The Vietnam government has submitted a tax relief package in the National Assembly that is meant to support growth and recovery from the effects of the COVID-19 pandemic. Measures of the package include:

• Reduction in the VAT rate from 10% to 8%;
• 50% reduction in the environmental protection tax;
• 30% reduction in land use fees; and
• 50% reduction in registration fees for cars assembled in Vietnam.

The package was discussed during the first extraordinary session of the 15th National Assembly on 4 January 2022. Further details on the package and its implementation will be published once available.