At the National Assembly delegation group session on October 23, Prime Minister Lê Minh Hưng proposed exempting corporate and personal income tax for businesses providing meals to schools and hospitals, saying the revenue lost is small relative to the policy's benefits. The Ministry of Finance is still reviewing the exact figure. He stressed that tax incentives cannot replace food safety requirements, and providers must still fully comply with hygiene regulations. He also agreed that the proposed 0.2% tax on abandoned land needs further review to clarify its scope and avoid overlap with the Land Law, and that the revised Bidding Law should clarify its boundary with specialised laws, especially for medical procurement.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Thủ tướng Lê Minh Hưng: Miễn thuế suất ăn trường học, bệnh viện để nâng cao chất lượng phục vụ
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Personal income tax revenue expected to fall by nearly VND 34,000 billion this year
Personal income tax revenue this year is estimated at VND 203,200 billion, down VND 33,800 billion (14.3%) from the estimate and 13.6% from last year. The Ministry of Finance attributes this to a higher family deduction, the cut in progressive tax brackets from 7 to 5 under the amended law effective January 1, 2026, and the shift from monthly to quarterly filing. Environmental protection tax is also expected to fall short by about VND 26,200 billion, nearly 60% of the estimate, mainly because gasoline, diesel and jet fuel taxes were cut to zero from late March to stabilize domestic fuel prices. Total budget revenue is still estimated at nearly 3.06 million billion VND, about 21% above target, helped by land-use fees of about VND 640,300 billion. The government projects 2027 budget revenue of about 3.33 million billion VND, up more than 9%, a plan still under review by the National Assembly.
- National Assembly to Debate Amendments to 3 Tax Laws Today
On October 23, the second session of the National Assembly continued hearing reports, review reports and debates on several bills, including amendments to the Law on Corporate Income Tax, the Law on Non-Agricultural Land Use Tax and the Law on Personal Income Tax. In the morning, the Minister of Finance presented 5 bills: the consolidated Law on State Budget, the amended Law on Bidding, the amended and supplemented Law on Investment, the three tax law amendments, and the amended Law on Requisition and Purchase of Assets. The Minister of Justice presented the draft Law on Legislation and a report on implementing Resolution No. 206/2025/QH15 on special mechanisms to address difficulties caused by legal provisions. Committee chairs then presented review reports, and group discussions followed in the morning and afternoon.
- California's Proposition 40: What voters need to know about the billionaire wealth tax
Proposition 40 would authorize a one-time 5% wealth tax on California residents with a net worth above $1 billion, with the vote set for November 3. A September UC Berkeley IGS poll found 45% of likely voters backing it and 42% opposed, while a Mason-Dixon poll for NBC Universal and Telemundo showed a 10% Yes advantage. Prediction markets Kalshi and Polymarket put the odds of passage below 30%. Most revenue would fund state healthcare programs to offset cuts from the One Big Beautiful Bill Act; supporters estimate about $100 billion, while the Hoover Institution estimates $30 billion. Critics warn that billionaires could leave the state, and the nonpartisan fiscal advisor estimates a possible ongoing decrease of less than $1 billion per year in state income tax revenue from billionaires.
- ELDER: The childish lies of Medicare for all
Larry Elder argues that the Washington Post Editorial Board has repeatedly exposed Medicare for All promises by Democrats, including Michigan Senate candidate Abdul El-Sayed, as flat-out lies. He cites Post editorials on Britain's National Health Service, where 6.24 million patients were waiting for treatment in England as of October, and on California, where single-payer was estimated to cost $494 billion to $552 billion a year, compared with a proposed state budget of $349.4 billion. The column notes that roughly three-quarters of Medicare for All supporters believe billionaires could pay for it, but only 40% knew it would require raising taxes on most taxpayers. Elder says politicians make similar claims about green energy, expanded Social Security, free college and government-run childcare.
- Strengthen investigation and strict handling of transfer pricing and tax evasion
The Economic Police Department says it will step up investigations and work closely with tax, customs, banks and other agencies to detect and strictly handle transfer pricing and tax evasion. Offenders use overseas entities to inflate import prices, undervalue exports, book fictitious service, management, royalty or interest fees, and use barter, netting, fake contracts or crypto assets to hide money flows. In the case involving Việt Mỹ Medical Investment Joint Stock Company, criminal proceedings for “Smuggling; accounting violations causing serious consequences” began on July 24, 2026, with bribery charges added on September 2, 2026. As of October 1, 2026, 09 suspects faced charges on 03 offences, with preliminary state losses estimated at over 105 billion VND. Authorities say such conduct raises the prices of medical equipment and drugs, directly affecting patients.
- Expenses deductible when determining corporate income tax taxable income
The Cần Thơ Tax Department advised Ms. Dương Vy Thảo that monthly production allowances and production remuneration paid by a public non-business unit that partially self-funds recurrent expenses (group 3) to staff directly involved in production and to managers may be counted as deductible expenses when determining corporate income tax taxable income. Under Decree No. 320/2025/NĐ-CP, the expense must be actually incurred, supported by sufficient invoices and documents, and paid by non-cash means for transactions of 05 million VND or more. Salaries and allowances payable but not actually paid by the annual tax finalization filing deadline are not deductible, unless the enterprise has set up a salary reserve fund capped at 17% of the actual salary fund. The unit should review beneficiaries, payment levels, approval authority and documents, and align with the financial autonomy regime applicable to it.
