Tax Reform in Vietnam : Toward a More Efficient and Equitable System
In 2010, after two decades of rapid economic growth, Vietnam passed the threshold to become a lower-middle-income economy. Sustained market-oriented reforms combined with intensive efforts to integrate into the world economy are among the key drive...
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| Format: | Report |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/937621468327932237/Tax-reform-in-Vietnam-toward-a-more-efficient-and-equitable-system http://hdl.handle.net/10986/26851 |
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okr-10986-26851 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English en_US |
| topic |
ADDED TAX AGRICULTURAL TAX AGRICULTURAL TAXES ALLOCATION OF RESOURCES BENEFICIARIES BENEFICIARY BONDS BORDER TAX BUDGET CYCLE BUDGET DEFICITS BUDGET PERFORMANCE BUDGET PROCESS BUSINESS CLIMATE BUSINESS DEVELOPMENT BUSINESS TAX CAPACITY BUILDING CAPACITY ENHANCEMENT CAPITAL ACCUMULATION CAPITAL EXPENDITURES CAPITAL GAINS CAPITAL INVESTMENT CASH FLOW CENTRAL GOVERNMENT CHARITABLE CONTRIBUTIONS CITIES COEFFICIENT OF VARIATION COMMODITY COMPLIANCE COST COMPLIANCE COSTS CONFIDENTIALITY CONSUMPTION TAX CORPORATE INCOME TAX COST OF COLLECTION DEBT DEBT COLLECTION DECENTRALIZATION DEDUCTIONS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DISTRICT DISTRICT LEVEL DIVIDENDS DOMESTIC MARKET E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC INTEGRATION EFFECTIVE TAX RATES EFFICIENT ALLOCATION EFFICIENT USE ESTIMATED TAX EXCHANGE RATE EXCHANGE SYSTEM EXCISE TAX EXCISE TAXES EXPENDITURE EXPENDITURE PER CAPITA EXPORT TAXES EXPORTERS FISCAL DECENTRALIZATION FISCAL MANAGEMENT FIXED ASSET FIXED ASSETS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FREE TRADE FUND INFORMATION GLOBAL ECONOMY GOVERNMENT BUDGETS GOVERNMENT OWNERSHIP GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROWTH RATE HARMONIZATION HOUSEHOLD BUSINESSES HOUSEHOLD INCOME HUMAN RESOURCE HUMAN RESOURCES IMMOVABLE PROPERTY INCENTIVE STRUCTURE INCOME GROUPS INDUSTRIAL COUNTRIES INFLATION INFORMATION SYSTEM INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSTRUMENT INTERNAL AUDIT INTERNATIONAL BEST PRACTICE INTERNATIONAL BEST PRACTICES INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT RESOURCE IRREGULAR INCOMES ISSUANCE JOB CREATION LAND PARCELS LAND TAX LAND TAXES LAND VALUE LAND VALUE TAXATION LEGAL FRAMEWORK LEVEL OF COMMITMENT LEVIES LOCAL CAPACITY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC STABILITY MARKET ECONOMY MEDIUM ENTERPRISES MIDDLE-INCOME ECONOMY MINISTRY OF FINANCE MONETARY FUND NATURAL RESOURCE NATURAL RESOURCES OIL PRICES OUTPUT PAYMENT METHODS PAYMENT SYSTEM PERSONAL INCOME PERSONAL INCOME TAX PERSONAL INCOME TAXES POLICY FRAMEWORK POLICY MAKERS POLICY RECOMMENDATIONS POLICY REFORM PROGRESSIVE TAX PROPERTY TAX PROPERTY TAX REFORM PROPERTY TAXES PROVINCES PROVINCIAL GOVERNMENTS PROVINCIAL LEVEL PROVINCIAL REVENUE PROVINCIAL REVENUES RAPID ECONOMIC GROWTH REAL ESTATE RECURRENT EXPENDITURE REDISTRIBUTION REFORM PROGRAM REGISTRATION FEE RESOURCE ALLOCATION RETURN REVENUE ADEQUACY REVENUE ASSIGNMENT REVENUE ASSIGNMENTS REVENUE AUTHORITY REVENUE COLLECTION REVENUE FORECASTING REVENUE SOURCES REVENUE STRUCTURE SMALL BUSINESS STAMP DUTIES STATE BUDGET SUB-NATIONAL SUBNATIONAL SUBNATIONAL GOVERNMENTS TARIFF REVENUE TAX TAX ACCOUNTING TAX ADMINISTRATION TAX ADMINISTRATION SYSTEM TAX ASSIGNMENT TAX AUTONOMY