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Corporate income tax is often considered as a variable in a multivariate foreign direct investment model. In some cases, the impact of the reduction in the rate will result in an increase in estimated investment from overseas. However, there is no correlation between lower rates and higher foreign funding globally.

The GMT rate will enable Vietnam to switch businesses to preferential status to retain overseas investors, while also supporting the development of local SMEs.

Digitalisation is key to Việt Nam's economic recovery and crucial to Vietnamese firms' ability to compete and create value, said policymakers and business experts at a conference yesterday discussing how the country's economic policies can help foster creativity and innovation among the business sector.nbsp;

HANOI (Vietnam News/Asia News Network): Digitalisation is key to Vietnam's economic recovery and crucial to Vietnamese firms' ability to compete and create value, said policymakers and business experts at a conference yesterday discussing how the country's economic policies can help foster creativity and innovation among the business sector.