VAFIE, Danang tax authority update policies for over 200 businesses

The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) on Tuesday coordinated with Danang's tax authority to organize a tax policy updating workshop, drawing more than 200 enterprises operating in the central Vietnam city.

The event was also attended by representatives from EY Vietnam, SeABank, and the Association of Chartered Certified Accountants (ACCA) Vietnam, along with a number of reputable experts.

In recent years, VAFIE has successfully organized a series of policy update workshops, particularly on tax policies, in key localities such as Hanoi, Hai Phong, Hung Yen, Nghe An, and Ha Nam.

"These events have drawn strong interest from the business community, especially as Vietnam’s tax legal system is undergoing significant reforms to meet socio-economic development and international integration requirements," said Dr. Nguyen Anh Tuan, chairman of VAFIE, In his opening remarks.

Notably, the 2025-2026 period is expected to see major changes related to several tax laws, including the Law on Value-Added Tax (VAT), the Law on Corporate Income Tax (CIT), the Law on Personal Income Tax, and the Law on Excise Tax, along with related decrees and guiding circulars.

"In this context, keeping up with new regulations, properly understanding policy substance, and fulfilling tax obligations are essential requirements for improving compliance, minimizing legal risks, and optimizing corporate financial management," Dr. Tuan noted.

He affirmed that the association will continue to accompany local authorities and the business community, acting as a bridge between enterprises and state management agencies to promptly reflect difficulties for solutions.

Speaking at the workshop, Bui Khanh Toan, head of the Danang Tax Department, said the agency is currently managing 48,038 enterprises and 89,881 business households. Total state budget revenue in 2025 reached more than VND56.05 trillion ($2.14 billion).

Among them are 2,065 foreign-invested enterprises (FIEs) with total investment capital exceeding VND71 trillion ($2.7 billion). These firms contributed more than VND8.6 trillion to the city’s budget in 2025, accounting for about 17% of total budget revenue excluding land-use fees.

According to Toan, the FIEs community in Danang has consistently complied well with tax policies and laws while making significant contributions to the city’s budget.

Alongside ongoing tax administration reforms, he stressed that the tax sector will continue to uphold the principle of “putting taxpayers at the center of service,” focusing on supporting taxpayers and creating favorable conditions for voluntary compliance while ensuring that businesses have full access to incentives per regulations.

Appreciating the workshop organized by VAFIE, he suggested that the association continue coordinating to hold specialized workshops on related-party transactions, an area of particular concern for many FDI enterprises.

At the workshop, To Quoc Hung, ACCA Vietnam country manager, said that after 25 years of operation in Vietnam, ACCA has not only supported the professional community in accounting, auditing, and finance but has also contributed to many important milestones in the development of the profession, including the drafting of the Accounting Law and the Independent Audit Law.

In 2025, the organization signed an MoU supporting the development of an International Financial Center in Vietnam, creating many opportunities while setting new requirements for governance standards and financial transparency.

In the coming period, ACCA said it will continue connecting its network of experts and international investors across more than 180 countries to help attract global resources to Vietnam, not only to Ho Chi Minh City but also to Danang.

The Q&A session at the workshop was lively, with many businesses raising questions directly about tax policies and receiving responses from experts and leaders of the Danang Tax Department.

From the perspective of a sponsor, Nguyen Thanh Huyen, regional director of corporate banking at SeABank Central Region 2, said the workshop provided an opportunity for the bank to listen to and share with the business community.

According to Huyen, SeABank is offering flexible financial solutions such as working capital support, trade finance, credit guarantees, and digital banking services, helping businesses manage cash flow and conduct international payments quickly and safely.

The bank has launched the SeABiz Ultra Cash corporate card to support transparent spending management and optimize operating costs.

SeABank also provides preferential policies for import-export companies and FDI enterprises, contributing to strengthening business competitiveness amid deeper international integration, she added.

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