The Government has proposed a 2-percentage-point reduction in the value-added tax (VAT) for goods and services currently taxed at 10%, lowering the rate to 8%.

VOV.VN - Representatives from the Department of Taxation of Vietnam and the Department of Treasury of the United States discussed several technical issues related to the 2015 Double Taxation Avoidance Agreement between the two countries during a working session in the US on May 13.

VOV.VN - The pepper sector is facing growing challenges despite a surge in export prices, as the US is set to raise tariffs on Vietnamese pepper from the current 10% to between 25% and 30% in the third quarter, according to the Vietnam Pepper and Spice Association (VPSA).

As average income continues to rise, tobacco products have become increasingly affordable and accessible to the community, warned Phan Thi Hai, deputy director of the Tobacco Harm Prevention Fund under the Ministry of Health.

VOV.VN - Amid pressure from the US reciprocal tax policy, Vietnamese textile enterprises are carrying out various solutions to maintain growth momentum and enhance their position in the global supply chain.

Vietnam's manufacturing and processing enterprises are expressing optimism about business prospects in the second quarter of this year, according to the latest survey conducted by the National Statistics Office (GSO) under the Ministry of Finance.

VOV.VN - Prime Minister Pham Minh Chinh has called for thorough preparation for tax negotiations with the US, emphasizing the need for a swift, flexible approach that protects the country’s interests, while also seeing this as a strategic opportunity to restructure Vietnam’s export dynamics.

VOV.VN - Vietnam has proposed to the United States the exemption of taxes on certain groups of agricultural and aquatic products that do not directly compete in the market.

Vietnam and India have great potential for cooperation in the garment and textile sector as the US's new reciprocal tax policy could significantly impact exports of both countries to the US market, according to Bui Trung Thuong, Trade Counselor at the Vietnam Trade Office in India.

VOV.VN - The government of Vietnam has requested that the United States temporarily suspend the imposition of the newly unveiled reciprocal tariff on Vietnamese commodities exported into the United States for 1 to 3 months to allow for negotiations, to ensure fairness and mutual benefit for both sides.