Vietnam Economic Analysis :
News
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Prof. Dr. Andreas Stoffers
Vietnam must meet the challenge of a Global Minimum Tax
137 countries have agreed on details for tax reform after years of negotiations. Supporters of this global minimum tax (GMT) speak of a historic breakthrough in the fight against tax avoidance. However, there is also criticism. Vietnam is an official partner of the GMT and currently is trying to adapt the new rules in the best possible way to continue to be attractive for FDI.
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Prof. Dr. Andreas Stoffers
Will the VAT reduction in Vietnam achieve its goal? A critical-optimistic analysis
It has been almost two months since Vietnam implemented a VAT reduction from 10% to 8% with Decree No. 15/2022/ND-CP - together with the CIT-Deductions for Companies. The VAT move is a temporary reduction to be applied from 1/2 to 31/12/2022. The objective is to drive the recovery of the economy in the post-Covid19 time.
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Prof. Dr. Andreas Stoffers
Low public debt as recipe for Vietnam’s success and repositioning
Vietnam's public debt has decreased to about 55.0% of GDP by the end of 2020. This sound fiscal policy - together with prudent monetary policy - makes Vietnam fit for the post-Covid 19 crisis era. This paves the way for the country's powerful repositioning.