According to a release published by the Vietnam News Agency, the National Assembly approved a resolution on 24 June 2023 that provides for a 2% reduction in the standard VAT rate from 10% to 8% with effect from 11 July to 31 December 2023. The rate reduction was proposed in April 2023 to boost the economy and, although no details are provided in the release, is expected to be in line with the VAT rate reduction provided in 2022, which excluded certain supplies ( previous coverage). Further details on the implementation of the VAT rate reduction will be published once...