As Vietnam aggressively pushes for tax reform and digitalization, the amended Value-Added Tax (VAT) Law (effective from July 1, 2025) and Decree 70/2025/ND-CP on electronic invoices (effective from June 1, 2025) have opened a new chapter full of prospects for households and small and medium-sized enterprises (SMEs). These changes aim not only for transparency in business operations and compliance with international standards but also to enable businesses to optimize their financial management, take advantage of new tax incentives, and enhance their competitiveness in the market. Notably, the implementation of electronic invoices under Decree 70/2025/ND-CP will reduce administrative procedures and support businesses and households in digitizing their processes, saving costs, and improving operational efficiency.
In addition, Resolution 68-NQ/TW of the Political Bureau, issued on May 4, 2025, marked a significant turning point in affirming the pivotal role of the private economic sector in the country’s socio-economic development. This resolution not only emphasizes the importance of the private sector as a key driver of sustainable economic growth but also introduces a series of breakthrough policies to create a fair, transparent, and favorable business environment.
Specifically, Resolution 68 encourages innovation, supports access to preferential loans, develops high-quality human resources, and promotes the application of technology in management and production. At the same time, the resolution aims to enhance the competitiveness of private enterprises, especially SMEs, by improving the legal environment, reducing administrative barriers, and promoting public-private partnerships. These directions provide strong motivation for businesses and open a “golden opportunity” for the private sector to make a breakthrough, contributing significantly to the goal of Vietnam becoming a high-income country by 2030.
With the desire to accompany the business community, especially SMEs, in adapting and quickly seizing the opportunities arising from these new policies, the International Bank (VIB) in collaboration with CafeF, organizes a series of talk shows titled “Elevating Vietnamese Enterprises”. The program is regularly broadcast weekly on CafeF’s ecosystem and VIB’s official fanpage, delivering practical and updated content.
With the participation of leading experts in the fields of taxation, finance, banking, and digitalization, the talk show series will offer a comprehensive perspective on the new regulations, answer questions related to the amended VAT Law and electronic invoices, and share optimal financial solutions to help businesses take full advantage of the government and banking sector support policies.
Going beyond providing information, the talk shows will also offer practical recommendations to help households and SMEs build sustainable business strategies, enhance their governance capabilities, and confidently integrate into the digital economy. Through this talk show series, VIB and CafeF aim to become a bridge of information, offering practical solutions, thereby contributing to motivating the private sector, especially households and SMEs, to confidently step into the new era and create a dynamic, innovative, and sustainably developing Vietnamese business community.
With the tax regulations coming into effect in June and July attracting the attention of millions of SMEs and households nationwide, the first episode of the talk show series will focus on the theme “Tax Changes: What Should Households and SMEs Do to Adapt?”
The first talk show will be broadcast on June 26, 2025, on the CafeF ecosystem and VIB’s fanpage, featuring two guests:
– Prof. Dr. Le Xuan Truong – Head of the Tax and Customs Department, Academy of Finance, Tax Consultant
– Ms. Tuong Nguyen – Deputy General Director, VIB
The guests will focus on sharing important changes in taxation, assessing their impacts on households and SMEs, and providing practical solutions and useful recommendations to help businesses confidently overcome challenges and seize opportunities in the new context.
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The talk show series “Elevating Vietnamese Enterprises” – a content project in collaboration between CafeF and VIB, will premiere its first episode on Thursday, June 26, on the CafeF ecosystem and the International Bank (VIB)’s platform. Each talk show, featuring experts from various fields and bank representatives, will offer insightful perspectives and practical solutions to help Households and SMEs maximize their potential and discover effective tips to elevate Vietnamese enterprises on their journey to robust development! Stay tuned for the “Elevating Vietnamese Enterprises” talk show series here. |
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