How to calculate family deduction according to the latest regulations

The current family deduction level when calculating personal income tax (PIT) is applied according to Resolution No. 954 of 2020. Individuals can calculate tax themselves after family deduction.

Accordingly, the family deduction of 11 million VND/month (132 million VND/year) applies to the taxpayer himself; the family deduction of 4.4 million VND/month applies to each dependent of the taxpayer.

Collecting 2,500 billion in tax from households and individuals doing online business, Ministry of Finance says 'very small'

The Ministry of Finance is seeking comments on a draft Decree regulating tax management for business activities on e-commerce platforms and digital platforms of business households and individual businesses.

Of the 116,000 billion VND in tax revenue from e-commerce business activities in 2024, the contribution of households and individuals doing online business is only about 2,500 billion 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 information on the assets of Vietnamese businessmen at the beginning of the year of the Snake. Mr. Nguyen Dang Quang, Chairman of Masan Group, returned to the list of USD billionaires after losing this position before the Lunar New Year holiday. For most of 2024, Mr. Quang was on Forbes' USD billionaire list.

According to Forbes, as of February 2 (the 5th day of Tet), Mr. Quang had assets of exactly 1 billion USD, ranked 2,718th in the world.

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

typhuusdforbes2025feb2 99400.gif
Mr. Nguyen Dang Quang returns to Forbes' list of USD billionaires. Chart: MH

Temu still suspends operations, must apologize and refund Vietnamese customers

As of the morning of February 8, the Vietnamese version of the e-commerce platform Temu has not yet resumed operations.

Elementary Innovation Pte. Ltd - the owner of Temu - is still urgently coordinating to complete the application procedures for a license according to the provisions of 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 - Ministry of Industry and Trade said it is unclear when the Temu e-commerce platform can resume operations in Vietnam.

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

International visitors to Vietnam increase to record level in first month of the year

The latest data from the General Statistics Office shows that in January 2025, international visitors to our country reached nearly 2.1 million arrivals, an increase of 18.5% over the previous month and an increase of 36.9% over the same period last year.

Vietnam's largest tourist market in January 2025 was still Asian countries, with more than 1.6 million arrivals, followed by visitors from Europe, America, and Australia.

People huddled in the cold rain waiting to buy gold for the God of Wealth.

Early morning of February 7, although the stores did not open until 6:30, from 3:00 there were already dozens of people sitting huddled in the cold rain waiting to buy gold for the God of Wealth's day.

At noon on the day of God of Wealth, people flocked to buy gold, the stores were crowded with customers. Some traders were worried about "selling out" because of the shortage of supply, while some customers decided to buy up to 200 taels of gold rings despite the high price.

Before the God of Wealth Day, many people took profits by selling gold, while the store suddenly announced that there was no limit on the amount of gold customers could buy. However, most people only bought a small amount for luck.

More than 13 trillion were 'poured' out, which bank lent the most?

26 domestic commercial banks have announced customer loan data in 2024 (excluding Eximbank, VietBank and 5 weak banks) with a total capital supply to the market of more than 13,026 trillion VND.

Of which, the Big4 group (Agribank, BIDV, Vietcombank, VietinBank) alone accounts for 47% of the total outstanding loans of these 26 banks, and at the same time shares the first 4 positions in terms of customer loans in 2024.

The 'top' bank is the most 'chosen place to deposit money'

Bank deposits continued to set a new record when 26 banks announced capital mobilization results in 2024 with a total mobilization volume exceeding VND 12,846 trillion, an increase of 12.89% compared to 2023.

The Big4 banking group continues to lead the system in mobilizing customer deposits when each bank mobilizes millions of billions of VND in 2024. Apart from the Big4 group, no bank has reached the 1 million billion VND mark in capital mobilization.

Latest bank employee income rankings: The 'lonely champion at the top'

As of early February, except for Eximbank, Agribank and 5 banks under special control or forced transfer (SCB, DongA Bank, MBV, VCBNeo, GPBank) that have not yet announced their financial reports for the fourth quarter of 2024, 25 domestic commercial banks have announced their financial reports for the fourth quarter, thereby showing the picture of banking industry employee income in the past year.

Notably, Techcombank continues to break its own record in terms of employee benefits when the average monthly income of this bank's employees reaches a new milestone: 48 million VND/person/month in 2024, an increase of 3 million VND compared to the average income per capita in 2023.

Compulsory motorbike insurance purchase: Collected nearly 740 billion, paid more than 28 billion

The Department of Insurance Management and Supervision (Ministry of Finance) has just announced updated data according to business reports of insurance companies on compulsory civil liability insurance for motorbikes, motorbikes and similar motor vehicles.

Accordingly, in 11 months of 2024, total revenue is 736.9 billion VND; estimated compensation cost is 28.5 billion VND; compensation rate is only about 4%.