WHAT HAPPENED
The Vietnam Chamber of Commerce and Industry (VCCI) has put forth an initiative with the potential to significantly reshape the country's economic landscape, particularly for small and medium-sized enterprises (SMEs). In June 2026, VCCI presented eleven recommendations to the government, central among them a proposal to extend and expand Corporate Income Tax (CIT) incentives for medium-sized enterprises operating in the manufacturing and related industries. This measure aims to bolster business support, enhance competitiveness, and stimulate industrial growth.
VCCI's proposal is part of a broader strategy to quantify and enhance the effectiveness of government support for SMEs. Vietnam, recognizing the role of these enterprises as drivers of economic development and job creation, seeks to establish the most favorable conditions for their growth. Extending tax incentives to medium-sized enterprises in manufacturing and supporting industries underscores the priority of developing the local production base and integrating it into global supply chains.
If these recommendations are adopted, it will mark a significant step towards creating a more predictable and beneficial tax environment for Vietnamese businesses. For companies that already form the backbone of Vietnam's export potential, such support will be a powerful factor in reducing operational costs and increasing investments in modernization and production expansion, which, in turn, will directly impact international trade relations.
WHAT THIS MEANS FOR RUSSIAN E-COMMERCE
VCCI's proposals hold direct and multifaceted potential for the Russian e-commerce sector, especially for companies actively involved in importing goods. Increased tax incentives for Vietnamese manufacturing and supporting enterprises, if implemented, will lead to a reduction in their production costs. This, in turn, will create opportunities for Russian e-commerce suppliers to acquire goods at more competitive prices, directly impacting profit margins and pricing in the Russian market.
Reduced production costs in Vietnam could significantly strengthen the position of Vietnamese suppliers compared to competitors from other Asian countries. Russian companies seeking to diversify their supply chains and reduce reliance on a single region will find Vietnam an even more attractive partner. This is not only a matter of price but also of quality and supply reliability, as supported enterprises will be able to invest in modernization and raising production standards.
The strengthening of Vietnam's production base as a result of such incentives could also lead to an expansion of the range of goods available for import. Russian e-commerce platforms and sellers will be able to offer a wider array of products, from textiles and footwear to electronics and industrial components, manufactured in Vietnam. This will create new niches and growth opportunities in the domestic market, meeting the growing demand for diverse and quality goods.
Finally, the anticipated increase in production and trade volumes between Vietnam and Russia could lead to the optimization of logistics routes and a reduction in transportation costs in the long term. Increased activity in sea and air freight will stimulate infrastructure development and the emergence of new, more efficient solutions for goods delivery, which is beneficial for Russian e-commerce aiming to reduce import times and costs.
VIETSMART EXPERT COMMENTARY
In the current geopolitical and economic climate, it is crucial for Russian e-commerce not just to react to changes, but to stay one step ahead, anticipating future trends. VCCI's proposal is more than just news; it's a potential indicator of a strategic shift that could establish Vietnam as a key partner for many Russian importers for years to come. We advise our clients not merely to observe developments but to actively prepare for them.
Russian entrepreneurs should closely monitor the discussion and adoption of these recommendations. The sooner these measures are enacted, the faster their impact will be reflected in the cost of Vietnamese products. Now is the opportune time to review procurement strategies and potential partnerships, as well as to evaluate new product categories that could become more profitable for import from Vietnam. This is an investment in long-term competitiveness.
CONCLUSIONS AND WHAT TO DO
For Russian e-commerce players focused on imports, the upcoming changes in Vietnam present a range of strategic opportunities. To leverage this potential most effectively, VietSmart recommends the following steps:
- Monitor Legislative Initiatives: Closely follow news regarding the adoption of VCCI's recommendations. The faster you learn about the actual implementation of tax incentives, the more promptly you can adapt your procurement strategies.
- Re-evaluate Suppliers and Pricing: Conduct an analysis of current and potential Vietnamese suppliers. Discuss with them the possible reduction in product prices in light of the new tax incentives. This will allow you to update pricing on the Russian market and increase profit margins.
- Expand Product Range: Explore new product categories that previously might have been unprofitable for import from Vietnam due to price competition, but could now become advantageous. Pay special attention to goods from manufacturing and supporting industries.
- Optimize Logistics: Analyze existing logistics routes and opportunities for their optimization. Increased trade volumes with Vietnam could lead to the emergence of new logistics solutions and reduced tariffs, directly impacting the final cost of goods.
- Strengthen Partner Relationships: Develop long-term and trustworthy relationships with Vietnamese manufacturers. In a changing market, a reliable partner is a key asset, capable of ensuring stable supplies and access to the most favorable terms.
Source: VnEconomy EN — Business on June 18, 2026