Workshop on global minimum tax rate and Vietnam's policy recommendations

President of VUSTA Dr. Sc. Phan Xuan Dung gave the opening speech

President of VUSTA, Dr. Sc. Phan Xuan Dung and Chairman of the Council of Professors of Economics, National Monetary and Financial Policy Advisory Council Tran Tho Dat attended and co-chaired the workshop.

Speaking at the opening of the seminar, President Phan Xuan Dung emphasized that in recent years, with the function of social consultancy and evaluation, the Vietnam Union of Science and technology Associations and scientists of its member associations and affiliated Science & Technology organizations have contributed and consulted hundreds of important draft documents of the Party,  law projects of the National Assembly, draft decrees of the Government or draft circulars of ministries, industries. These results praised and appreciated by the Party and State for efforts of scientists, intellectuals in member associations and organizations under VUSTA. Recently, discussions related to the application of global minimum tax have become an emerging issue on business forums in Vietnam.

President Phan Xuan Dung welcomed the leadership of the Institute for Policy Management and Development Strategies, although the Institute has just been established, it has proactively proposed initiatives to advise the Government on global minimum tax rate impact assessment and policy recommendations for Vietnam. This also shows that the policy of gathering and uniting intellectuals through allowing the formation of research institutes in VUSTA system is an appropriate policy in accordance with the direction of our Party such as Directive 42 and Resolution 27 which plays as a platform for intellectuals, including young intellectuals with passion for research making positive contributions to major decisions of the Party and the State.

President Phan Xuan Dung highly appreciated the initiatives and efforts of scientists from the Institute of Policy Management and Development Strategy to contribute partly to advise competent agencies in order to make the most beneficial decisions for the country. It is hoped that the Institute team in the coming time will have more scientifically valuable researches, actively providing arguments, data, information... in order to contribute more actively to important policies of the Party and the State, contributing to the construction and development of VUSTA.

Spoken by Presidentof the Council of Professors of Economics, National Monetary and Financial Policy Advisory Council Tran Tho Dat.

According to the Project Management Unit, the report consists of 44 pages, divided into 2 parts of the research report and the recommendation report on "Assessing the impact of the global minimum tax rate on countries and policy recommendations for Vietnam" will be sent to the Government and the National Monetary and Financial Policy Advisory Council, Council of Professors of Economics, Ministry of Planning and Investment, Ministry of Finance.

The report is carried out in 3 stages:

Phase 1: Global minimum tax rate policy impact assessment report on countries and policy recommendations for Vietnam;

Phase 2: Proposing solutions for scientific-entrepreneurial linkage in the research and policy communication ecosystem "Vietnam Development Strategy" to actively research and submit a target report to enhance community opinions on the project "Research on policy responses of some countries in the world on global minimum tax and lessons experience with Vietnam" that the Ministry of Finance is presiding over for submission to the Prime Minister;

Phase 3: Development and research strategy in Vietnam's guidelines and policies to actively participate in the global minimum tax rate.

Participants attending the workshop