chevrons

Back to Previous Page

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.

Related News & Insights
Find out more navigation_button
news

Vietnam officially rolled out E10 gasoline nationwide from June 1, replacing conventional RON95 across the retail network. The change may look technical, but the impact is more meaningful than it first appears. As E10 contains 10% ethanol, every liter sold effectively reduces fossil gasoline demand by around 10%. On a nationwide scale, that is a […]

Read Newsarrow
news

LG Innotek is expanding its semiconductor substrate manufacturing footprint in Vietnam with a new facility in Hai Phong, marking another step in the company’s plan to position Vietnam as a mass-production base while keeping higher-value technology development in Korea. The plant will produce advanced chip substrates, including RF-SiP, FC-CSP, and FC-BGA, which are key components […]

Read Newsarrow
news

According to Reuters, Samsung Electronics plans to invest US$1.5bn to build its first chip-testing plant in Vietnam, located in Thai Nguyen and expected to begin operations in November 2027. This adds to Samsung’s already substantial commitment to Vietnam. By 2024, Samsung’s cumulative investment in the country had reached around US$23.2bn, making it Vietnam’s largest foreign […]

Read Newsarrow
Find out more navigation_button