Approval to extend the 2% VAT rate reduction through the end of 2026​

18 June, 2025

On June 17, 2025, the National Assembly approved the resolution from the 9th Meeting of the XV National Assembly, which includes a reduction in the VAT rate. This reduction will be in effect from July 1, 2025, to December 31, 2026.​

In comparison to earlier resolutions, the scope of the VAT rate reduction has been broadened to include additional categories such as IT services, prefabricated metal products, coal at the importation and trading stages, coke, refined petroleum, chemical products, and gasoline.

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Get in touch

Giang Bao Chau

Partner, Tax and Legal Services, PwC Vietnam

Tel: +84 28 3823 0796

Nguyen Huong Giang

Partner, Tax and Legal Services, PwC Vietnam

Tel: +84 24 3946 2246

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