Vietnam's MoF Bolsters Korean Business with Tax Reforms and Digital Push
The Ministry of Finance (MoF) in Vietnam has been driving digital transformation and administrative reforms in taxation, expanding eTax services and launching an eTax Mobile app. Recently, a conference was held to strengthen dialogue and promptly address concerns related to tax and customs policies among Korean enterprises operating in Vietnam.
The event, attended by around 50 Korean businesses, provided updates on newly issued regulations and aimed to improve the investment climate, encourage sustainable business practices, and consolidate the Vietnam - Republic of Korea Comprehensive Strategic Partnership. The Republic of Korea is one of Vietnam's largest foreign investors, with total registered investment exceeding $92 billion across over 10,000 projects.
The MoF is adopting new technologies such as AI and big data to enhance tax administration. In 2025, the MoF proposed a support package worth about VNĐ241.74 trillion (US$9.1 billion) to aid businesses. The MoF called on Korean enterprises to innovate, strengthen competitiveness, and grow sustainably while complying with tax and customs laws. The tax and customs dialogue, launched in 2008, serves as a platform for the Vietnamese government and Korean enterprises to discuss difficulties and propose policy improvements.
The conference was a significant step in fostering a more favorable business environment for Korean enterprises in Vietnam. The MoF's commitment to digital transformation and support for businesses, coupled with the tax and customs dialogue, demonstrates Vietnam's dedication to maintaining a strong and sustainable partnership with the Republic of Korea.
