Finance Minister Ngo Van Tuan said he has directed that businesses be dissolved within 12 hours once they have cleared their tax obligations, following comments on the draft Law on Development of Small and Medium-sized Enterprises. He said the EU added Vietnam to its tax blacklist in early 2026, then moved it to the grey list, and will conduct a review in Q1 2028 to decide whether to remove it from the list of non-cooperative jurisdictions. About 2.8 million tax codes are in status 03 or 06, with over 2 million remaining to be cleaned up through special policies. The Ministry of Finance proposes writing off licence-tax arrears and late-payment penalties up to the end of 2025 and cutting late-filing penalties by 30-70%. Deputy Nguyen Hai Long cited nearly 292,000 businesses that have ceased operating but not completed dissolution and proposed an automatic termination mechanism.
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Original headline: Bộ trưởng Tài chính: Doanh nghiệp sạch nợ thuế được xử lý giải thể trong 12 giờ
Read the original on VnExpress ↗
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| Market | Vietnam stocks |
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| Change that session | -0.62% |
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