The Vietnam government has published Decree No. 44/2023/ND-CP of 30 June 2023, which provides for the implementation of VAT rate reduction approved by the National Assembly approved on 24 June 2023. In particular, the decree provides for a reduction in the VAT rate to 8% for goods and services normally subject to the standard 10% VAT rate, except for: Telecommunications, financial activities, banking, securities, insurance, real estate trading, metals and prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, and chemical products (Detailed list provided in Appendix I of the Decree); Products, goods, and services subject to excise...