Hanoi, May 28 -- Lawmakers discuss a resolution of the National Assembly (NA) on a 2% VAT reduction to support economic recovery during discussions at the hall on May 28 as part of the 15th NA's 9th session.

The resolution aims to stimulate consumption in line with the current economic context, thus supporting citizens and businesses; boosting production, trade, tourism, and domestic consumption, thereby contributing to the State budget and the national economy, towards implementing the five-year socio-economic development plan in 2021-2025, annual development goals, and the economic restructuring plan in 2021 - 2025; and creating momentum for economic growth in the next five years.

Accordingly, a 2% VAT reduction will be applied to goo...