Government proposes National Assembly cut VAT to 8% in May

Government proposes National Assembly cut VAT to 8% in May

The government has proposed the National Assembly issue a resolution to reduce value added tax (VAT) from 10% to 8% to support people and businesses.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Government agrees to cut VAT to 8%

Government agrees to cut VAT to 8%

The government has assigned the Ministry of Finance to prepare a proposal seeking the National Assembly's approval to reduce VAT from 10% to 8%.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major retailer Petrolimex to reduce profit target by 10 times

Major retailer Petrolimex to reduce profit target by 10 times

Petrolimex, Vietnam's biggest gasoline retailer by market share, is seeking shareholder approval to reduce its pre-tax profit target in 2022 from VND3,060 billion to VND300 billion ($12.1 million) due to "force majeure".

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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