Banking & Finance

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.

Discussions focused on finalizing transitional mechanisms for restructuring support funds, clarifying criteria for determining enterprise scale, and overhauling policy implementation frameworks to improve business access and uptake.

Domestic prices still higher than global levels, with a gap of about VND14.86 million ($565) per tael.

Debt levels vary considerably, reflecting differences in borrowing requirements, economic conditions and public finances.

The Ministry of Finance has submitted a draft resolution to the Government proposing special mechanisms to resolve tax compliance bottlenecks, including a 30 to 70 percent reduction in late filing penalties and the cancellation of late payment interest for inactive taxpayers through June 30, 2028.