The Ministry of Finance has issued Decision No. 3151/QĐ-BTC on the 2026-2030 tax system reform plan, aimed at aligning tax policies with international good practice and meeting resource needs for the 2021-2030 socio-economic development strategy. By 2030, the target is to mobilize at least 18% of GDP into the state budget, striving for 20%, with tax and fee revenue at about 14-15% of GDP and domestic revenue targeted at about 87-88% of total state budget revenue. Measures include widening the tax base to cover the digital economy, e-commerce, cross-border transactions and digital assets, narrowing exemptions and reductions that are no longer suitable, and revising key laws on VAT, corporate income tax, special consumption tax and personal income tax. The plan also aims to simplify tax rules and enhance the transparency and fairness of the tax system.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chiến lược cải cách thuế 2026-2030
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 11/03/2026 | 1,699.62 |
| Change that session | -0.65% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Electricity price cut and fuel tax reduction help curb inflation pressure at year-end
From November 1, 2026, the average retail electricity price drops 2% and the special consumption tax on petroleum is cut to 0%, which could lower fuel prices by about 1,500–1,700 VND per liter. Nguyen Tien Thoa, chairman of the Vietnam Valuation Association, says both measures will ease costs for businesses, with steel production costs down about 0.12%, cement about 0.3%, and textiles about 0.2%, while helping lower CPI and household spending. CPI in the first nine months of 2026 reached 4.52%, slightly above target, and year-end demand, credit growth, energy prices and the USD exchange rate remain inflation risks. He says keeping CPI within 4.5–5% would be a successful outcome. Ngo Tri Long of the Vietnam Financial Consulting Association agrees, saying the cuts help consumers and businesses and support both growth and inflation control.
- Considering electricity price cuts and a special consumption tax cut on gasoline from 01/11/2026
On 27/10/2026, Deputy Prime Minister Nguyễn Văn Thắng chaired a meeting on gasoline and electricity price management scenarios, attended by the Ministries of Finance and Industry and Trade, the Government Office, and the CEO of EVN. The Deputy PM directed EVN to review and cut costs to propose a reduction in the average retail electricity price, applicable from 01/11/2026 to 31/03/2027, with the Ministry of Industry and Trade to provide its opinion. The Ministry of Finance was tasked with reviewing a proposal to cut the special consumption tax on all gasoline types to 0% over the same period, with a report to the competent authority due before 01/11/2026.
- Deputy PM: Economy growing fast but management pressures mounting
Vietnam's GDP grew 9.01% in the first nine months, but Deputy Prime Minister Pham Gia Tuc warned of mounting policy pressures and said Q4 growth must reach 12.5% to meet the full-year target while keeping inflation around 4.5%. 24 of 34 provinces posted nine-month growth below their full-year targets, with Hanoi needing 16.55% in Q4 and Ho Chi Minh City 13.23%. Other points include a trade deficit of 19.42 billion USD over nine months, average CPI up 4.52%, and public investment disbursement at 62.9% of plan. For 2027, the government targets GDP growth of 10% or more, with budget revenue rising about 9.1%, and savings of 5% of public investment and 10% of regular spending to fund priority projects and social security.
- Targeting GDP growth of 10% or more in 2027, with substantive change in implementation
2027 is set as a year of acceleration, targeting GDP growth of 10% or more while maintaining macroeconomic stability and controlling inflation. At a nationwide conference on October 16, Standing Deputy Prime Minister Phạm Gia Túc reported 9-month GDP growth of 9.01%, full-year state budget revenue estimated to exceed the estimate by 20.8%, and a full-year budget deficit of about 4.1% of GDP. The government has issued 32 action programs and cut 53% of administrative procedure time and 55% of compliance costs. Average CPI for the first nine months rose 4.52% year on year, and implementation was identified as the weakest link that still needs to be addressed.
- What do businesses need to note to qualify for a 30% income tax cut?
Decree 398/2026/NĐ-CP sets out details of National Assembly Resolution 43/2026/QH16: businesses with annual revenue of no more than 10 billion VND in 2026 and 2027 can cut 30% of the corporate income tax (CIT) they must pay. Revenue for eligibility includes financial income and other income, plus revenue of dependent units and business locations; a business formed from a split after the resolution took effect cannot claim the cut if the total revenue of the post-split businesses exceeds 10 billion VND. Businesses already enjoying other tax incentives get the cut calculated on tax payable after those incentives are deducted. Businesses expecting revenue of no more than 10 billion VND can self-determine the reduction when making quarterly provisional CIT payments, but if actual revenue exceeds the threshold, they cannot claim it and must declare and pay in full. Individual business owners with revenue of no more than 10 billion VND can similarly cut 30% of personal income tax (PIT) in 2026 and 2027, declaring via Form No. 01 and paying the difference if revenue exceeds the threshold.
