The Ministry of Finance (MoF) plans to implement several policies to support the business sector and people, and promote the country's economic growth in 2024, according to Minister Ho Duc Phoc.

VOV.VN - The National Assembly on November 19 approved a resolution to extend the ongoing policy of reducing the value added tax (VAT) on selected lines of products and services from 10% to 8% for another six months till June 30, 2024.

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.

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

VOV.VN - Lawmakers on June 24 approved a resolution on the reduction of the value added tax (VAT) by 2% within six months in an attempt to reboot the economy and stimulate consumption.

VOV.VN - Most members of the National Assembly Standing Committee in their meeting on May 13 agreed with the Government’s proposal to slash the value added tax (VAT) by 2% to 8% but on selected provisions of goods and services.

VOV.VN - The government has agreed in principle to reduce the value added tax (VAT) by 2% to 8%.

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.

Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.

Vietnam will soon disburse at least 50% of the VND350 trillion (US$15.42 billion) economic recovery package, the largest in its history, aiming to reboot the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic.