HCMC – The Government will issue a decree next week to raise the taxable revenue threshold for household businesses and individuals from VND500 million to VND1 billion per year, Prime Minister Le Minh Hung said.
The measure is intended to support small businesses and individual traders facing market volatility. The Government has been reviewing tax-related laws and preparing adjustments for submission to the National Assembly.
The Prime Minister disclosed the plan on April 28 at a voter meeting in Haiphong City, following the first sitting of the 16th National Assembly.
He also noted that authorities in April moved to cut unnecessary administrative procedures and business conditions to improve the investment environment and lower costs for enterprises.
Measures have been taken to stabilize energy supply and prices, including electricity and fuel, to limit impacts on production costs and consumer prices.
Macroeconomic conditions remained stable in the first four months of 2026, with first-quarter GDP growth at 7.83% and average inflation at 3.51%, according to the prime minister.
State budget revenue reached VND829.4 trillion, up 11.4% year-on-year. Disbursed foreign direct investment totaled US$5.4 billion, up 9.1%, while trade revenue was estimated at US$249.5 billion, up 23%.
The Government plans to review one year of operating a two-tier local government model in June, focusing on addressing bottlenecks and strengthening decentralization.
The Ministry of Agriculture and Environment has been tasked with proposing amendments to the Land Law in 2026 and completing land-use planning adjustments and national land database digitization by the second quarter of 2026.
