Since JP Morgan began operating in Vietnam, it has consistently upheld its commitment to developing Vietnam’s capital market, serving as a bridge to attract foreign investment while continuing to provide banking services that support Vietnamese enterprises.
Vietnamese Minister of Finance Nguyen Van Thang expressed gratitude for the UK’s active role in supporting Vietnam’s efforts to draft a National Assembly resolution on creating an international financial centre. The City of London, he noted, provided pivotal insights and recommendations to shape the groundwork and development roadmap for this hub.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.
The Party Committee of the Government was tasked with developing a set of exceptional policies and mechanisms to be submitted to the National Assembly for approval during its ongoing 9th session.
Lawmakers consider special mechanisms, policies for Hai Phong city
Standard Chartered has worked closely with multinational corporations to promote investment activities in Vietnam and is committed to supporting the country in developing international financial centres.