On April 10th, 2025, VYBE successfully hosted the Talk Show: “The Tax Storm’s Impact on Vietnamese Businesses in Europe” on the Zoom platform. The event attracted more than 100 delegates, including representatives from Vietnamese businesses in countries such as Germany, Belgium, the Netherlands, the Czech Republic, Romania, and other European nations, as well as experts and guests from various sectors. This event provided an invaluable platform for discussing the significant impact of new tax policies, especially from the United States, on Vietnamese businesses operating in Europe.
The program addressed key issues that garnered widespread attention from the business community, including topics such as:
The reaction of Vietnamese businesses to the increase in EU taxes from 7% to 20%
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- Delegates shared their direct impacts and significant consequences from this change, particularly for small and medium-sized enterprises (SMEs) operating in sectors like restaurants, food, import-export, and construction.
The specific impact on businesses: Significant challenges and opportunities
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- Through discussions, Vietnamese businesses in Europe highlighted challenges related to costs, supply chains, and trade barriers caused by the rising tax rates. However, many also viewed this as an opportunity for Vietnamese businesses to adapt and grow stronger in the new landscape.
Strategies and responses to the tax changes
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- Experts and professors provided specific strategies to help Vietnamese businesses in Europe navigate these challenges. These solutions included restructuring supply chains, adjusting production strategies, and exploring new markets within the region.
The impact of a 46% tax rate in Vietnam on domestic businesses
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- The high tax rate in Vietnam was also discussed, with experts analyzing the effects on domestic businesses. However, many believed that this was an opportunity for businesses to become self-reliant and boost domestic production.
Opportunities amidst the crisis: Can Vietnamese businesses stand up on their own?
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- This question, raised during the closing discussions, received various responses from delegates and guests. They explored the potential for Vietnamese businesses to become self-sufficient and leverage the 100-million-strong domestic market to drive growth.
Through this program, VYBE not only provided an overview of the current tax challenges but also helped Vietnamese businesses identify opportunities and strategies for growth in an increasingly globalized and interconnected business environment. Experts emphasized that, while the tax and trade landscape is rapidly changing, if businesses can adapt and innovate, they can overcome the challenges and thrive.
The Talk Show: “The Tax Storm’s Impact on Vietnamese Businesses in Europe” became one of VYBE’s key events, not only for exchanging experiences but also for opening new avenues for the Vietnamese business community to build sustainable growth and expand internationally. This was a prime opportunity for Vietnamese businesses in Europe to explore cooperation, face challenges together, and seize opportunities arising from new tax policies.
With active participation from experts, entrepreneurs, and representatives from many countries, the program created an open forum for discussion, helping businesses develop strategies that align with the rapidly evolving environment.