- Resolution 72/2024 issued by the Government reduces VAT by 2% for certain goods and services
- Reduction in tax applies to items such as telecommunications, information technology, financial activities, real estate, and special consumption tax products
- Expert Nguyen Van Phung believes that the tax reduction will stimulate the economy and increase consumer demand
- Retail sales and service revenue have increased by 8.6% compared to the same period last year
- The tax reduction is seen as a boost for businesses and consumer demand, in line with Government Resolution 93 to promote economic activities
Source: media.chinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
