PERSONAL ID NUMBERS TO REPLACE TAX CODES FROM JULY 1
Personal identification numbers (PINs) will be used in place of tax codes for individual taxpayers, including business households and individuals, starting July 1, according to guidance from the General Department of Taxation. Business households without a tax code before July 1 must register both business and tax information with the business registration authority.
VIETNAM TARGETS STRATEGIC FDI FOR INNOVATION AND LONG-TERM VALUE
Vietnam is reshaping its foreign direct investment strategy to prioritise high-quality, technology-driven, and sustainable projects, aiming to boost innovation, productivity, and national competitiveness in a changing global landscape. The Q&A session on June 19 of the ongoing 15th National Assembly (NA) Legislature centred on the effectiveness and future direction of foreign direct investment (FDI) attraction policies.
VIETNAM CHARTS SUSTAINABLE PATH TO GREEN GROWTH
Vietnam has seen one of the fastest per capita carbon emissions growth rates globally over the past three decades. To achieve its net-zero emissions goal, Vietnam must find ways to further reduce emissions while ensuring that energy remains affordable and its industrial sectors maintain competitiveness. Although Vietnam’s contribution to global greenhouse gas emissions is currently about 0.8% (equivalent to 355 million metric tons of CO2 in 2020), from 1990 to 2021, its CO2 emissions grew nearly three times faster than GDP growth.
VIETNAMESE START-UPS EYE GLOBAL MARKETS THROUGH STRATEGIC FRANCHISING
Franchising abroad is emerging as an effective strategy for businesses — especially start-ups — to rapidly scale up their operations, enhance brand recognition and open new channels to sell raw materials and services in international markets. While the opportunities are significant, experts said that success hinges on the internal capabilities and readiness of each business to capitalise on these prospects.
OUTSTANDING LOANS AT HCMC BANKS TOP VND4.1 QUADRILLION
Total outstanding loans in HCMC’s banking system amounted to VND4.1 trillion as of the end of May, up 3.89% compared to the end of 2024 and 13.64% year-on-year. Nguyen Duc Lenh, deputy director of the State Bank of Vietnam’s Region 2 Branch, credit growth in HCMC during the first five months of 2025 was positive, outpacing the same period in the past two years.
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INSURANCE COMPANIES ANTICIPATE GROWTH IN 2025
More than half of insurance companies expect the market to grow by 5-10 per cent this year, driven by the resonance of internal recovery and policy momentum, according to a survey by Vietnam Report. The information was updated by Vietnam Report JSC at the event announcing the Top 10 prestigious insurance companies this year.
BÌNH DƯƠNG MAINTAINS STRONG INDUSTRIAL GROWTH, EXPORTS UP NEARLY 14 PER CENT IN H1
Amid lingering uncertainties in the global economy, Bình Dương has sustained strong momentum in both industrial output and exports during the first half of 2025. The southern industrial hub recorded exports exceeding VNĐ452 trillion (US$18.4 billion), a 13.9 per cent increase year-on-year, reaffirming its status as one of Việt Nam’s most dynamic economic centres.
HUE SEES TOURIST ARRIVALS SOARING IN FIRST FIVE MONTHS
The central city of Hue attracted more than 2.7 million visitors in the first five months of 2025, up 67% year-on-year, according to local tourism authorities. International arrivals reached nearly 1.1 million during the period. Tourism revenue was estimated at more than VND5 trillion, up 55% year-on-year, Hue Ngay Nay Online news website reported.
