Vietnam Ministry of Finance accelerates tax refunds to boost business capital

Vietnam's Ministry of Finance is accelerating tax refund processes to provide much-needed capital for businesses. As of September 30, 2026, the country has issued 14,668 VAT refund decisions totaling 149,463 billion VND, representing 86.4% of the annual 173,000 billion VND target. This marks a significant 46% increase compared to the same period in 2025.

Export-related tax refunds account for the majority of these funds, totaling approximately 125,000 billion VND, or 84% of the total. Other refunds include nearly 23,500 billion VND for investment projects. The Ministry is focusing on reforming procedures to resolve individual transactions more efficiently and is strengthening risk management to prevent fraud while ensuring budget safety.