The Government has proposed extending the cut in value-added tax from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC reported, citing the World Bank.

Vietnam’s tourism sector served over 6.2 million foreign visitors and 40.5 million domestic tourists in the first four months of this year, earning 271.4 trillion VND (nearly 10.7 billion USD) in revenue, according to the Vietnam National Authority of Tourism.

As a major industrial hub, contributing about 10% of the country's total export value, the southern province of Binh Duong targets becoming a logistics locomotive of the southern region of Vietnam.

Vietnam's import-export revenue reached 238.88 billion USD in the first four months of this year, with trade surplus reaching 8.4 billion USD, according to the General Statistics Office.

Foreign investment disbursement in the first four months of this year reached an estimated US$6.28 billion, marking a record high over the past five years.

Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world.