TAX BASE TAX BRACKETS TAX BURDEN TAX CHANGES TAX COLLECTION TAX COMPLIANCE TAX EVASION TAX EXEMPTION TAX EXPENDITURES TAX FORMS TAX INCENTIVES TAX INCIDENCE TAX INSTRUMENTS TAX LAW TAX LAWS TAX OFFICES TAX OFFICIALS TAX POLICIES TAX POLICY TAX POLICY REFORMS TAX RATE TAX RATES TAX REDUCTIONS TAX REFORM TAX REFORMS TAX REGIME TAX REGIMES TAX REGULATIONS TAX REVENUE TAX REVENUE SHARING TAX REVENUES TAX SHARING TAX STRUCTURE TAX STRUCTURES TAX SYSTEM TAX TREATMENT TAXATION TAXATION OF BUSINESS TAXPAYER TAXPAYER SERVICE TAXPAYER SERVICES TAXPAYERS TECHNICAL ASSISTANCE TECHNOLOGY TRANSFER TRADE DEFICIT TRADE TAXES TRADING TRADING ACTIVITIES TRANSACTION TRANSFER TAX TRANSPARENCY TREATIES TURNOVER TURNOVER TAX TURNOVER TAXES USE TAX VALUATION WORLD ECONOMY WORLD TRADE |
| spellingShingle |
ADDED TAX AGRICULTURAL TAX AGRICULTURAL TAXES ALLOCATION OF RESOURCES BENEFICIARIES BENEFICIARY BONDS BORDER TAX BUDGET CYCLE BUDGET DEFICITS BUDGET PERFORMANCE BUDGET PROCESS BUSINESS CLIMATE BUSINESS DEVELOPMENT BUSINESS TAX CAPACITY BUILDING CAPACITY ENHANCEMENT CAPITAL ACCUMULATION CAPITAL EXPENDITURES CAPITAL GAINS CAPITAL INVESTMENT CASH FLOW CENTRAL GOVERNMENT CHARITABLE CONTRIBUTIONS CITIES COEFFICIENT OF VARIATION COMMODITY COMPLIANCE COST COMPLIANCE COSTS CONFIDENTIALITY CONSUMPTION TAX CORPORATE INCOME TAX COST OF COLLECTION DEBT DEBT COLLECTION DECENTRALIZATION DEDUCTIONS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DISTRICT DISTRICT LEVEL DIVIDENDS DOMESTIC MARKET E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC INTEGRATION EFFECTIVE TAX RATES EFFICIENT ALLOCATION EFFICIENT USE ESTIMATED TAX EXCHANGE RATE EXCHANGE SYSTEM EXCISE TAX EXCISE TAXES EXPENDITURE EXPENDITURE PER CAPITA EXPORT TAXES EXPORTERS FISCAL DECENTRALIZATION FISCAL MANAGEMENT FIXED ASSET FIXED ASSETS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FREE TRADE FUND INFORMATION GLOBAL ECONOMY GOVERNMENT BUDGETS GOVERNMENT OWNERSHIP GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROWTH RATE HARMONIZATION HOUSEHOLD BUSINESSES HOUSEHOLD INCOME HUMAN RESOURCE HUMAN RESOURCES IMMOVABLE PROPERTY INCENTIVE STRUCTURE INCOME GROUPS INDUSTRIAL COUNTRIES INFLATION INFORMATION SYSTEM INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSTRUMENT INTERNAL AUDIT INTERNATIONAL BEST PRACTICE INTERNATIONAL BEST PRACTICES INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT RESOURCE IRREGULAR INCOMES ISSUANCE JOB CREATION LAND PARCELS LAND TAX LAND TAXES LAND VALUE LAND VALUE TAXATION LEGAL FRAMEWORK LEVEL OF COMMITMENT LEVIES LOCAL CAPACITY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC STABILITY MARKET ECONOMY MEDIUM ENTERPRISES MIDDLE-INCOME ECONOMY MINISTRY OF FINANCE MONETARY FUND NATURAL RESOURCE NATURAL RESOURCES OIL PRICES OUTPUT PAYMENT METHODS PAYMENT SYSTEM PERSONAL INCOME PERSONAL INCOME TAX PERSONAL INCOME TAXES POLICY FRAMEWORK POLICY MAKERS POLICY RECOMMENDATIONS POLICY REFORM PROGRESSIVE TAX PROPERTY TAX PROPERTY TAX REFORM PROPERTY TAXES PROVINCES PROVINCIAL GOVERNMENTS PROVINCIAL LEVEL PROVINCIAL REVENUE PROVINCIAL REVENUES RAPID ECONOMIC GROWTH REAL ESTATE RECURRENT EXPENDITURE REDISTRIBUTION REFORM PROGRAM REGISTRATION FEE RESOURCE ALLOCATION RETURN REVENUE ADEQUACY REVENUE ASSIGNMENT REVENUE ASSIGNMENTS REVENUE AUTHORITY REVENUE COLLECTION REVENUE FORECASTING REVENUE SOURCES REVENUE STRUCTURE SMALL BUSINESS STAMP DUTIES STATE BUDGET SUB-NATIONAL SUBNATIONAL SUBNATIONAL GOVERNMENTS TARIFF REVENUE TAX TAX ACCOUNTING