The adjustment aims for greater flexibility, with the threshold to be raised to approximately VND1 billion ($38,000) to reflect economic realities, support household businesses, and ensure budget balance.
This is part of the Politburo's Resolution No. 57/2024 on science and technology development and digital transformation signed by General Secretary To Lam on December 22.
The domestic economy outlook has turned more positive as the recovery continues to firm up as the year progresses, which brings Vietnam back as ASEAN’s growth star, HSBC Global Research noted.