Business

T revised Excise Tax Law which amends 11 articles, will take effect on January 1, 2026.

As of 2024, Vietnam recorded over 204.5 million bank accounts held by individual customers and 154.1 million bank cards in circulation.

The law, scheduled to take effect on January 1, 2026, is expected to promote national digital transformation process, paving the way for domestic tech enterprises to grow sustainably, integrate deeply into the global market, and contribute to establishing a new position for Viet Nam on the world stage.

Talk of double-digit economic growth in the years ahead must be backed by a break from the old models that have brought Vietnam to where it is today.

A provision that prohibits all State-owned enterprises from investing in real estate, with the exception of large-scale ones, awas deemed inconsistent with the Party’s policy on enhancing the operational efficiency of SOEs.

Under a new decree, Minister of Finance shall exercise the authority to give opinions and decide on the signing of bilateral and multilateral Advance Pricing Arrangements (APAs) involving foreign tax authorities.