TAX ADMINISTRATION TAX ADMINISTRATION SYSTEM TAX ASSIGNMENT TAX AUTONOMY TAX BASE TAX BRACKETS TAX BURDEN TAX CHANGES TAX COLLECTION TAX COMPLIANCE TAX EVASION TAX EXEMPTION TAX EXPENDITURES TAX FORMS TAX INCENTIVES TAX INCIDENCE TAX INSTRUMENTS TAX LAW TAX LAWS TAX OFFICES TAX OFFICIALS TAX POLICIES TAX POLICY TAX POLICY REFORMS TAX RATE TAX RATES TAX REDUCTIONS TAX REFORM TAX REFORMS TAX REGIME TAX REGIMES TAX REGULATIONS TAX REVENUE TAX REVENUE SHARING TAX REVENUES TAX SHARING TAX STRUCTURE TAX STRUCTURES TAX SYSTEM TAX TREATMENT TAXATION TAXATION OF BUSINESS TAXPAYER TAXPAYER SERVICE TAXPAYER SERVICES TAXPAYERS TECHNICAL ASSISTANCE TECHNOLOGY TRANSFER TRADE DEFICIT TRADE TAXES TRADING TRADING ACTIVITIES TRANSACTION TRANSFER TAX TRANSPARENCY TREATIES TURNOVER TURNOVER TAX TURNOVER TAXES USE TAX VALUATION WORLD ECONOMY WORLD TRADE Shukla, Gangadha Prasad Pham, Duc Minh Engelschalk, Michael Le, Tuan Minh Tax Reform in Vietnam : Toward a More Efficient and Equitable System |
| geographic_facet |
East Asia and Pacific Vietnam |
| description |
In 2010, after two decades of rapid
economic growth, Vietnam passed the threshold to become a
lower-middle-income economy. Sustained market-oriented
reforms combined with intensive efforts to integrate into
the world economy are among the key drivers of this
achievement. The reform of tax policy and administration has
been a vital part of this transition. This is leading to a
fundamental change in the composition of taxpayers, from
large state-owned enterprises (SOEs) and foreign-invested
companies to a myriad of small and medium private
enterprises. Economic transition is also leading to an
equally important change in the sources of government
revenue, away from cross-border trade-related taxes and
revenue collection from crude oil toward a greater share of
domestic tax revenue, in particular taxation of business
profits, labor income, and capital gains on land. However,
completing the transition to a market economy will require
changes going beyond tax collection and administration
procedures, and will involve changes to the tax instruments
themselves. At the end of this process, Vietnam should have
a set of taxes that is simple and transparent, secures a
stable flow of revenues for the government, encourages an
efficient allocation of resources, and does not risk
constituting a source of inequality or unfairness. The
purpose of the series of studies in this volume is to shed
light on the issues Vietnam will be facing in the process of
reforming its tax policy and administration. The studies are
also expected to lead to concrete policy recommendations
contributing to the preparation of key policies and
legislative documents to ensure the achievement of the state
budget revenue target and other tax administration reform
targets in the SEDP 2011-2015. It is expected that the
individual studies in this series will become useful inputs
into the debate surrounding the issuance of new laws and
regulations. It is also hoped that the volume will support
the reform momentum in the tax policy area, leading to
increased efficiency, transparency, and equity. |
| author2 |
Shukla, Gangadha Prasad |
| author_facet |
Shukla, Gangadha Prasad Shukla, Gangadha Prasad Pham, Duc Minh Engelschalk, Michael Le, Tuan Minh |
| format |
Report |
| author |
Shukla, Gangadha Prasad Pham, Duc Minh Engelschalk, Michael Le, Tuan Minh |
| author_sort |
Shukla, Gangadha Prasad |
| title |
