Hanoi, March 31 -- The Ministry of Finance (MoF) has proposed a 2% reduction in value-added tax (VAT) from July 1, 2025 to December 31, 2026, expanding eligibility to include fuel, petroleum, and certain technology products and services. Experts have believed the measure will stimulate consumption, support businesses, and drive economic growth. Expanded tax reduction scope The MoF has sought feedback from government agencies, sectors and local authorities for a draft National Assembly resolution on the VAT reduction. The proposed cut would apply to goods and services currently subject to a 10% VAT rate, lowering it to 8%, except for sectors such as telecommunications, finance, banking, insurance, real estate, metals, and mining (excluding...