On December 31, 2024, the Government promulgated Decree No.180/2024/ND-CP prescribing value-added tax (VAT) reduction under the Resolution No.174/2024/QH15 dated November 30, 2024 of the National Assembly of Vietnam, which clearly stipulates the goods and services that will continue to have a 2% reduction in VAT from January 1, 2025 to June 30, 2025.