Vietnam could get rid of its most large tax incentives without harming its growth or competitiveness, said an Oxfam expert.

Higher inflationary pressure, unstable crude oil and gas prices from geopolitical tension and the ongoing US – China trade war are among major risks to Vietnam’s economy this year.

The Covid-19 pandemic could prompt Vietnam to move forward in the digital economy.

Vietnam’s informal sector, accounting for an estimated 25 – 30% of GDP, is among the groups hardest hit by the pandemic, but not included in GDP calculation.

Multinational companies have more favorable conditions in exercising tax avoidance, and to a larger extend, tax evasion, compared to their peers in the state and private sectors.