Vietnam Government

The Government’s estimations indicate that this new revenue stream, once implemented, could increase annual revenues by approximately VND1.2 trillion (US$50 million).

Vietnam's economic growth began to weaken in late 2022 and continued into early 2023, resulting in GDP growth of only 3.32% in the first quarter.

The cut is necessary to help citizens weather inflation and support socioeconomic recovery.

Vietnam aims to have at least two million enterprises by 2030, contributing 60-65% of GDP.

Vietnam will not sacrifice social advancement and equality in the pursuit of mere economic growth.

The Ministry of Public Security has swiftly acted to clamp down on false information over Vingroup Chairman Pham Nhat Vuong, saying it has caused negative impacts on business operations and the stock market.

The interest subsidy scheme is estimated to total VND40 trillion (US$1.76 billion) for the 2022-2023 period.

Once approved by the National Assembly, the cut will take effect on August 1.

The committee’s objective is to assist the Prime Minister in researching and solving critical issues related to the implementation of the socio-economic recovery package.

The Ministry of Finance estimated the total amount of tax relief totals around VND122-125 trillion ($5.26-.54 billion) in 2022.