On June 17, 2025, the National Assembly approved a resolution at its 9th session of the 15th tenure, which includes a reduction in the VAT rate.
This VAT reduction will be effective from July 1, 2025, to December 31, 2026.
Compared to previous resolutions, the scope of application for the VAT rate reduction has been expanded, now encompassing additional categories such as information technology services, fabricated metal products, imported and traded coal, coke, refined petroleum, chemical products, and gasoline.
