Vietnam must ensure tax policy stability to retain and attract foreign investors: officials
Stable, transparent and predictable tax policy is fast becoming a deciding factor for foreign-invested enterprises already operating in Vietnam as they weigh whether to maintain or expand production and trade and commit to long-term investment.
Vietnam's foreign direct investment (FDI) strategy is shifting focus from merely attracting overseas capital to retaining and encouraging quality investment. Overseas companies now consider various factors beyond tax bills, such as compliance costs, policy instability, enforcement consistency, and problem-solving channels. Mai Xuan Thanh, Director of the Taxation Department, emphasized that a clear, stable, and predictable tax policy is crucial for investment competitiveness, especially for foreign-invested firms operating across multiple markets and tax systems.
Nguyen Anh Tuan, Deputy Director of the Foreign Investment Agency, clarified that authorities aim for better quality, efficiency, and sustainability in capital flows, focusing on linking the FDI sector with domestic capabilities and long-term development goals. The Politburo's Resolution 10-NQ/TW, issued on June 8, 2026, stresses moving from scale and quantity to quality, efficiency, and added value.
This shift is detailed in Resolution 280/NQ-CP, issued on September 22, 2026, which assigns 61 tasks to various ministries, agencies, and localities, with the Ministry of Finance (MoF) receiving 22 key tasks. Enhanced coordination among investment, tax, and customs authorities is essential to streamline business operations and ensure consistent policy enforcement.
Both companies and tax authorities must prioritize transparency, with companies providing truthful transaction records and engaging in early dialogue for complex issues, while tax authorities must publish policies, offer clear guidance, enforce rules consistently, and deliver timely information.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
