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Prime Minister Lê Minh Hưng said the government will issue a decree next week to raise the taxable income threshold for household businesses from 500 million dong to 1 billion dong per year.
Speaking at a citizen-contact conference on the afternoon of April 28, following the first session of the 16th National Assembly, the Prime Minister said the government has been studying plans to adjust tax laws and has submitted them to the National Assembly for immediate consideration.
“In the coming week, the government will issue a guiding decree, in which we proactively propose raising the income tax threshold for households and individuals from 500 million dong per year to 1 billion dong per year,” he told voters.
The Prime Minister also said the government will continue using policy tools effectively to ensure energy security and stabilize the market, with the aim of avoiding price shocks that could affect citizens’ lives.
He noted that Vietnam’s macroeconomy in the first four months of 2026 remained broadly stable, citing:
The Prime Minister said political stability and policy consistency have helped Vietnam become a “green zone” for international investors.
To maintain growth momentum, he urged ministries, sectors, and localities to focus on building a transparent, stable, open, and predictable business environment. He specifically called for:
For Hai Phong City, the Prime Minister highlighted Q1 GRDP growth of 11.21%, saying it remains among the country’s leading performances.
He urged Hai Phong to serve as a model locality in innovation and execution, reaffirming its role as an industrial center, port, logistics and modern services hub, while leading in digital transformation and high-quality human resources development.
On citizen petitions, he said that in June the government will summarize one year of operation of the two-tier local government model to address bottlenecks and implement stronger decentralization for the city.
In the land sector, the Prime Minister said agencies have been tasked with studying amendments to the Land Law in 2026 and completing nationwide land data digitization and cleansing in Q2/2026.
Concluding, the Prime Minister affirmed that with an open, transparent, stable, and predictable investment climate—along with reduced costs—people and enterprises will feel secure in production and contribute to double-digit growth.
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