This requirement is prescribed in Circular No. 40/2026/TT-NHNN prescribing the limits and prudential ratios in the operations of people's credit funds, issued on August 10, 2026.
Proposed higher tax on unused land expected to curb speculation, promote efficient land use
Proposed higher tax on unused land expected to curb speculation, promote efficient land use
A proposal to raise taxes on unused land could help prevent speculation, reduce waste and free up valuable resources for socio-economic development. However, questions remain over whether the proposed rate would be effective and how the policy could be fairly implemented.
Ministry proposes expanding English disclosure rules for securities sector
Ministry proposes expanding English disclosure rules for securities sector
Under the proposed plan, all affected entities must fully comply with the English-language disclosure requirement no later than January 1, 2028.
Hanoi offers cash incentive to boost birth rate
Hanoi offers cash incentive to boost birth rate
Hanoi's fertility rate has remained below the replacement level in recent years. The total fertility rate stood at 1.88 children per woman in 2023, 1.86 in 2024 and 1.87 in 2025.
Personal income tax incentives to be offered to AI experts and young talents
Personal income tax incentives to be offered to AI experts and young talents
Experts and young talents working in the fields of data, artificial intelligence (AI) and innovation will be entitled to personal income tax exemptions and other special incentives under a recently issued government decree.
Proposed exemption from tax procedure penalties for presumptive taxpayers
Proposed exemption from tax procedure penalties for presumptive taxpayers
Under a draft Government Resolution prepared by the Ministry of Finance, business households and individual businesses paying tax under the presumptive method would not be penalized for certain tax procedure violations.
List of used digital technology products prohibited from importation effective January 1, 2027
List of used digital technology products prohibited from importation effective January 1, 2027
On October 27, 2026, the Ministry of Science and Technology issued Circular No. 63/2026/TT-BKHCN promulgating the detailed List of Used Digital Technology Products Prohibited from Importation, together with their Harmonized System (HS) codes.
Five groups of public service culture standards for the tax sector effective October 26, 2026
Five groups of public service culture standards for the tax sector effective October 26, 2026
On October 26, 2026, the Tax Department issued Decision No. 1467/QD-CT promulgating the Regulation on Public Service Culture in the Tax Sector. The Regulation sets out five groups of public service culture standards for civil servants and employees in the tax sector to follow.
Official Dispatch No. 9736: Banks must reduce average deposit interest rates for terms of 6 months or longer by at least 0.5% per annum
Official Dispatch No. 9736: Banks must reduce average deposit interest rates for terms of 6 months or longer by at least 0.5% per annum
This requirement is set out in Official Dispatch No. 9736/NHNN-CSTT dated October 21, 2026, of the State Bank of Vietnam regarding the reduction of interest rates.
Government launches action plan to attract, utilise talent in key sectors
Government launches action plan to attract, utilise talent in key sectors
An open and flexible national talent criteria framework will be developed, comprising general standards and specific criteria tailored to different groups, sectors, fields and types of assignments.
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