Approval on 2% VAT rate cut in 2024 November 30, 2023 On 29 November 2023, the National Assembly approved the Resolutions of the 6th Meeting of National Assembly XV. This includes a VAT rate reduction which will take effect from 1 January 2024 to 30 June 2024. Read our full newsbrief in English Read our full newsbrief in Vietnamese Read our full newsbrief in Chinese