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More spending power for millions of Vietnamese households

Vietnam has approved an increase in personal income tax deductions — VND 15.5 million/month for taxpayers and VND 6.2 million/month per dependent. This means over 2 million people will no longer pay income tax, giving families extra spending capacity and boosting domestic demand.

The move comes as the State budget recorded a surplus of nearly USD 11 billion in the first 9 months of 2025, reflecting solid fiscal policy and ongoing streamlining of government spending.

With more disposable income and a stronger fiscal foundation, Vietnam’s growth story continues to be powered by both resilient households and prudent policymaking.

Check out our video on Vietnam’s consumers to see how the country’s fast-evolving consumer class is shaping the next wave of growth.

NEWS

29 October, 2025

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