Entries by ADCiptek

Strong industrial performance fuels economic momentum amid headwinds

The figure was revealed at a press meeting chaired by the National Statistics Department under the Ministry of Finance to announce Vietnam’s socioeconomic statistics for the second quarter and the first half of 2025 on July 5 in Hanoi. The fresh data shows that despite ongoing global economic challenges, the country’s industrial sector has maintained […]

PayNet, Alipay+ & Weixin Pay Unite in Malaysia

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 9 July 2025 – National payments network, Payments Network Malaysia Sdn Bhd (PayNet), has teamed up with top Asian payment platforms, Alipay+, and Weixin Pay (commonly known in Malaysia as “WeChat Pay”), to drive Chinese and regional tourist spending across Malaysia. As the summer travel season begins, […]

Arrow Electronics Launches Innovation Hub in India and SEA

BANGALORE, INDIA – Media OutReach Newswire – 9 July 2025 – Arrow Electronics, a global provider of technology solutions, today announced the launch of its new Engineering Solutions Center(ESC) in Bangalore, India. This expansion reinforces Arrow’s commitment to making critical technologies such as AIoT, edge computing, intelligent sensing more accessible, while strengthening the engineering capabilities […]

Tariff reprieve leads to positive Q2 for Vietnam

Source: UOB The Statistics Office under the Ministry of Finance on July 5 showed that Vietnam’s real GDP growth pace rebounded sharply to 7.96 per cent on-year in Q2, well ahead of Bloomberg estimates of 6.85 per cent and UOB’s calls of 6.1 per cent, and from a revised 7.05 per cent in Q1. In […]

Green era calls for policy consistency

At last week’s Green Industry Forum in Hanoi, Nguyen Ba Hung, chief economist at the Asian Development Bank (ADB) in Vietnam, said that many countries have already succeeded in pursuing economic growth while cutting emissions. “This affirms the feasibility of achieving both high growth and emissions reduction,” he said. “We are living in an era […]

2025 Enterprise Law Amendments: New Rules for Management, Bonds, and Transparency

The 2025 Amended Law on Enterprises, effective from 1 July 2025, includes key updates: public employees in scientific organizations can now contribute capital and manage enterprises; non-public joint stock companies face stricter bond issuance regulations; and enterprises must identify and report their beneficial owners to enhance financial transparency and anti-money laundering efforts.

Business Impacts of the 2025 Provincial Restructuring

ince 1 July 2025, Vietnam has officially operated under a new structure of provincial-level administrative units, following Resolution No. 202/2025/QH15 on the restructuring of provincial-level administrative units and the implementation of a two-tier local government model (provincial level and grassroots level).

Continuation of 2% VAT Reduction Until the End of 2026

In response to the significant negative impacts of U.S. tariff measures, global conflicts, and political instability on the Vietnamese economy, the National Assembly passed Resolution No. 204/2025/QH15 on 17 June 2025, extending support for businesses through a reduction of value-added tax (“VAT”).

Groundbreaking Reforms under the Law on Corporate Income Tax 2025

On June 14, 2025, Vietnam’s National Assembly passed the amended Law on Corporate Income Tax 2025, aimed at supporting SMEs and encouraging household businesses to formalize. The law introduces preferential tax rates of 15% for businesses with revenue under VND 3 billion, and 17% for those with revenue between VND 3 billion and VND 50 billion. It also offers a CIT exemption for businesses converted from household businesses with revenue under VND 50 billion, for two years. These reforms aim to boost SME growth and contribute to Vietnam’s economic development.

,

New Rules Every Household Business

Starting from 2025, household businesses in Vietnam will transition to a transparent tax declaration system, replacing the fixed tax method. From June 1, 2025, businesses with annual revenue over 1 billion VND must use electronic invoices and file taxes regularly. The fixed tax method will be abolished from January 1, 2026, and business owners will be required to participate in mandatory social insurance starting July 1, 2025.