SUPPORT THE INTEREST RATE (2%/YEAR) OF UP TO VND 40 THOUSAND BILLION FOR IMPORTANT SECTORS AND FIELDS
This is a highlight content in the Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies supporting socio-economic recovery and development program.
In 2022, reducing 2% of value-added tax (VAT) in 2022, applicable to groups of goods and services currently subject to 10% VAT (remaining 8%), except for the following groups of goods and services: telecommunication, information technology, financial activities, banking activities, securities, insurance, trading of real estate, metal, precast metal products, mining products (excluding coal mining), coke mining, refined oil, chemical products, goods and services subject to excise tax.
In addition, supporting the interest rate (2%/year) of up to VND 40 thousand billion through the system of commercial banks for important sectors and fields, enterprises, cooperatives, and business households capable of repaying debt and recovering; granting loan for renovating old apartment buildings, building social houses and houses for purchase, rent, and lease purchase of workers. Also, granting the charter capital of up to VND 300 billion to the Tourism Development Assistance Fund.
Particularly, utilizing up to VND 46 thousand billion from other legal financial sources to import vaccines, medicine, and medical equipment and supplies for COVID-19 prevention and control when necessary; continuing to restructure debt repayment term and maintaining debt category, exempting and reducing interest for debtors affected by the COVID-19 pandemic; etc.
The Resolution takes effect from the signing date.
