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The government is to ask the National Assembly to continue with its current VAT rate of 8 per cent until the year’s end as part of the country’s efforts to assist enterprises currently facing operating obstacles.
Numerous ventures worth hundreds of millions of USD are pouring into Vietnam, promising positive results in foreign investment mobilisation and contributing to economic growth for 2024.
With a long-awaited resolution adopted by the legislature, Vietnam now has a legal framework for applying top-up corporate income tax under a new international system.
Resolution 43/2022/QH15 saw timely and sound policies pave the way to strong recovery for the Vietnamese economy in 2022, as seen in the achievements after one year implementing the resolution.
Many businesses face international disputes during the process of either signing contracts with foreign partners or operating abroad, raising the importance of collaboration with international arbitration centres.