From January 01, 2024, several new policies including tax policies shall be applied.

1. VAT reduction policy to June 30, 2024
On December 28, 2023, the Government issued Decree No. 94/2023/ND-CP providing the value-added tax reduction policy, VAT tax reduction policy shall be applied to goods and service groups currently subject to the VAT rate of 10% (to 8%), except the following goods and service groups:
– Telecommunications, finance, banking, securities, insurance, real estate business, metals, precast metal products, mineral products (excluding coal exploitation), coke, refined petroleum, and chemical products.VAT reduction policy to June 30, 2024
– Goods and services liable to excise tax.
– Information technology
By Resolution No. 110/2023/QH15 dated November 29, 2023, the National Assembly approves the VAT reduction policy of 2%.
Accordingly, the Resolution prescribes that:
VAT on goods and services specified in Point a Section 1.1 Clause 1 Article 3 of the National Assembly’s Resolution No. 43/2022/QH15 on fiscal and monetary policies for supporting socio-economic recovery and development program is reduced by 2% from January 01, 2024, to June 30, 2024, inclusively.
Therefore, the VAT reduction policy shall be applied from January 01, 2024, to June 30, 2024.

2. Increase 50% environmental protection tax on petrol, oil, grease
Resolution No. 42/2023/UBTVQH15 takes effect on January 01 2024 applies the reduction of 50% of environmental protection tax rates applicable to petrol, gas, and grease from January 1, 2024, to the end of December 31, 2024, in comparison with the regulations provided in Resolution No. 579/2018/UBTVQH14.
The environmental protection tax on petrol, oil, grease
From January 01, 2025, the environmental protection tax on petrol, oil, and grease is implemented under the regulations prescribed in Section I, Clause 1, Article 1, Resolution No. 579/2018/UBTVQH14.

3. Formally impose the global minimum tax regulations
In accordance with Clause 1, Article 8 of Resolution No. 107/2023/QH15, Vietnam shall formally impose the global minimum tax regulations from the financial year 2024.
Constituent entities of multinational enterprise (MNE) Groups that earn an annual revenue of EUR 750 million or more as stated in the consolidated financial statements of the ultimate parent companies in at least two out of the four fiscal years preceding the fiscal year.
The minimum tax rate is 15%.

4. Deadline for the reduction of registration fee rates applicable to domestically manufactured and assembled automobiles
The Decree No. 41/2023/ND-CP prescribes registration fee rates for automobiles, trailers or semi-trailers pulled by automobiles and vehicles like domestically manufactured and assembled automobiles.
Deadline for the reduction of registration fee rates (Illustration)
From July 01, 2023, through December 31, 2023: The registration fee rates are equal to 50% of those prescribed in the Government’s Decree No. 10/2022/ND-CP of January 15, 2022, on the registration fee.
From January 1, 2024, onward: The registration fee rates shall further comply with the Government’s Decree No. 10/2022/ND-CP of January 15, 2022
Buyers of domestically manufactured and assembled automobiles do not apply to the reduction of registration fee rates.


The Tuyen Quang – Phu Tho expressway construction project, which connects with the Noi Bai – Lao Cai expressway, officially broke ground on February 23, 2021. To date, the project has been almost completed, and it is slated to be inaugurated on December 24, at least two years ahead of schedule.

Delegates cut the ribbon to inaugurate the Tuyen Quang – Phu Tho expressway

Tuyen Quang – Phu Tho expressway project connects with Noi Bai – Lao Cai expressway at IC9 intersection in Phu Tho town, Phu Tho province and the starting point at Luong Vuong commune (Tuyen Quang city). The project is invested in the form of public investment, with a total length of 40.2 km (11.3 km in Tuyen Quang province; 28.9 km in Phu Tho province); total investment of 3,753 billion VND; scale of 4 lanes; Operating speed 90Km/h.

Tuyen Quang – Phu Tho Expressway opens to traffic – Photo: Tuoi Tre online

Leaders from the Ministry of Transport provided an overview of four projects during the occasion. The Central Committee and Politburo’s resolution on socioeconomic development orientations, which ensures national defense and security in the Northern Midlands, Mountains and the Mekong Delta, is what led to the completion and implementation of the projects. Initiatives have a critical role in fostering connections, providing impetus for the advancement of interregional economies, and establishing avenues for future growth.


On December 15, 2023, the People’s Committee of Quang Tri province held the Launching Ceremony of the Quang Tri Airport project, marking the official implementation of the project to complete the next piece of the puzzle in the province’s transportation network.

