Hanoi, June 17 -- The 15th National Assembly (NA) voted to pass a resolution on value-added tax (VAT) reduction, and a law amending and supplementing a number of articles of the Law on Enterprises on June 17 morning, part of its ongoing 9th session. The legislature adopted the resolution on VAT reduction with 452 deputies present voting in favour, accounting for 94.56% of the total. According to the resolution, scheduled to be effective from July 1, 2025 to December 31, 2026, the VAT rate will be reduced to 8% from 10% for goods and services specified in Clause 3, Article 9 of the Law on VAT No. 48/2024/QH15, except for the following groups: telecommunications, finance, banking, securities, insurance, real estate, metal products, mineral ...