Saigon Co.op is ready to heavily discount goods as soon as VAT is reduced by 2%.

Five product categories including chemicals, fresh food, technological food, fashion apparel and household appliances will all participate in the discount, with an average discount of 22% to 62%, including the total regular discount plus a 2% VAT reduction.

According to Mr. Nguyen Ngoc Thang - Director of Operations of Co.opmart Chain, this is a practical plan responding to the policy of supporting the rapid recovery and development of production and business activities, the growth momentum of a number of important industries and sectors of the state and sharing spending pressure with consumers. At the same time, continuing to respond to the City's "Shopping Season" promotion month.

Specifically, Saigon Co.op 's retail system has prepared more than 2,000 products in the fresh food group, mainly meat and vegetables... reduced by an average of 22%; Technological food including soft drinks, milk... reduced by an average of 32%.

Elegantly designed fashion products… are reduced by an average of 42%; Household items including pots, pans, electric kettles… are reduced by an average of 62%.

Currently, the system is implementing the program "Vietnamese Family - Green Ambassador" with 2,860 products discounted from 28 - 60%, 28,600 discount deals, 286,000 gifts and "Green Ambassador" certificates awarded to families participating in the green journey challenge during the program.

If officially implemented, this will be the second time VAT has been reduced by 2% synchronously from import, production to processing and consumption, which will have a direct effect of helping consumers save money on shopping and stimulating reinvestment in production and business with input of raw materials or repurchasing more consumer goods.

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Source: https://vtc.vn/saigon-co-op-san-sang-giam-gia-manh-hang-hoa-ngay-khi-thue-vat-duoc-giam-2-ar803187.html