According to a release from the Vietnam News Agency, the National Assembly approved a resolution on 17 June 2025 to extend the reduction in the VAT rate from 10% to 8% for a number of goods and services until 31 December 2026. The reduction is similar to prior VAT reductions, the most recent of which applies from 1 January to 30 June 2025. The reduction generally applies for goods and services normally subject to the standard 10% VAT rate, except for certain specified supplies, including tel…