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tax cuts

Measures to sustain economic growth for the rest of 2023

Measures to sustain economic growth for the rest of 2023

Tax cuts are one of the most powerful instruments to boost domestic consumption under the current economic conditions.
State budget faces 1.4 billion drop from fuel tax cuts

State budget faces $1.4 billion drop from fuel tax cuts

Measures taken to bring down petrol prices could reduce State budget collection by VND32.5 trillion (US$1.4 billion) this year, according to deputy minister of finance Nguyen Duc Chi.
Bamboo Airways seeks refinancing loan with interest rate of 0%

Bamboo Airways seeks refinancing loan with interest rate of 0%

In a document sent to the Ministry of Transport, the private airline Bamboo Airways proposed a preferential loan and some tax cuts to overcome the COVID-19 crisis.
Earnings key for firms to enjoy tax cut: deputies

Earnings key for firms to enjoy tax cut: deputies

Corporate income tax rate will be cut by 30 per cent for the firm, which has total revenue of maximum VND50 billion (US$2.61 million) in 2020
Tax cut proposed on cement export

Tax cut proposed on cement export

The Ministry of Planning and Investment (MPI) has proposed export tax cuts on cement while local producers are struggling with high stockpiles as supply has exceeded demand in the domestic market.
Automobile firms co-operate to protect domestic market share

Automobile firms co-operate to protect domestic market share

Eight automobile and mechanical firms plan to set up a "automobile board" in order to protect domestic producers in anticipation of 2015 tax cuts on imported vehicles.