Vietnam approves 30% tax cut for small businesses and households

tax reduction Vingroup BRG Group National Assembly business revenue

The National Assembly of Vietnam has approved a policy to reduce personal and corporate income taxes by 30% for the 2026-2027 fiscal years. This reduction applies to resident individuals and businesses with annual revenues not exceeding 10 billion VND. The resolution is set to take effect on August 24, 2026, and is expected to support small businesses and boost domestic consumption by improving cash flow and disposable income.

In terms of corporate contributions, Vingroup has set a new record, contributing 148,773 billion VND to the state budget in 2025, a 165% increase from 2024. This marks the first time a private company in Vietnam has exceeded 100 trillion VND in annual state budget contributions. Additionally, BRG Group ranked among the top contributors, providing nearly 13,200 billion VND to the national budget.

Separately, the Ministry of Finance is drafting regulations regarding fees for accessing the National Integrated Database. The proposed fee is 600 VND per data field, with a 50% reduction planned from the effective date until the end of 2028 to assist citizens and businesses.

Entities

BRG Group · FPT · Hoa Phat Group · Hoà Phát · Ministry of Finance · National Assembly of Vietnam · Nguyễn Công Long · Ngô Văn Tuấn · Pham Nhat Vuong · THACO · Techcombank · Tran Thanh Man

Claims

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

[● 2 SOURCES] Pham Nhat Vuong's wealth increased to 35 billion USD, ranking him 61st globally. cafebiz.vn
[● 8 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 · baoxaydung.vn · www.baocalitoday.com · +1 more
[● 5 SOURCES] Vingroup contributed 148,773 billion VND to the state budget in 2025, a 165% increase from 2024. mekongasean.vn · kenh14.vn · kevesko.vn
[● 2 SOURCES] 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 · kevesko.vn
[● 11 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 · baoxaydung.vn · www.baocalitoday.com · +4 more
[● 4 SOURCES] The resolution was passed with 480 out of 481 participating delegates in favor. baoquangninh.vn · nhandan.vn · www.baocalitoday.com
[● 11 SOURCES] The National Assembly approved a resolution to reduce personal and corporate income taxes. baoquangninh.vn · congnghevadoisong.vn · nhandan.vn · baoxaydung.vn · www.baocalitoday.com · +4 more
[● 5 SOURCES] The tax reduction policy covers approximately 99.86% of households and individuals and over 81.11% of businesses. congnghevadoisong.vn · www.baocalitoday.com · baoquangninh.vn
[● 2 SOURCES] The National Data Center will be the organization responsible for collecting the fees. thoibaonganhang.vn
[● 2 SOURCES] The proposed fee for accessing and using information in the National Integrated Database is 600 VND per data field. thoibaonganhang.vn
[● 2 SOURCES] A 50% fee reduction is proposed from the effective date until December 31, 2028, to support citizens and businesses. thoibaonganhang.vn
[● 2 SOURCES] The Ministry of Finance is drafting a circular to regulate fees for accessing and using information in the National Integrated Database. thoibaonganhang.vn