- Vietnam extends 2 percent VAT reduction until 31 December 2026
- New VAT rate of 8 percent applies from 1 July 2025
- Resolution No. 204/2025/QH15 passed on 17 June 2025
- Reduction applies to import, manufacturing, processing, and trading
- Excludes telecommunications, finance, banking, securities, insurance, real estate, metal and mineral products, goods under special consumption tax
- Expanded to include logistics, transportation, goods distribution, and IT services
- Expected to reduce state revenue by VND 26.1 trillion
- Government responsible for maintaining budget balance
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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