If a Global Minimum Tax comes into force in all OECD member states from the start of 2024, and Vietnam has a top-up tax in place, the country could benefit to the tune of US$600 million in increased tax revenue a government report has found, The Investor is reporting.

In October, it was announced that GMT legislation would not come before the current sitting of the National Assembly because alternative support policies were incomplete. It was then announced last week that there had been a change of plans and said legislation would come before the National Assembly afterall.

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