Vietnam Calls for Proposals on Tax Policies Expiring in 2027
In a November 6 government resolution, Prime Minister Lê Minh Hưng called on the Ministry of Finance to propose plans for tax policies expiring on January 1, 2027, and continue applicable tax and fee relief and deferrals. The ministry must also monitor prices and accelerate public investment disbursement to meet the 2026 plan.
On November 6, the Vietnamese government issued Resolution No. 353/NQ-CP on its regular October 2026 meeting. Prime Minister Lê Minh Hưng asked the Ministry of Finance to study and propose plans for tax policies expiring on January 1, 2027, while continuing to implement applicable tax, fee and charge reductions, exemptions and deferrals effectively.
The Ministry of Finance must also closely monitor market prices, update inflation scenarios promptly and propose price management measures. It must review the procedures for compiling, estimating and publishing import, export and trade balance data to ensure consistency in reports submitted to the government.
On public investment, the ministry must continue scoring fund disbursement performance and urge ministries and local authorities to allocate and disburse public investment funds, official development assistance and foreign concessional loans, focusing on agencies and projects with disbursement rates below the national average. The government called for efforts to complete the 2026 disbursement plan and, in accordance with regulations, consider withdrawing medium-term public investment allocations from projects that had not completed investment procedures after October 31, 2026, except for nationally important projects.
Earlier, the Vietnamese government issued Decree No. 398 to implement the personal and corporate income tax reductions under National Assembly Resolution No. 43/2026. The decree took effect on October 29, 2026, and applies to the 2026 and 2027 tax years. Eligible resident individual business operators and household businesses with annual production and business revenue of no more than VND 10 billion may receive a 30% reduction in personal income tax payable; the reduction applies to the tax due, not to revenue.
Source: VietVance
