• Tax reform in Vietnam has yielded
remarkable successes in term of
revenue revenue collection
• Currently, Vietnam relies heavily on
consumption taxes:
– In 2013, revenue from VAT and
excise tax accounted for 33.4% of
total revenue
• As for revenue from income tax, CIT
also plays an important role with a
share of 15.5% in 2013 while role of PIT
is still relatively small (5.7% of total).
• Share of revenue from oil and gas
reached a peak of 29.82% in 2006, but
in 2013 reduced to 14.7%. Similarly,
share of revenue from trade tax
decreased from 15.5% in 2001 to 8.2%
in 2013
• Government revenue as % of GDP has
decreased since 2010 due to economic
slowdown and tax cuts (CIT, PIT...)