Vietnamese Government considers extending VAT reduction to mid-2024
The extension will result in individuals' savings in spending and living expenses, potentially stimulating demand and boosting consumption.
17:49, 2022/01/31
Vietnam's VAT rate to shrink to 8% from February 1
A 2% rate cut in the value-added tax (VAT) would cause a decline of VND49.4 trillion (US$2.1 billion in state budget revenue, but is necessary to support socio-economic recovery.