Vietnam Gov’t approves proposal on tax cuts for businesses
The support program is set to take effect in 2021.
The support program is set to take effect in 2021.
The tax cut would benefit businesses with revenue in 2020 of less than VND50 billion (US$2.16 million) and a workforce not exceeding 100 employees.
With greater liquidity, investors would look for markets deemed safe with less negative impacts from the Covid-19 epidemic.
This time, Vietnam’s stock market responded differently compared to the previous two rate cuts with minimal impacts.