VAT exemption will not be applicable to low-value imports sent via express delivery services
Subjecting goods valued at less than $39.4 to a 10% VAT rate could increase State budget revenue by over $106 million.
Electronics industry grappling with lack of skilled labor
The workforce in Vietnam’s electronics industry currently stands at over 1 million people but they are mostly involved in labor-intensive, low value-added outsourcing and assembly. The shortage of skilled workers remains a major challenge for the industry.