Vietnam’s Deputy Prime Minister and Minister of Finance Ho Duc Phoc has put to the National Assembly that corporate income tax breaks should be extended to newspapers and digital news. The current rate is 20 percent, however, the Minister has proposed reducing this to ten percent.
Tuoi Tre notes that news outlets have struggled in recent years on the back of greater proliferation of social media and subsequently a diversion of advertising funds to this new medium. It mentions that the revenue of some major news outlets has fallen considerably (see table below).
The publication goes on to stress the importance of the press in Vietnam.
“Press agencies do not operate simply as businesses but perform a particularly important task. That is to propagate the Party’s guidelines and the State’s policies and also to orient public opinion to strengthen people’s trust, fight against negativity in society, and refute the false arguments of hostile forces.”
See also: Vietnam News Media Industry Overview 2024
Revenue of selected Vietnam media outlets, 9 months, Q3 2024
| Outlet | Period | VND millions | US$ | Change % |
| People’s Police Newspaper | Q3 | 22,093,000,000 | $870,660 | -11.22 |
| Dan Tri Newspaper | Q3 | 10,247,306,189 | $403,835 | -22 |
| Thanh Nien Newspaper | 9 Months | 191,587,615,060 | $7,550,251 | -0.94 |
| VnExpress Newspaper | 9 Months | 948,875,000,000 | $37,394,089 | -0.30 |
| Lao Dong Newspaper | Q3 | 19,500,000,000 | $768,473 | -2.10 |
| Tuoi Tre Newspaper | Q3 | 70,269,000,000 | $2,769,222 | -2.40 |
Source: Ministry of Information and Communication