After the European Union (EU) added Vietnam to the list of non-cooperative jurisdictions for tax purposes following an Organisation for Economic Cooperation and Development (OECD) peer review on the exchange of information on tax rulings for the 2021-2023 period, Vietnam defended its tax transparency record.
Vietnamese Ministry of Foreign Affairs spokesperson Pham Thu Hang said that throughout the OECD's peer review process, Vietnam actively incorporated feedback and recently updated many legal documents on taxation, finance and corporate governance, including the Law on Tax Administration, the Law on Enterprises, and Decree No. 168/2025/ND-CP on corporate management.
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These have helped improve the compliance with international standards for transparency and information exchange, she was cited as saying by domestic media reports.
Vietnam is now formulating and implementing a national action plan to address recommendations from the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes. It is concurrently strengthening tax cooperation with international partners, including the EU, Hang added.
