Vietnam economic updates: Industrial growth, tax reforms, and gig worker rights

Vietnam is seeing diverse economic developments across various sectors. In Dong Thap, industrial production rose 12.58% in the first eight months of 2026, with significant investment increases in industrial zones. Meanwhile, tax authorities are addressing a surge in business dissolutions through a tax code cleaning campaign, though new business registrations remain high.

Proposed tax reforms by the Ministry of Finance aim to reduce personal and corporate income taxes by 30% for small-scale businesses and households to support cash flow. In Hue, tax revenue grew by over 12% in eight months, driven largely by foreign-invested enterprises.

In the gig economy, the ride-hailing platform BE disclosed its revenue sharing models, noting that drivers in Hanoi receive 63.6% of total payments, while those in Ho Chi Minh City receive 69.4%. Concurrently, ride-hailing drivers are advocating for legal recognition and mandatory social insurance, highlighting the lack of social security and stable income despite long working hours.