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Vietnam’s VAT cut excludes key sectors such as telecommunications, banking, insurance, real estate, mining (excluding coal), and goods under special consumption tax, maintaining revenue protection for high-value industries.
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The ongoing 2% VAT reduction, aimed at post-COVID recovery, is projected to reduce state budget revenues by VND39.54 trillion in H2 2025 and VND82.2 trillion in 2026.
Source: baochinhphu.vn
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