Vietnam to develop policies to adapt to global minimum tax

Panasonic Life Solutions Vietnam - Singapore Industrial Park, Bình Dương Province. Vietnam would adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment. — VNA/VNS

HANOI (Vietnam News/Asia News Network): Vietnam will adjust investment policies to adapt to the global minimum tax rate and remain an attractive destination for investment.

The move comes amid concerns that this measure might undermine the competitive advantage of developing countries in attracting foreign investment through offering tax incentives.