National Assembly Passes Resolution on Mechanisms and Policies for Private Economic Development

On the morning of May 17, with 429 out of 434 deputies present voting in favor, the National Assembly passed a resolution on several special mechanisms and policies aimed at promoting the development of the private economy.

Tax and Fee Support:Startups and innovative venture capital fund management companies will be exempt from corporate income tax for two years, and enjoy a 50% tax reduction for the following four years on income derived from innovative startup activities.

Small and medium-sized enterprises (SMEs) will be exempt from corporate income tax for three years from the date of issuance of their initial business registration certificate.

Experts and scientists working at development research centers, startups, and intermediary organizations that support innovative startups will be exempt from personal income tax for the first two years, and will receive a 50% reduction for the subsequent four years on income from salaries and wages.

See full details of the Resolution here!

RSM Hà Nội_NQ 198.2025_TOÀN BỘ CHÍNH SÁCH ĐẶC BIỆT PHÁT TRIỂN KINH TẾ TƯ NHÂN TỪ NGÀY 1752

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