Understanding the Impact of Vietnam Tax Reform on Household Businesses The landscape for household and individual businesses in Vietnam is undergoing a significant transformation. Starting January 1, 2026, the country will officially replace its traditional presumptive taxation regime with a declaration-based system. This shift, which is part of a comprehensive Vietnam tax reform initiative, pivots [...]

7 HCM City Strategic Growth Sectors: A 2026-2030 Vision Following integration with neighboring regions, Ho Chi Minh City has evolved into a quintessential service economy. Currently, the service sector accounts for a substantial 60-65% of the city’s Gross Regional Domestic Product (GRDP). However, to maintain momentum, the government is pivoting toward HCM City strategic growth [...]

Hai Phong Specialized Economic Zone: A New Era of High-Tech Growth Consequently, following a period of strategic planning, Deputy Prime Minister Tran Hong Ha has officially signed a Prime Ministerial decision on establishing the Hai Phong Specialized Economic Zone (EZ) in the northern port city. This strategic move aims to transform the region into a [...]

ACCV Partners with Korean Companies to Advance Energy Storage Solutions in Vietnam Asia Clean Capital Vietnam (ACCV) has officially signed Memoranda of Understanding (MOUs) with Nosafood and Speed Vina to accelerate the development of energy storage solutions in Vietnam. This collaboration focuses on deploying Battery Energy Storage Systems (BESS). In particular, the project integrates these [...]

Vinh Loc Road Expansion: HCMC Pours $270M to Ease Congestion Years of gridlock at one of Ho Chi Minh City’s most congested western gateways could finally ease. The city has recently approved nearly VND7 trillion ($270 million) for the Vinh Loc Road expansion, a key artery serving multiple industrial zones. The Ho Chi Minh City [...]

Steel Industry Development Strategy: Vietnam Sets Bold Targets for 2050 Vietnam is poised to significantly transform its industrial landscape. Under Prime Ministerial Decision No. 261/QD-TTg, signed by Deputy Prime Minister Bui Thanh Son on February 9, a comprehensive steel industry development strategy through 2030, with a vision toward 2050, has been officially approved. This strategic [...]