Related markets
Latest news
- Next week, a bank closes its record date for a 50% dividend, the highest in the sector in 2026
Techcombank (TCB) has set October 30, 2026 as the final registration date for its stock dividend, at a 50% ratio: shareholders holding 100 shares will receive 50 new shares. This is the highest ratio in the banking sector in 2026, above HDBank and LPBank (30%) and VPBank (26%). The bank plans to issue more than 3.543 billion shares, worth over 35,431 billion VND at par value, funded by undistributed profit in its audited 2025 financial statements. Charter capital is expected to rise from 70,862.4 billion VND to about 106,293.6 billion VND, overtaking MB (100,687 billion VND) and VPBank (100,000 billion VND) as the largest in the system. If the planned ESOP issuance is also completed, charter capital could reach nearly 106,600 billion VND.
- Stocks making big moves this week: Braze, Amkor, Oceaneering, Arhaus, and Silgan Holdings
Braze (BRZE) jumped 51.2% on Tuesday after Salesforce agreed to acquire the company for about $5.66 billion in enterprise value. Amkor (AMKR) rose 7.1% on Wednesday after announcing a new $1.3 billion agreement with NVIDIA to expand capacity in South Korea, bringing its multi-year commitments across Arizona and South Korea to $3 billion. Oceaneering (OII) fell 17.5% on Thursday after reporting a 26% year-over-year decline in third-quarter 2026 net income attributable to the company. Arhaus (ARHS) rose 2.6% on Wednesday as investors kept bidding up shares after Piper Sandler analyst Peter Keith upgraded the stock from Neutral to Overweight and raised his price target to $13 from $9. Silgan Holdings (SLGN) gained 5.1% on Monday after agreeing to combine its metal packaging business with Trivium Packaging in a deal that delivers $2.3 billion in cash proceeds.
- International Business : Euro zone private sector growth slows
Euro zone private sector growth slowed in October to its weakest pace in four months, as energy-driven cost increases and a renewed contraction in France weighed on activity. The S&P Global flash Composite PMI Output Index fell to 51.9 from 53.1 in September, its lowest since June and below all forecasts in a Reuters poll that had predicted 52.7. Input costs rose sharply again, linked to higher energy, fuel and transport costs partly due to the Middle East war, and firms raised selling prices at a slower pace than in September. Higher interest rates are also beginning to dampen demand, and a Reuters poll expects the ECB to hold its deposit rate at 2.50% next week before raising it by 25 basis points in December. Business confidence fell to a five-month low, with France standing out for pessimism, as its PMI pointed to contraction and confidence hit its lowest since 2012 outside the pandemic period.
- Gold next evolution
The article argues that tokenization could give gold a larger role in the financial system, with the World Gold Council estimating it could unlock up to $700 billion in latent investment demand. This comes as U.S. real yields have climbed to their highest level in 19 years, raising the opportunity cost of holding gold, which does not generate income. Tokenized gold could let financial institutions use gold more efficiently as collateral, finance transactions, meet margin requirements and access liquidity without selling their holdings. The article notes challenges such as the need for trusted custodians, transparent ownership structures, reliable redemption mechanisms and common standards to avoid a fragmented market. It also stresses that tokenization would not remove gold's sensitivity to real yields or turn it into an income-producing asset.
- International Business : Tech selloff relents as oil prices hit five - month high
The global tech selloff eased after fears over the vast funding needs of AI hit Wall Street and triggered the biggest rally in US Treasuries in more than three years. Brent oil, however, hit a new five-month high of $115 a barrel after Houthi attacks on Saudi Arabia and reports that the US and Israel had drawn up plans for renewed strikes on Iran after the US midterm elections. European natural gas prices climbed another 4% and were almost 30% higher so far this month. The Nasdaq had tumbled 2.6% on Thursday, its biggest slump since June, while the Philadelphia SE Semiconductor Index plunged almost 7%. Japan's Nikkei ended its week down over 4%, while mainland China's CSI300 rose 1.7% after hitting its lowest level since July 2025.
- Wall Street doubts gold near - term strength , Main Street maintains bullish minority as central banks take center stage
Gold fell sharply over the week as rising oil prices, persistent inflation worries and expectations of further Federal Reserve tightening outweighed safe-haven demand. A technology-led equity selloff on Thursday triggered more liquidations and pushed spot gold back below $4,000 per ounce. Gold hit a weekly low of $3,975.10 per ounce, its lowest since early June, after trading at $4,164.69 on Sunday evening. The latest Kitco survey showed Wall Street pessimism rising while Main Street kept a more bullish minority view. Several analysts still see $4,000 as support, though others point to weak technical signals and thin liquidity, with daily volumes around 129,000 contracts.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.