 2026 to 90% by 2031.
Finance ministry proposes extension of 50% environmental tax cut on fuels
The extension expected to last through 2026.
Tax and fee reduction and breaks total $3.67 bln in H1
Of the total, valued added tax (VAT), corporate income tax, personal income tax, and land rental fee extension was estimated at over VND51.3 trillion ($1.95 billion).
Draft decree regulating implementation of the Law on Corporate Income Tax submitted
The draft proposes to use total annual revenue as the primary criterion for determining eligibility for preferential tax rates of 15% and 17%.