- Vietnam aims to extend a 2 percentage point VAT cut until the end of 2026 to boost economic growth
- Finance Minister Nguyen Van Thang submitted the extension plan to parliament for approval
- The VAT cut is intended to support families, businesses, manufacturing, tourism, and domestic consumption
- The extension would result in 121.74 trillion dong in foregone revenue
Source: reuters.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.