Related markets
Latest news
- How much does Doji 9999 gold cost per tael today, November 4, 2026?
As of 7 a.m. on November 4, 2026, Doji listed SJC gold bars at 13.76 to 14.06 million VND per tael (buy-sell), down 60,000 VND per tael on both sides from the previous morning. Doji's Hưng Thịnh Vượng 9999 round gold rings traded at 13.55 to 13.95 million VND per tael (buy-sell). The article notes that the prices are for reference only and may change during the day.
- THE KOREA INDUSTRY DAILY: ROBOTWORLD 2026 to Spotlight Physical AI and AI-Driven Manufacturing With 402 Exhibitors From 17 Countries
ROBOTWORLD 2026 runs November 4 to 7 at KINTEX in Goyang, South Korea, with 402 companies from 17 countries across 1,198 booths, focusing on Physical AI and AI-driven manufacturing. The accompanying conference features 36 sessions on November 4 and 5 covering manufacturing, humanoid robots and mobility. According to the International Federation of Robotics, global industrial robot installations hit a record 603,307 units in 2025, up 11%, with Asia accounting for 76% (457,315 units). Korean firms Rainbow Robotics, Neuromeka and Samhyun will show humanoid robots, control technology and an autonomous transport robot with payloads of up to 3 metric tons. Business programs include export matchmaking on November 4 to 6, a market-entry seminar on November 5 and Global Scale-up Day on November 6 for SMEs and startups.
- Should You Buy Alphabet Stock After Anthropic Raised Its Google Commitment to $121 Billion?
Anthropic updated its IPO filing on Nov. 2, adding third-quarter results. As of Sept. 30, it held $95.6 billion in cash and equivalents and $36.3 billion in short-term investments, while its purchase commitments and leases totaled about $895.4 billion, mostly for compute and infrastructure. It committed to spend at least $121.3 billion with Google from April 2026 through July 2033 regardless of usage, up from about $114.5 billion in the previous filing, which equals around 22% of Google Cloud's backlog. Anthropic has $69.8 billion of commitments due in the next 12 months, which its cash and investments cover almost twice, while its third-quarter revenue reached about $17.0 billion against an operating loss of $567 million. The author sees the next few years of the Google commitment as solid revenue, treats later years as a bet on Anthropic's growth, and thinks Alphabet stock is still worth a look at its current price.
- Global Gold Prices Fall Again
Gold extended its losses on Nov. 3 after a brief rebound, as a stronger US dollar and rising Treasury yields weighed on the metal while investors awaited US midterm election results. Spot gold fell 0.5% to $3,927.49 an ounce after dipping as low as $3,893.31 during the session, and US December gold futures slipped 0.8% to $3,936.80. Oil prices dropped about 2% to a three-week low as markets weighed prospects for ending the conflicts in Ukraine and Iran. Analysts said a decisive Democratic win in both chambers could pressure the dollar and support gold, while CME FedWatch showed the probability of a Fed rate hike in December at 73%, down from 76% earlier that day. The World Gold Council cut its 2026 gold investment demand forecast to 200 tonnes from 400 tonnes but raised its forecast for central bank purchases, after central banks net bought 321 tonnes in the three months to the end of September.
- Gold holds near $3,930 as Iran talks, U.S. midterms shape outlook
Spot gold slipped marginally to $3,927.87 an ounce on Tuesday, holding near $3,930 as investors watched renewed U.S.-Iran diplomacy and awaited U.S. midterm election results. Silver fell 0.4% to $49.5750 an ounce, platinum rose 0.2% to $1,421.51, spot palladium gained 0.1% to $937.60, and the dollar index dropped 0.2% to 101.70. Oil traded within a range of around $5 a barrel as Washington and Tehran reviewed new proposals from mediators, following limited U.S. airstrikes on Iran's Qeshm Island the night before. The article notes gold fell almost 7% last month and is down around 25% since the conflict erupted in late February, as accelerating inflation prompted tighter monetary policy.
- Sensata : 3 Key Takeaways for Long - Term Investors
In its third-quarter 2026 earnings call on October 27, 2026, Sensata reported 7% year-over-year organic revenue growth and said it is using rising free cash flow to pay down debt. Net debt fell from US$2.6 billion at year-end 2024 to US$1.9 billion by September 2026. Its data center power and liquid cooling products generated US$27 million of revenue in 2025 and are expected to reach US$48 million in 2026, 76% growth. Management said new custom motor and aerospace wins, such as those for drones, reached a record, doubling last year's pace. Automotive margins are expanding despite softer vehicle production in China.
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.