How to calculate personal allowances according to the latest regulations.

The current personal income tax (PIT) deductions are applied according to Resolution No. 954 of 2020. Individuals can calculate their own tax after deducting these personal allowances.

Accordingly, a personal allowance of VND 11 million/month (VND 132 million/year) applies to the taxpayer themselves; and a personal allowance of VND 4.4 million/month applies to each dependent of the taxpayer.

The Ministry of Finance says the 2.5 trillion VND tax collected from online businesses by households and individuals is 'very small'.

The Ministry of Finance is seeking feedback on a draft Decree regulating tax management for business activities on e-commerce and digital platforms conducted by household businesses and individual entrepreneurs.

Of the 116 trillion VND in taxes collected from e-commerce activities in 2024, the contribution from households and individuals doing online business is only about 2.5 trillion VND.

Mr. Nguyen Dang Quang returns to the list; at the beginning of the new year, Vietnam has 6 USD billionaires.

Forbes magazine has just updated its list of Vietnamese businesspeople's net worth at the beginning of the Year of the Snake. Mr. Nguyen Dang Quang, Chairman of Masan Group, has returned to the list of USD billionaires after losing this position before the Lunar New Year holiday. For most of 2024, Mr. Quang will be on Forbes' list of USD billionaires.

According to Forbes, as of February 2nd (the 5th day of the Lunar New Year), Mr. Quang had a net worth of exactly $1 billion, ranking 2,718th in the world.

Vietnam currently has 6 USD billionaires, far fewer than Thailand's 26.

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Mr. Nguyen Dang Quang returns to Forbes' list of USD billionaires. Chart: MH

Temu remains temporarily closed, has had to apologize and refund Vietnamese customers.

As of the morning of February 8th, the Vietnamese version of the Temu e-commerce platform was still not back online.

Elementary Innovation Pte. Ltd - the owner of Temu - is still urgently coordinating the completion of the application process for a license in accordance with Decree No. 52, amending and supplementing Decree No. 85 on e-commerce.

Mr. Hoang Ninh, Deputy Director of the Department of E-commerce and Digital Economy under the Ministry of Industry and Trade, stated that it is unclear when the Temu e-commerce platform can resume operations in Vietnam.

For those who have placed orders but have not yet received their goods, Temu must refund 100% of the purchase price via bank account and an additional compensation amount depending on the order value via Temu's account.

International visitors to Vietnam reached a record high in the first month of the year.

The latest figures from the General Statistics Office show that in January 2025, the number of international visitors to Vietnam reached nearly 2.1 million, an increase of 18.5% compared to the previous month and a 36.9% increase compared to the same period last year.

Vietnam's largest source market for tourists in January 2025 remained Asian countries, with over 1.6 million visitors, followed by visitors from Europe, America, and Australia.

Crowds huddle together in the cold rain, waiting to buy gold to pay respects to the God of Wealth.

Early in the morning of February 7th, even though shops didn't open until 6:30 AM, dozens of people were already huddled in the cold rain as early as 3 AM, waiting to buy gold for the God of Wealth festival.

On the day of the God of Wealth festival, people flocked to buy gold, and shops were packed with customers. Some dealers worried about running out of stock due to limited supply, while some customers bought as many as 200 taels of gold rings despite the high price.

Before the God of Wealth Day, many people cashed in on their profits by selling their gold, while shops unexpectedly announced no limit on the amount of gold customers could buy. Even so, most people only bought small quantities for good luck.

With over 13 million billion VND injected into the economy, which bank is lending the most?

Twenty-six domestic commercial banks have announced their customer lending figures for 2024 (excluding Eximbank, VietBank, and five weak banks), with a total capital supply to the market exceeding VND 13,026 trillion.

Specifically, the Big4 group (Agribank, BIDV, Vietcombank, VietinBank) alone accounted for 47% of the total outstanding loans of these 26 banks, and also shared the top four positions in terms of customer lending volume in 2024.

The top-tier bank is the most popular choice for deposits.

Banks continued to set new records in deposit mobilization, with 26 banks announcing their 2024 deposit mobilization results, totaling over 12,846 trillion VND, a 12.89% increase compared to 2023.

The Big4 banks continued to lead the system in customer deposit mobilization, with each bank raising trillions of VND in 2024. Outside of the Big4, no other bank reached the trillion VND deposit mark.

Latest ranking of bank employee salaries: The champion is 'lonely at the top'.

As of early February, excluding Eximbank, Agribank, and five banks under special supervision or mandatory transfer (SCB, DongA Bank, MBV, VCBNeo, GPBank) that have not yet published their Q4/2024 financial reports, 25 domestic commercial banks have released their Q4 financial reports, thus revealing the income picture of banking sector employees over the past year.

Notably, Techcombank continues to break its own record for employee compensation, with the average monthly income of its bank employees reaching a new milestone: 48 million VND/person/month in 2024, an increase of 3 million VND compared to the average per capita income in 2023.

Mandatory motorcycle insurance: Nearly 740 billion VND collected, over 28 billion VND paid out.

The Insurance Supervision and Management Department (Ministry of Finance) has just released updated data based on operational reports from insurance companies regarding mandatory civil liability insurance for motorcycles, mopeds, and similar motor vehicles.

Accordingly, in the first 11 months of 2024, total revenue was VND 736.9 billion; estimated compensation costs were VND 28.5 billion; and the compensation rate was only about 4%.