The proposal to reduce tax payable by 30% in 2026 and 2027 is expected to help business households, individual businesspeople and small enterprises ease cash-flow pressure and gain additional resources to maintain and expand operations.

The Government has raised the tax-exempt revenue threshold for household businesses to 1 billion VND (38,000 USD) per year, from the current 500 million USD, to support small businesses, according to a newly-issued policy.