On June 17, 2025, Resolution No. 204/2025/QH15, which reduces the Value Added Tax (VAT) rate from 10% to 8% until December 31, 2026, was approved. The aim is to continue boosting production and promoting business activities in the country. 

The 2% VAT reduction, from 10% to 8%, applies to the goods and services specified in Article 9, Clause 3 of the Law on Value Added Tax No. 48/2024/…