HCMC – Vietnam has a national action plan in place to carry out recommendations from the Organization for Economic Co-operation and Development’s (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes after the European Union added the country to its list of non-cooperative tax jurisdictions.
At a press briefing on February 22, Pham Thu Hang, spokeswoman for the Ministry of Foreign Affairs, said Vietnam values cooperation with the OECD, particularly in ensuring transparency and effectiveness of the tax system to support a stable and open business environment for domestic and foreign investors, reported the Vietnam News Agency.
The EU on February 17 placed Vietnam on the list based on the OECD’s peer review of Vietnam’s tax information exchange framework for 2021–2023.
During the OECD peer review process, Vietnam amended and supplemented several legal documents, including the Law on Tax Administration, the Law on Enterprises, and Decree 168/2025/ND-CP on corporate governance, to improve compliance with international standards on tax transparency and information exchange, Hang said.
The Government is drafting and rolling out a national action plan to implement the Global Forum’s recommendations. Tax cooperation with partners, including the EU, is being strengthened.
Vietnam expressed readiness to work closely with the European Council and EU member states to share updates on legal and policy reforms, aiming for objective and comprehensive assessments.
Vietnam and the EU upgraded ties to a Comprehensive Strategic Partnership in late January during a visit by European Council President Antonio Costa, making Vietnam the first ASEAN country to reach that level of relations with the bloc.
