Video: Draft law on personal income tax raises tax threshold, adds new income types
The Ministry of Finance has submitted a draft personal income tax law with key changes. The tax threshold for income from prizes, copyrights, business transfers, inheritance, and gifts rise from 10 million to 20 million VND.
According to the Viet Nam Private Economy Report 2025, the country currently has around 6.1 million household businesses, creating jobs for approximately 10 million workers. Of these, more than 81.5% of surveyed households said their revenue declined in 2025, 73.7% earned only small profits, and nearly one quarter broke even or suffered losses.