Fiscal, tax support policies continue in 2023: Deputy Minister
The Ministry of Finance (MoF) has suggested a series of solutions related to fiscal and tax policies in support of citizens and businesses this year, Deputy Minister of Finance Nguyen Duc Chi told a regular press conference of the Government in Hanoi on January 3.
At the press conference following the Government's meeting (Photo: VNA)
Hanoi (VNA) – The Ministry of Finance (MoF)has suggested a series of solutions related to fiscal and tax policies in support ofcitizens and businesses this year, Deputy Minister of Finance Nguyen Duc Chi tolda regular press conferen꧟ce of the Government in Hanoi on January 3.
Chi said fiscal and taxsupport policies have been put in place since the COVID-19 pandemic broke out. Last yearalone, value added tax was reduced from 10% to 8% for almost items. Tax paymentwas delayed to support liquidity and cash flow of businesses, land taxes werealso cut down while environment protection taxes on petrol products werebrought to the floor level. The total support package amountedto 233 trillion VND (10.1 billion USD) which was unprecedented, helpingbusinesses, citizens and the whole economy to improve their resilience, hesaid. According to the official, the MoF suggestedthe Government consider and decide on the delayed payment of several kinds oftaxes for businesses and people, as well as reduction of land lease costs. Basically, the suggested support policies aresimilar to those applied in 2022, except adjustments related to kinds of goodsand level of support. The Government is ready with other scenariosif support from fiscal policies is needed, Chi affirmed, adding that theGovernment will smoothly manage monetary and other macro policies to ensuremacro balance for stable economic development./.
Assistance from the unemployment insurance fund had been delivered to nearly 5.16 million workers affected by the COVID-19 pandemic as of October 25, the Vietnam Social Security (VSS) reported.
As some policies aiding the labour market’s recovery have been issued, both workers and businesses are hoping that those policies will be carried out as soon as possible.
The Ministry of Labour, Invalids and Social Affairs (MoLISA) has been tasked with coordinating with relevant ministries and agencies in collecting reports and recommendations of the Ministry of Planning and Investment (MoPI) related to evaluating the performance of the Government’s policy to support people affected by the COVID-19 pandemic.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
At the press conference following the Government's meeting (Photo: VNA) 