Tax Reform in Vietnam : Toward a More Efficient and Equitable System |
| title_short |
Tax Reform in Vietnam : Toward a More Efficient and Equitable System |
| title_full |
Tax Reform in Vietnam : Toward a More Efficient and Equitable System |
| title_fullStr |
Tax Reform in Vietnam : Toward a More Efficient and Equitable System |
| title_full_unstemmed |
Tax Reform in Vietnam : Toward a More Efficient and Equitable System |
| title_sort |
tax reform in vietnam : toward a more efficient and equitable system |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/937621468327932237/Tax-reform-in-Vietnam-toward-a-more-efficient-and-equitable-system http://hdl.handle.net/10986/26851 |
| _version_ |
1764462912446922752 |
| spelling |
okr-10986-268512021-04-23T14:04:38Z Tax Reform in Vietnam : Toward a More Efficient and Equitable System Shukla, Gangadha Prasad Pham, Duc Minh Engelschalk, Michael Le, Tuan Minh Shukla, Gangadha Prasad Pham, Duc Minh Engelschalk, Michael Le, Tuan Minh ADDED TAX AGRICULTURAL TAX AGRICULTURAL TAXES ALLOCATION OF RESOURCES BENEFICIARIES BENEFICIARY BONDS BORDER TAX BUDGET CYCLE BUDGET DEFICITS BUDGET PERFORMANCE BUDGET PROCESS BUSINESS CLIMATE BUSINESS DEVELOPMENT BUSINESS TAX CAPACITY BUILDING CAPACITY ENHANCEMENT CAPITAL ACCUMULATION CAPITAL EXPENDITURES CAPITAL GAINS CAPITAL INVESTMENT CASH FLOW CENTRAL GOVERNMENT CHARITABLE CONTRIBUTIONS CITIES COEFFICIENT OF VARIATION COMMODITY COMPLIANCE COST COMPLIANCE COSTS CONFIDENTIALITY CONSUMPTION TAX CORPORATE INCOME TAX COST OF COLLECTION DEBT DEBT COLLECTION DECENTRALIZATION DEDUCTIONS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DISTRICT DISTRICT LEVEL DIVIDENDS DOMESTIC MARKET E-COMMERCE ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC INTEGRATION EFFECTIVE TAX RATES EFFICIENT ALLOCATION EFFICIENT USE ESTIMATED TAX EXCHANGE RATE EXCHANGE SYSTEM EXCISE TAX EXCISE TAXES EXPENDITURE EXPENDITURE PER CAPITA EXPORT TAXES EXPORTERS FISCAL DECENTRALIZATION FISCAL MANAGEMENT FIXED ASSET FIXED ASSETS FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FREE TRADE FUND INFORMATION GLOBAL ECONOMY GOVERNMENT BUDGETS GOVERNMENT OWNERSHIP GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROWTH RATE HARMONIZATION HOUSEHOLD BUSINESSES HOUSEHOLD INCOME HUMAN RESOURCE HUMAN RESOURCES IMMOVABLE PROPERTY INCENTIVE STRUCTURE INCOME GROUPS INDUSTRIAL COUNTRIES INFLATION INFORMATION SYSTEM INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSTRUMENT INTERNAL AUDIT INTERNATIONAL BEST PRACTICE INTERNATIONAL BEST PRACTICES INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT RESOURCE IRREGULAR INCOMES ISSUANCE JOB CREATION LAND PARCELS LAND TAX LAND TAXES LAND VALUE LAND VALUE TAXATION LEGAL FRAMEWORK LEVEL OF COMMITMENT LEVIES LOCAL CAPACITY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC STABILITY MARKET ECONOMY MEDIUM ENTERPRISES MIDDLE-INCOME ECONOMY MINISTRY OF FINANCE MONETARY FUND NATURAL RESOURCE NATURAL RESOURCES OIL PRICES OUTPUT PAYMENT METHODS PAYMENT SYSTEM PERSONAL INCOME PERSONAL INCOME TAX PERSONAL INCOME TAXES POLICY FRAMEWORK POLICY MAKERS POLICY RECOMMENDATIONS POLICY REFORM PROGRESSIVE TAX PROPERTY TAX PROPERTY TAX REFORM PROPERTY TAXES PROVINCES PROVINCIAL GOVERNMENTS PROVINCIAL LEVEL PROVINCIAL REVENUE PROVINCIAL REVENUES RAPID ECONOMIC GROWTH REAL ESTATE RECURRENT EXPENDITURE REDISTRIBUTION REFORM PROGRAM REGISTRATION FEE RESOURCE ALLOCATION RETURN REVENUE ADEQUACY REVENUE ASSIGNMENT REVENUE ASSIGNMENTS