The Vietnamese government is set to launch a financial package worth 11 trillion won to support economic recovery and businesses. The package includes tax reductions and fiscal policies based on digital transformation, with a cumulative support of 900 trillion dong from 2020 to 2024. Measures include a reduction in value-added tax (VAT) by 2% until June 2025, exemption of automobile registration tax for battery electric vehicles until February 2027, and reductions in import and export taxes to support the automobile industry until the end of 2027.
Original Article: Read More
Auto-posted at: 2025-05-05 21:05:31