Latest update from A.A.C.C.
07/04/25
Decree 70/2025/NĐ-CP
Decree 70/2025/NĐ-CP Key Updates Businesses Should Not Overlook On Invoices and Documents Effective from June 1, 2025! ✅ Streamlining procedures✅ Reducing administrative burden✅ Enhancing business flexibility On March 20, 2025, the Government issued Decree No. 70/2025/NĐ-CP, officially amending and supplementing key provisions of Decree 123/2020/NĐ-CP on invoices and documents. This is seen as a major [...]
Exemption of 3-Year Corporate Income Tax & Elimination of Business License Fee from 2026 – AACC
Exemption of 3-Year Corporate Income Tax & Elimination of Business License Fee from 2026 – AACC Learn how to leverage the 3-year corporate income tax (CIT) exemption and full elimination of business license fee (BLF) from 01/01/2026 for newly established sole proprietorships & SMEs. 1. Context & Importance On 17 May 2025, the National [...]
Key provisions of the Law on Tax Administration 2019 (Law No. 38/2019/QH14)
Key Provisions of the Law on Tax Administration 2019 (Law No. 38/2019/QH14) That Enterprises Should Take Note Of On June 13, 2019, the National Assembly officially passed the Law on Tax Administration No. 38/2019/QH14, which replaces the Law on Tax Administration 2006 and its previous amendments and supplements. The Law took effect on July 1, [...]
TEMPORARY EXIT DELAY 2025
On February 28, 2025, the Government issued Decree No. 49/2025/ND-CP, which regulates the threshold for tax debt amounts and the debt duration for applying the measure of temporary exit delay for individuals related to tax obligations. This Decree takes effect from February 28, 2025. Objective of the Decree Strengthen financial discipline and the responsibility [...]
Decree No. 82/2025/ND-CP: Extremely Preferential Tax and Land Rent Deferral Policy!
In the context of a gradually recovering economy, the Government officially issued Decree No. 82/2025/ND-CP on April 2, 2025 – a highly timely “financial relief” policy for enterprises, household businesses, and individual business owners. 1.Who is eligible for this policy? Extensive Incentive Policy Applicable to a Wide Range of Sectors: ✅ Manufacturing and Processing Industries: [...]
NEW VAT LAW 2024: WHAT HAS CHANGED COMPARED TO THE OLD LAW?
The 2024 VAT Law – No. 48/2024/QH15 was officially passed by the National Assembly on November 26, 2024, and will take effect from July 1, 2025. How does this new VAT Law compare to the current VAT Law No. 13/2008/QH12? What should businesses and individual entrepreneurs do to stay ahead of the changes? Let’s compare [...]
Decree 70/2025/NĐ-CP
Decree 70/2025/NĐ-CP Key Updates Businesses Should Not Overlook On Invoices and Documents Effective from June 1, 2025! ✅ Streamlining procedures✅ Reducing administrative burden✅ Enhancing business flexibility On March 20, 2025, the Government issued Decree No. 70/2025/NĐ-CP, officially amending and supplementing key provisions of Decree 123/2020/NĐ-CP on invoices and documents. This is seen as a major [...]
Vietnam’s Economy: A Look Back After Nearly 40 Years of Reform
Over nearly 40 years of economic reform, Vietnam has transitioned from a centrally planned economy to a market-oriented system while actively pursuing comprehensive and deep international integration alongside rapid industrialization and modernization. With a uniquely innovative approach developed and implemented by the Vietnamese people, the country has achieved historic milestones, as emphasized by General Secretary [...]
Vietnam’s Economy in 2023 and Prospects for 2024
TCCS – As 2023 came to an end, the global economy continued to face significant challenges, characterized by uncertainty and instability. While inflation moderated, it remained at high levels, prompting major economies to maintain tight monetary policies with high interest rates. Additionally, global trade, consumption, and investment weakened, while protectionism and trade defense measures increased, [...]
Vietnam’s Current Economy and Vision to 2030
(Front) – Over nearly 40 years of implementing the Đổi Mới (Renewal) process, Vietnam has achieved remarkable accomplishments. However, the current period presents numerous socio-economic challenges that need to be addressed. This article focuses on identifying and evaluating the existing issues during the implementation of Vietnam’s socio-economic development strategy for the 2020–2023 period and provides [...]
Vietnam’s Economy Flourishes
The GDP per capita increased by 377 USD. In 2024, despite facing numerous challenges both domestically and internationally, Vietnam’s economy has shown remarkable resilience and growth. The global economy went through significant uncertainty, and within the country, challenges included addressing long-standing internal issues and dealing with the unexpected consequences of Typhoon No. 3 (Yagi). However, [...]
Global Economic Trends and Policy Implications for Vietnam
The seminar “Vietnam Report 2045: Global Economic Trends and Policy Implications for Vietnam” aims to discuss in-depth the global economic and geopolitical context with the complex changes since the global financial crisis of 2008-2009, clarify the opportunities and challenges for Vietnam, and propose relevant adaptation strategies. Speaking at the seminar “Vietnam Report 2045: Global Economic [...]
Continuing to Improve the Institutional Framework and Policies in the Field of Finance
On the morning of February 7, the Ministry of Finance held a briefing conference to review the implementation of the work program for January 2025 and to plan the execution of tasks for the February 2025 work program. The conference was chaired by Minister Nguyễn Văn Thắng. Also attending the conference were Deputy Minister Cao [...]
In January 2025, the Long An Tax Department collected 16.4% of the budget estimate.
The representative of the Long An Tax Department stated that, in January 2025, the department collected 3,261.7 billion VND, reaching 16.4% of the estimated target. The Long An Tax Department has also intensified the dissemination of tax policies, especially new tax policies. The report on domestic revenue collection for January and the mission plan for [...]
The tax sector needs to focus on digital transformation and ensure sustainable revenue development in 2025.
At the 2024 Tax Sector Summary Conference and the implementation of tasks for 2025 organized by the General Department of Taxation, Minister of Finance Nguyễn Văn Thắng acknowledged and praised the achievements of the tax sector. He also urged the entire sector to continue to uphold its traditions and demonstrate determination to accomplish the highest [...]