On the morning of May 16, the National Assembly discussed in the hall the draft Resolution of the National Assembly on mechanisms and policies for private economic development.
At the end of the discussion session, Minister of Finance Nguyen Van Thang spoke to explain and clarify a number of issues raised by National Assembly deputies.
Regarding preferential tax and fee policies based on nurturing revenue sources, according to the leader of the Ministry of Finance, revenue may be reduced but businesses have the opportunity to produce and do business, contributing more to the state budget and development.
Accordingly, in a short time, revenue may decrease, but in the long term, these policies help businesses have more resources and contribute more to the budget.
Minister of Finance Nguyen Van Thang said that many policies of outstanding concern to business households and individuals are stipulated in the draft resolution. Some contents are being regulated in other laws and resolutions such as inspection, examination, settlement of bankruptcies, and handling of violations.
Regarding the removal of contract tax for business households from January 1, 2026, many delegates were concerned that it would create a burden of compliance when they had to declare and register taxes, but the Minister affirmed that this was a correct policy, creating equality, and encouraging business households to convert to businesses.
The Ministry of Finance is piloting this policy in a number of areas, finding that this policy is effective and needs to be officially implemented soon.
The Ministry is also directing tax authorities, instructing business households to register and declare taxes, increasing the application of technology and physical infrastructure to reduce the cost burden, and encouraging business households to convert.
Regarding the policy of supporting enterprises to invest in infrastructure, the Minister said that the draft Resolution stipulates that after 2 years, if the industrial park does not have enterprises in the private sector, innovation, or start-ups, investors can lease them to other enterprises.
Normally, it takes a few years for an industrial park to be filled, so 2 years is usually the time for the investor to complete the infrastructure in the industrial park.
The State has a policy to support leased subjects, such as reducing land rent by at least 30%. The State also backs investors in industrial park infrastructure by deducting land rent. Thus, the risks for infrastructure businesses are almost very small if any.
Regarding the regulation on inspecting and examining businesses at most once a year, except in cases with clear signs of violations, the Minister explained; this is aimed at reducing direct inspection and examination, strongly shifting from pre-inspection to post-inspection.
"This does not reduce the effectiveness of State management, does not hinder the operations of enterprises or limits inspection and examination," Minister Nguyen Van Thang emphasized.
According to the Minister, in case the enterprise shows signs of violation, the agencies still have the right to conduct surprise inspections and checks.
"We will absorb and complete the draft resolution to make it practical, feasible and unify current regulations," said Mr. Nguyen Van Thang.
