Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.

Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

The Party Committee of the Government was tasked with developing a set of exceptional policies and mechanisms to be submitted to the National Assembly for approval during its ongoing 9th session.

Lawmakers consider special mechanisms, policies for Hai Phong city

Standard Chartered has worked closely with multinational corporations to promote investment activities in Vietnam and is committed to supporting the country in developing international financial centres.