VAT reduction helps economic recovery
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Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.
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Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.
The National Assembly (N.A.) Standing Committee convened an extraordinary session in Hanoi on August 29 to look into the assignment of tasks and projects under the socio-economic recovery and development program and investments for them.
The National Assembly Standing Committee is scheduled to examine issues related to socio-economic recovery and development projects at an extraordinary session to be held on August 29 afternoon.
The National Assembly Standing Committee is scheduled to examine issues related to socio-economic recovery and development projects at an extraordinary session to be held on August 29 afternoon.
Vietnam's ongoing economic recovery after being negatively affected by the COVID-19 pandemic for two years can be put down to the Government's efforts to create optimal conditions for local businesses to resume normal operations in line with safe pandemic control conditions.
The Government has issued a resolution on socio-economic recovery and development programme, and the implementation of the National Assembly's resolution on fiscal and financial policies in support of the programme.
Prime Minister Pham Minh Chinh chaired a cabinet meeting on the drafting of a socio-economic recovery and development programme on October 24.