Banking & Finance

Hai Phong authorities are seeking approval for a package of incentives and support mechanisms aimed at accelerating the transition to eco-industrial parks, with total funding of nearly $5 million earmarked for the 2026-2030 period.

The tax reduction taking effective from November 1, 2026 to March 31, 2027 as part of measures to stabilize the market.

The value is equivalent to 79.1% of estimated 2025 GDP.

The push for early transactions must go hand in hand with full compliance with regulations on licensing, financial safety, foreign exchange management, anti-money laundering and investor protection.

Exports also expanded strongly in major markets such as China, the United States, the European Union, South Korea, and ASEAN countries.

The Ministry of Finance estimated that the policy would reduce budget revenue by approximately VND6,700 billion (more than $260 million) over two years.