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Vietnam cuts VAT by 2% till 2026 end

01 Jul '25
1 min read
Vietnam cuts VAT by 2% till 2026 end
Pic: Adobe Stock

Insights

  • Vietnam will reduce its VAT rate to 8 per cent for a range of goods and services.
  • The 2-per cent VAT reduction will take effect from July 1 and continue till December 31, 2026.
  • The reduction will not apply to telecommunications, finance, banking, securities, insurance, real estate, metal products, mineral resources (excluding coal) and items subject to special consumption tax (excluding petrol).
Vietnam will reduce its value-added tax (VAT) rate to 8 per cent for a range of goods and services.

The country’s National Assembly decided that the 2-per cent VAT reduction will take effect from July 1 and continue till December 31, 2026.

The reduction will not apply to telecommunications, finance, banking, securities, insurance, real estate, metal products, mineral resources (excluding coal) and items subject to special consumption tax (excluding petrol), a domestic news agency said.

ALCHEMPro News Desk (DS)
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