_____PPM NEWS_____
Vietnam Cuts VAT by 2%
The Vietnamese government has approved a 2% reduction in Value-Added Tax (VAT), lowering the standard rate from 10% to 8%. The measure took effect on July 1, 2025, and will remain in force until December 31, 2026.
The VAT reduction applies to traditional manufacturing, wholesale and retail trade, and technology-related goods and services.
For further inquiries, please contact your nearest PPM office.
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