Vietnam approves 30% tax cuts for small businesses and households

tax reduction Vietnam National Assembly Vingroup corporate income tax personal income tax

The National Assembly of Vietnam has officially approved a resolution to implement a 30% reduction in personal and corporate income taxes for the 2026 and 2027 tax years. This policy targets resident individuals with annual business revenue not exceeding 10 billion VND, as well as domestic enterprises and organizations within the same revenue threshold. The measure, supported by 480 out of 481 delegates, aims to support small and micro-scale businesses and households that are highly vulnerable to economic fluctuations. According to Minister of Finance Ngo Van Tuan, the threshold covers approximately 99.86% of business households and over 81.11% of all enterprises.

In separate economic news, Vingroup has set a new record for state budget contributions, submitting 148,773 billion VND in 2025, a 165% increase from the previous year. This achievement reflects the rapid growth of the Vingroup ecosystem, including VinFast, which continues to lead the electric vehicle market in Vietnam. Consequently, Vingroup Chairman Pham Nhat Vuong has seen his wealth rise to 35 billion USD, ranking him 61st globally. Additionally, reports indicate that the top 100 private enterprises in Vietnam contributed 390,700 billion VND to the national budget in 2025, representing roughly 14.7% of the total national revenue.

Entities

FPT · Hoà Phát · National Assembly of Vietnam · Nguyễn Công Long · Ngô Văn Tuấn · Pham Nhat Vuong · THACO · Techcombank · Tran Thanh Man · Vietnam · VinFast · Vingroup

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Pham Nhat Vuong's wealth increased to 35 billion USD, ranking him 61st globally. cafebiz.vn
[● 6 SOURCES] Corporate income tax for the 2026 and 2027 tax years will be reduced by 30% for businesses with annual revenue not exceeding 10 billion VND. baoquangninh.vn · congnghevadoisong.vn · nhandan.vn · thoibaotaichinhvietnam.vn · baoxaydung.vn · +1 more
[● 2 SOURCES] Vingroup contributed 148,773 billion VND to the state budget in 2025, a 165% increase from 2024. thoibaonganhang.vn · baochinhphu.vn
[○ 1 SOURCE] The top 100 private enterprises contributed 390,700 billion VND to the national budget in 2025, accounting for 14.7% of total revenue. genk.vn
[● 6 SOURCES] Personal income tax for the 2026 and 2027 tax years will be reduced by 30% for resident individuals with annual business revenue not exceeding 10 billion VND. baoquangninh.vn · congnghevadoisong.vn · nhandan.vn · thoibaotaichinhvietnam.vn · baoxaydung.vn · +1 more
[● 4 SOURCES] The resolution was passed with 480 out of 481 participating delegates in favor. baoquangninh.vn · nhandan.vn · www.baocalitoday.com · vtv.vn
[● 6 SOURCES] The National Assembly approved a resolution to reduce personal and corporate income taxes. baoquangninh.vn · congnghevadoisong.vn · nhandan.vn · thoibaotaichinhvietnam.vn · baoxaydung.vn · +1 more
[● 3 SOURCES] The tax reduction policy covers approximately 99.86% of households and individuals and over 81.11% of businesses. congnghevadoisong.vn · thoibaotaichinhvietnam.vn · vtv.vn