logo
HOME
WHO WE ARE
dropdown
Why VietnamOUR SERVICESNews & InsightsGet in touch
search
chevrons

Back to Previous Page

Vietnam Plans Tax Breaks, Land Fee Cuts for Virus-Hit Firms

Vietnam Plans Tax Breaks, Land Fee Cuts for Virus-Hit Firms

Vietnam plans to assist companies struggling amid the novel coronavirus outbreak with tax breaks, delayed tax payments and reductions in land lease fees, Prime Minister Nguyen Xuan Phuc told ministers attending his cabinet meeting today.

The assistance package will cost the government about 27 trillion dong ($1.16 billion), Phuc said during the meeting, broadcast on state television. The government also aims to speed up state spending on infrastructure projects, he said.

The government, which is targeting 2020 economic growth of 6.8%, has warned expansion is at risk of slowing to 5.96% this year if the disruption of the virus continues into the second quarter.

Featured image credit: thanhnien.vn

Source: Bloomberg

NEWS
4 March, 2020
Share On:
Related News & Insights
Find out more navigation_button
news
๐•๐ข๐ž๐ญ๐ง๐š๐ฆโ€™๐ฌ ๐ง๐ž๐ฐ ๐ ๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐ก๐š๐ฌ ๐›๐ž๐ž๐ง ๐ข๐ง ๐ฉ๐ฅ๐š๐œ๐ž ๐Ÿ๐จ๐ซ ๐จ๐ง๐ฅ๐ฒ ๐š ๐Ÿ๐ž๐ฐ ๐ฐ๐ž๐ž๐ค๐ฌ, ๐›๐ฎ๐ญ ๐ญ๐ก๐ž ๐ฉ๐š๐œ๐ž ๐จ๐Ÿ ๐ž๐œ๐จ๐ง๐จ๐ฆ๐ข๐œ ๐๐ข๐ฉ๐ฅ๐จ๐ฆ๐š๐œ๐ฒ ๐ข๐ฌ ๐š๐ฅ๐ซ๐ž๐š๐๐ฒ ๐ฉ๐ข๐œ๐ค๐ข๐ง๐  ๐ฎ๐ฉ
NEWS
April 23, 2026

A series of high-level engagements, all within a short span, points to a clear focus: deepening partnerships with key FDI contributors to support the next phase of growth. First, To Lam visited China, where he and the Vietnamese delegation personally experienced high-speed rail travel across provincesโ€”a subtle but telling signal of priorities. The visit also […]

Read Newsarrow
news
Vietnam โ€“ Adidasโ€™s Largest Sourcing Base
NEWS
April 20, 2026

Vietnam remains the largest sourcing base for Adidas, accounting for more than a quarter of its global production, highlighting how deeply global brands now rely on the country to anchor their supply chains. This matters because once scale reaches this level, it becomes structural: * Orders are sticky โ€” shifting away is costly and slow […]

Read Newsarrow
news
Samsung Electronics is reportedly planning a $4 billion chip packaging plant in Vietnam
NEWS
April 14, 2026

Samsung is already the largest foreign investor in Vietnam โ€” and when it adds this level of capital, the impact tends to be very tangible: Jobs: semiconductor packaging is more labor-intensive than front-end fabs โ†’ thousands of direct jobs, plus a wider ecosystem โ€ข Exports: Samsung already anchors Vietnamโ€™s export engine โ†’ more chip-related output […]

Read Newsarrow
Find out more navigation_button

Disclaimer

The information presented on this page has received approval from Turicum Investment Management AG (“we” and “us”). Your use of this website, social media profiles, mobile apps or other applications (hereinafter referred to as “publicly available electronic applications”, “sites”, “electronic services”, “electronic applications”, or “applications”) is subject to your agreement with the following terms and conditions. Access to information on these sites may be restricted by laws and regulations applicable to you or your location. Individuals to whom such restrictions apply are prohibited from accessing these sites. By continuing to access these electronic services, you acknowledge and agree to be bound by these terms:

No Offer

No information provided in this website regarding services or products shall constitute or be construed as an offer to sell or as a solicitation of an offer to acquire securities or other instruments in any jurisdiction where such offer or solicitation is prohibited by law or in which the person making an offer or solicitation is not licensed or registered to do so or to any person to whom such offer or solicitation is contradictory to local law or regulation. Any such prohibited offer or solicitation is void and Turicum Investment Management AG will disregard any communication received in respect thereof.

Distribution of products

This website contains information concerning investment products that are registered and managed in different jurisdictions. Consequently, this information is not directed at persons who are prohibited from accessing this information by laws and regulations which prohibit the publication or access to the information in question by virtue of the nationality, place of residence, domicile or registered office of the person or entity concerned or on other grounds. The investment funds stated or linked to on this website are not licensed for marketing in all countries of the world.

Risks

Products described on this website should be made only after careful study of the most recent prospectus and the basic legal information contained therein. Furthermore, we recommend that you get advice from your advisor prior making an investment.

Performance

The future performance of an investment cannot be deduced from previous value since the investment may fall as well as rise. In addition, investments in foreign currencies are subject to exchange rate fluctuations. Thus, the investor may not get back the amount invested.

Exclusion of liability

Turicum Investment Management AG expressly disclaims any liability for losses or damages, whether direct, indirect, foreseeable, or unforeseeable, incurred or suffered by any user of this website or of the information provided in this website. By accessing this website, each user fully releases Turicum Investment Management AG and all of its affiliates and its respective partners, directors, officers, employees and agents from any and all claims, right and recourses for such losses or damages.

Information provided by third parties and linked sites

This website may refer, by hyperlinks or other means, to information provided by third parties. Turicum Investment Management AG has not verified whether such information is reasonable, accurate, reliable, complete or up-to-date. Links to other sites do not constitute Turicum Investment Management AGโ€™s approval or endorsement of such sites or its products or advertisements. Turicum Investment Management AG is not liable in connection with any such information provided by third parties.

Turicum Investment Management AG has not reviewed any of the websites which link to the present site and is not responsible for the content of off-site pages or any other websites linked or linking to the site. Following links to any off-site pages or other websites shall be made under your own responsibility.

No reliance and no warranty

This website may include technical or editorial inaccuracies or typographical errors. The information on this website has been prepared solely for information purposes. While Turicum Investment Management AG has made every effort to ensure that the information on this website is accurate at the time of publication, Turicum Investment Management AG makes no representation or warranty in any manner, expressly or by implication, as to the accuracy, reliability or completeness of the information provided in this website. Turicum Investment Management AG shall not be obliged to remove outdated information from its website or to expressly mark it as outdated.

Confidentiality

This website is not a secure medium for electronic communications. Any confidential, proprietary, or sensitive information transmitted by a user by means of this website may be read and/or copied by unauthorized persons.

Copyright

The entire content of this Turicum Investment Management AG website is subject to copyright with all rights reserved.
Without the prior written consent of Turicum Investment Management AG this website or any part thereof may not be copied, transmitted (by electronic means or otherwise), modified, linked into, or used for public or commercial purposes.