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VAT reduction

Inflation forecast at 3.5 per cent, policy caution urged amid growth pressures

Inflation forecast at 3.5 per cent, policy caution urged amid growth pressures

Inflation in 2026 is forecast to edge up to 3.5 per cent, still below the National Assembly’s target, though double-digit growth and exchange rate pressures will demand cautious policies, experts said in Hà Nội on Monday.
Ministries step up price controls ahead of Tết

Ministries step up price controls ahead of Tết

The Ministry of Finance has asked price management to be enhanced ahead Tết (Lunar New Yeat) to prevent abnormal fluctuations during the peak holiday period.
CPI rises slightly in August

CPI rises slightly in August

Prices of eight groups of goods and services raised last month, while three groups declined compared to the previous month.
NA deputies support extending VAT reduction until end of 2026

NA deputies support extending VAT reduction until end of 2026

Many National Assembly (NA) deputies during discussions on May 21 voiced support for the Government''s proposal to extend the two per cent value-added tax (VAT) reduction through to the end of 2026. 
Government proposes 2% VAT reduction on select goods and services until 2026

Government proposes 2% VAT reduction on select goods and services until 2026

The proposal, which recommends maintaining this VAT reduction until December 31, 2026, was presented by Minister of Finance Nguyễn Văn Thắng during the ongoing National Assembly (NA) session.
January CPI up 0.98 per cent

January CPI up 0.98 per cent

Such factors as adjusted healthcare fees, and higher transportation costs and food prices led to a 0.98 per cent rise in the Consumer Price Index (CPI) in January.
Film companies want VAT cut, not an increase

Film companies want VAT cut, not an increase

Businesses in the film industry have proposed a reduction in the value added tax (VAT) from current 5 per cent to 3 per cent in order to promote the development of the industry.
VAT reduction of 2% for some goods and services expected to continue

VAT reduction of 2% for some goods and services expected to continue

The Ministry of Justice has been looking keeping the reduction in VAT until the end of year, following a draft resolution of the National Assembly on VAT reduction, chaired by Deputy Minister Trần Tiến Dũng.
2% VAT reduction policy extension in H1 2024 is necessary: NA committee

2% VAT reduction policy extension in H1 2024 is necessary: NA committee

Most members of the Finance and Budget Committee in the National Assembly (NA) concurred on the necessity to prolong the 2 percent VAT reduction policy into the first half of 2024.
NAs Finance and Budget Committee supports slashing VAT

NA's Finance and Budget Committee supports slashing VAT

The ministry suggested that the policy, expected to boost the economy, should be applied until December 31.
Government proposes National Assembly consider 2 per cent reduction in VAT in coming meeting

Government proposes National Assembly consider 2 per cent reduction in VAT in coming meeting

According to the Ministry of Finance, if VAT is reduced by 2 per cent for all goods and services within six months, the total tax reduction will be about VND35 trillion (US$1.5 billion) in support of people and businesses to...
Govt agrees with 2 per cent VAT reduction proposal

Gov’t agrees with 2 per cent VAT reduction proposal

Vietnamese Government has agreed in principle with the Ministry of Finance’s proposal of reducing value added tax (VAT) from 10 per cent to 8 per cent.
MoF proposes VAT reduction to 8% to boost economy

MoF proposes VAT reduction to 8% to boost economy

Businesses have been long asking for additional support from the government to help speed up economic recovery and to cope with recent difficulties.
VAT reduction: impacts and problems in execution

VAT reduction: impacts and problems in execution

Viet Nam’s Government slashed the value-added tax (VAT) rate from 10 to 8 per cent earlier this month – a move that cost the State budget VND49.4 trillion (US$2.2 billion) but, along with other support, is expected to help boost...
Businesses seek tax reduction to foster recovery after pandemic

Businesses seek tax reduction to foster recovery after pandemic

The COVID-19 pandemic is a huge challenge for businesses irrespective of sector and size in all regions and countries, including Viet Nam.