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reduction

2-per-cent VAT reduction extended to the end of June

2-per-cent VAT reduction extended to the end of June

The National Assembly has approved an extended reduction of value added tax (VAT) from 10 per cent to 8 per cent until the end of June.
Film companies want VAT cut, not an increase

Film companies want VAT cut, not an increase

Businesses in the film industry have proposed a reduction in the value added tax (VAT) from current 5 per cent to 3 per cent in order to promote the development of the industry.
MoF considers withdrawing 50 per cent car registration fee reduction proposal

MoF considers withdrawing 50 per cent car registration fee reduction proposal

The Ministry of Finance (MoF), in the latest submission to the Government, has proposed a plan to consider not reducing registration fees for domestically produced and assembled cars.
Seminar seeks solutions to help Việt Nam achieve net-zero goal

Seminar seeks solutions to help Việt Nam achieve net-zero goal

France is willing to collaborate with Việt Nam to enhance co-operation activities in the field of green development and net emission reduction through the provision of advanced technical solutions, as well as supporting Việt Nam in achieving net-zero emissions.
VAT reduction of 2% for some goods and services expected to continue

VAT reduction of 2% for some goods and services expected to continue

The Ministry of Justice has been looking keeping the reduction in VAT until the end of year, following a draft resolution of the National Assembly on VAT reduction, chaired by Deputy Minister Trần Tiến Dũng.
Project eyes CO2 reduction in Việt Nam

Project eyes CO2 reduction in Việt Nam

Ecotree Group, a sustainable forestry company focusing on carbon removal and biodiversity preservation, will team up with Germany''s NGUYEN GmbH Chau Au to implement a carbon dioxide reduction project in Việt Nam.
Positive investment opportunities in Vietnamese stocks with potential Fed rate reduction

Positive investment opportunities in Vietnamese stocks with potential Fed rate reduction

Due to the impact of COVID-19, Việt Nam''s GDP growth rate reached a low point in the first quarter of 2023 at 3.4 per cent but has shown robust growth in recent quarters.
Local car market reacts to end of fee reduction policy

Local car market reacts to end of fee reduction policy

Several car companies have responded to the changing market conditions by implementing various strategies to stimulate sales.
2% VAT reduction policy extension in H1 2024 is necessary: NA committee

2% VAT reduction policy extension in H1 2024 is necessary: NA committee

Most members of the Finance and Budget Committee in the National Assembly (NA) concurred on the necessity to prolong the 2 percent VAT reduction policy into the first half of 2024.
HP releases report on sustainable impacts

HP releases report on sustainable impacts

Technology company HP Inc reported a reduction in its carbon emissions by 18 per cent since 2019, which takes it closer to its goal of achieving net zero carbon emissions by 2040.
VCCI disagrees with bank ownership ratio reduction

VCCI disagrees with bank ownership ratio reduction

The proposed changes in the ownership ratio have raised concerns in the banking system, as they fear they may hamper economic growth.
Ministry proposes reducing various fees and charges

Ministry proposes reducing various fees and charges

The Ministry of Finance recently drafted and collected opinions on a circular stipulating fee and charge rates to support the people and businesses.
Cut on automobile registration fees to facilitate auto industry

Cut on automobile registration fees to facilitate auto industry

The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.
NAs Finance and Budget Committee supports slashing VAT

NA's Finance and Budget Committee supports slashing VAT

The ministry suggested that the policy, expected to boost the economy, should be applied until December 31.
Government proposes National Assembly consider 2 per cent reduction in VAT in coming meeting

Government proposes National Assembly consider 2 per cent reduction in VAT in coming meeting

According to the Ministry of Finance, if VAT is reduced by 2 per cent for all goods and services within six months, the total tax reduction will be about VND35 trillion (US$1.5 billion) in support of people and businesses to...