Retail Stocks Surge Before Crackdown on Counterfeit Goods and Tax Regulation Tightening

The retail stocks group, including MWG, FRT, and PNJ, is drawing attention as it collectively sees significant gains due to positive support from information related to the crackdown on counterfeit goods and tightening tax regulations. Major brands like Thế Giới Di Động and Bách Hoá Xanh dominate the consumer market with extensive store networks. A report from SSI Research notes that consumers are expected to shift towards modern trade (MT) channels for quality goods, especially as small businesses face stricter tax procedures. Starting in 2025, businesses with revenue over 1 billion VND will no longer benefit from lump-sum tax, and e-commerce platforms will be required to report and pay taxes on behalf of individual sellers. These changes will reduce competitive advantages for businesses not fully declaring taxes, while encouraging consumers to shop at legitimate retailers.