Delegates pressed the button to start the Quang Tri Airport project

The Quang Tri Airport (CHK) construction investment project was approved by the Prime Minister with a construction investment policy according to the public-private partnership (PPP) method in Decision No. 2148/QD-TTg dated December 20, 2021 with the goal of meeting the increasing demand for air transport, contributing to promoting political, economic and social development; at the same time, ensuring high mobility in defense, as well as in rescue work; ensure national defense – security of the Central region in general and of Quang Tri province in particular; in accordance with transportation development planning and orientation.

Perspective of Quang Tri airport

This is a key location in the Central region, connecting North-South traffic to National Highway 1 – Ho Chi Minh Road and North-South traffic to the East – West Economic Corridor axis through Highway 9 and Lao Bao international border gate, which is an important gateway to attract passengers to the Mekong sub-region into Central Vietnam.

The project has a scale of over 265 hectares with a total investment in 2 phases of 5,833.9 billion VND; invested and built to meet the CHK standard of level 4C (according to the standard code of the International Civil Aviation Organization – ICAO), capable of developing and operating Code E aircraft, allowing the operation of irregular international flights according to the planning in Decision No. 648/QD-TTg dated June 7, 2023 of the Prime Minister (when needed) and level II military airport, meeting the needs of operating up to 5 million passengers/year and 25,500 tons of goods/year.


Recently, Viglacera Corporation – JSC, was honored to receive this title and ranked among “100 Best Workplaces in Vietnam in 2023” and “Top 500 Best Employers in Vietnam in 2023”, based on the survey conducted by Anphabe Company. This is an annual ranking of working environment, sponsored by the Vietnam Chamber of Commerce and Industry (VCCI). The model and evaluation method were verified by Intage Vietnam.

Recognized for nearly 50 years of growth and innovation, with the established strategy, firm progress and bold steps, Viglacera Corporation – JSC, has been growing, and affirmed its pioneering role in the field of building materials production and real estate investment, and quickly established its position, credibility and impressive value.

Viglacera Corporation – JSC has gradually affirmed the leading role and position of first-class enterprises in Vietnam’s building materials industry. Products with Viglacera brand are always defined by high-level market because of their leading consumption orientation and excellent product quality.

With the goal to optimize natural resources, limit the impact of production on the environment to the maximum extent, and establish a “green life” for social communities, Viglacera believes that developing green building materials and green projects is an important part of the long-term sustainable development strategy.

Not only has it achieved many successes in the field of building materials, but Viglacera continues to leave an “impressive” mark in the real estate field of industrial parks, opening up the right path and developing vigorously, making great contributions to the success of Viglacera. Simultaneously, Viglacera also developed urban and housing complexes. Moreover, Viglacera has become a pioneer enterprise in social housing development, contributing to the implementation of the national housing development strategy.

Aiming for being the best workplace in Vietnam and one of the top 500 employers in Vietnam, Viglacera has been committed to establishing a working environment in which employees can give full play to their potential with dedicated leaders and consolidate the core values cultivated over the years. The award is a recognition of the past contributions and efforts of the leaders and employees of Viglacera.

Viglacera is known as the “second hometown” for employees, where there is solidarity and mutual support for who have growth mindset and eager to learn from colleagues, where every member consciously establishes a harmonious atmosphere between people by respecting differences.

Viglacera’s labor principle is to value ability and efficiency, talent and virtue, which effectively creates a driving force for enterprise development. It can be said that people have always been the most concerned factor of Viglacera leaders.

In addition, Viglacera also takes full care of the physical and mental wellbeing of employees, through wage policy, rewards, cultural, entertainment, sports activities, delicious and nutritious meals. Besides, many member companies of Viglacera also build houses to provide accommodation for workers.

As a result of the cultural foundation, Viglacera has a greater competitive advantage, attracting talents to stick with enterprises, creating a unique identity of Viglacera brand, thus creating sustainable development resources for enterprises, being a tool to implement the production strategy of enterprises and creating sustainable stability for enterprises.

Therefore, Viglacera has overcome several difficulties, challenges of severe markets from the subsidy era to the market economy era, integrated into the international economy, and standing a new height, becoming more solid, more dynamic and more innovative.

On the occasion of celebrating its 50th anniversary, up to now, Viglacera Corporation – JSC has been continuously strived to develop and create a “miracle” bearing the mark of Viglacera in the advantageous fields of building materials to real estate, affirming that a powerful Vietnamese brand is developing on the international arena, entitled in the “Top 10 leading brands”, “Top 500 largest enterprises” and “Top 10 best industrial real estate developers in Vietnam”, being a National brand and granted Asia-Pacific International Quality Award…