REVENUE AUTHORITY REVENUE COLLECTION REVENUE FORECASTING REVENUE SOURCES REVENUE STRUCTURE SMALL BUSINESS STAMP DUTIES STATE BUDGET SUB-NATIONAL SUBNATIONAL SUBNATIONAL GOVERNMENTS TARIFF REVENUE TAX TAX ACCOUNTING TAX ADMINISTRATION TAX ADMINISTRATION SYSTEM TAX ASSIGNMENT TAX AUTONOMY TAX BASE TAX BRACKETS TAX BURDEN TAX CHANGES TAX COLLECTION TAX COMPLIANCE TAX EVASION TAX EXEMPTION TAX EXPENDITURES TAX FORMS TAX INCENTIVES TAX INCIDENCE TAX INSTRUMENTS TAX LAW TAX LAWS TAX OFFICES TAX OFFICIALS TAX POLICIES TAX POLICY TAX POLICY REFORMS TAX RATE TAX RATES TAX REDUCTIONS TAX REFORM TAX REFORMS TAX REGIME TAX REGIMES TAX REGULATIONS TAX REVENUE TAX REVENUE SHARING TAX REVENUES TAX SHARING TAX STRUCTURE TAX STRUCTURES TAX SYSTEM TAX TREATMENT TAXATION TAXATION OF BUSINESS TAXPAYER TAXPAYER SERVICE TAXPAYER SERVICES TAXPAYERS TECHNICAL ASSISTANCE TECHNOLOGY TRANSFER TRADE DEFICIT TRADE TAXES TRADING TRADING ACTIVITIES TRANSACTION TRANSFER TAX TRANSPARENCY TREATIES TURNOVER TURNOVER TAX TURNOVER TAXES USE TAX VALUATION WORLD ECONOMY WORLD TRADE In 2010, after two decades of rapid economic growth, Vietnam passed the threshold to become a lower-middle-income economy. Sustained market-oriented reforms combined with intensive efforts to integrate into the world economy are among the key drivers of this achievement. The reform of tax policy and administration has been a vital part of this transition. This is leading to a fundamental change in the composition of taxpayers, from large state-owned enterprises (SOEs) and foreign-invested companies to a myriad of small and medium private enterprises. Economic transition is also leading to an equally important change in the sources of government revenue, away from cross-border trade-related taxes and revenue collection from crude oil toward a greater share of domestic tax revenue, in particular taxation of business profits, labor income, and capital gains on land. However, completing the transition to a market economy will require changes going beyond tax collection and administration procedures, and will involve changes to the tax instruments themselves. At the end of this process, Vietnam should have a set of taxes that is simple and transparent, secures a stable flow of revenues for the government, encourages an efficient allocation of resources, and does not risk constituting a source of inequality or unfairness. The purpose of the series of studies in this volume is to shed light on the issues Vietnam will be facing in the process of reforming its tax policy and administration. The studies are also expected to lead to concrete policy recommendations contributing to the preparation of key policies and legislative documents to ensure the achievement of the state budget revenue target and other tax administration reform targets in the SEDP 2011-2015. It is expected that the individual studies in this series will become useful inputs into the debate surrounding the issuance of new laws and regulations. It is also hoped that the volume will support the reform momentum in the tax policy area, leading to increased efficiency, transparency, and equity. 2017-06-02T18:42:57Z 2017-06-02T18:42:57Z 2011-09-30 Report http://documents.worldbank.org/curated/en/937621468327932237/Tax-reform-in-Vietnam-toward-a-more-efficient-and-equitable-system http://hdl.handle.net/10986/26851 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Public Sector Study East Asia and Pacific Vietnam |