The reduction of the rice import tax by the Philippines will create more advantages and increase opportunities for Vietnamese rice to enter the market later this year, insiders said.

The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.

VOV.VN - Prime Minister Pham Minh Chinh has requested that relevant ministries, sectors and localities draw up plans to ensure a sufficient supply of power for business production and people’s daily use this year, especially during the peak season in summer.

VOV.VN - Despite facing global uncertainties, Vietnam's garment and textile industry has set its sights on an export target of US$44 billion this year thanks to efforts made to improve management and promote the application of cutting-edge technology in production, according to industry insiders.

VOV.VN - The Government has requested that the National Assembly extend the value added tax (VAT) cut on a selected number of product and service lines next year in an attempt to support business operations and fuel further market consumption amid economic difficulties.

National Assembly (NA) Chairman Vuong Dinh Hue joined a ribbon-cutting ceremony to kick off a photo exhibition on the five-decade long Vietnam-Bangladesh diplomatic relations in Dhaka on September 21, as part of his official visit to the South Asian nation.

The Ministry of Planning and Investment (MPI) has proposed the government provide further support for Vietnamese small- and medium-sized enterprises (SMEs), including an interest rate reduction of another 2 percentage points per year.

Consumers and producers are happy to see the implementation of the 2% reduction of value-added tax (VAT) for products starting from July 1.

The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax (VAT) in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.

The stock market has reportedly shown positive response to recent interest rate cuts.