Resolution 204/2025/QH15 on value-added tax reduction

RESOLUTION

On value-added tax reduction

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THE NATIONAL ASSEMBLY

Pursuant to the Constitution of the Socialist Republic of Vietnam, which had a number of articles amended and supplemented under Resolution No. 203/2025/QH15;

Pursuant to the Law on Organization of the National Assembly No. 57/2014/QH13, which had a number of articles amended and supplemented under Law No. 65/2020/QH14 and Law No. 62/2025/QH15;

Pursuant to the Law on Value-Added Tax No. 48/2024/QH15;

Pursuant to Law on Promulgation of Legal Documents No. 64/2025/QH15;

RESOLVES:

Article 1. Scope of application

1. To reduce the value-added tax rate by 2% for the groups of goods and services specified in Clause 3, Article 9 of the Law on Value-Added Tax No. 48/2024/QH15 (resulting in a rate of 8%), except for the following goods and service groups: Telecommunications, finance, banking, securities, insurance, real estate business, metal products, products from mining (excluding coal), and goods and services subject to excise tax (excluding gasoline).

2. The Government shall detail Clause 1 of this Article.

Article 2. Effect

This Resolution takes effect from July 1, 2025, to the end of December 31, 2026.

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This Resolution was adopted on June 17, 2025, by the XV^th National Assembly of the Socialist Republic of Vietnam at its 9^th session.

Chairman of the National Assembly

TRAN THANH MAN