Vietnam Finance Ministry proposes 125 trillion VND tax deadline extension to aid businesses

The Ministry of Finance is drafting a decree to extend payment deadlines for value‑added tax, corporate income tax, personal income tax and land‑rental fees for 2026, potentially covering up to 125 trillion VND in taxes and rent. Officials say the measure is intended to ease cash‑flow pressures on small and medium‑sized enterprises, allowing them to retain funds for wages, raw materials and investment. Experts such as VINASME vice‑president Tô Hoài Nam and university economist Nguyễn Quang Huy stress that the policy improves liquidity and signals government support, but call for streamlined procedures and transparent targeting.

In parallel, the Finance Ministry is reviewing tax incentives for the bio‑fuel E10 programme. Proposed changes include lowering the import duty on ethanol used for blending from 10 % to 5 %, maintaining a special consumption tax of 7 % on E10 (vs 10 % on conventional gasoline) and applying environmental tax only to the fossil component of the fuel. These steps are expected to keep retail E10 prices near 21,000 VND per litre. Industry leaders warn that long‑term stability of tax benefits is essential for sustained investment in clean fuel production.