HANOI, VIETNAM – Vietnam's economy is witnessing two significant developments as the stock market shows robust activity while the government considers measures to ease financial burdens on its citizens.
Stock Market Remains Vibrant Around Key Threshold
Vietnam's benchmark VN-Index is experiencing a period of dynamic trading, consistently holding its ground around the significant 1,500-point level. The steady performance and high trading volumes reflect growing investor confidence in the market's stability and potential for growth. Analysts are closely monitoring this key psychological and technical threshold as an indicator of the market's overall health and future direction.
Ministry of Finance Proposes Increase in Personal Tax Deductions
In a move aimed at supporting households, the Ministry of Finance has formally proposed an increase in the personal income tax (PIT) deduction. The proposal suggests raising the maximum monthly deduction to 15.5 million VND per month.
This adjustment is intended to alleviate the financial pressure on taxpayers, particularly in the context of rising living costs. If the National Assembly approves the proposal, it would effectively increase the disposable income for millions of workers and their families, potentially boosting domestic consumption.
