On the afternoon of February 27, at the Government headquarters, a Government Standing Committee Conference on Working with Vietnamese small and medium enterprises was held with the theme "The State makes, small and medium enterprises make a breakthrough in Vietnam in the new era".
According to the Government Electronic Information Portal, at the Conference, through the opinions of delegates, Minister of Finance Nguyen Van Thang focused on sharing issues that businesses and business associations are interested in.
The first issue is related to tax and fee policies. During the period when the whole world and Vietnam were affected by the COVID-19 epidemic from 2020 to present, the Ministry of Finance has advised, proposed, submitted to the Government and advised the Government to submit to the National Assembly on extending and reducing taxes, fees, charges, and land rents to support businesses and people.
Up to now, the budget allocated to support businesses is about 900,000 billion VND. This is a huge number in the context of a difficult budget.
In 2025, under the direction of the Prime Minister, the Ministry of Finance is continuing to research and propose further policy solutions to support businesses. Many current policies are continuing to be extended.
Regarding the issue of reducing income tax for all small and medium-sized enterprises, Chairman of the Vietnam Association of Small and Medium Enterprises Nguyen Van Than discussed, the Ministry of Finance strongly agreed and supported the policy to support income tax reduction for all subjects of small and medium-sized enterprises.
However, regarding the specific level, the Ministry of Finance will report and advise the Prime Minister and the Government.
Second issue, regarding administrative procedure reform, in 2024, the Ministry of Finance submitted to the Prime Minister to issue many decisions to cut and abolish administrative procedures.
In 2024, 64 administrative procedures were abolished and 54 administrative procedures were amended. In 2025, the Ministry of Finance strives to reduce at least 30% of administrative procedures for businesses.
Another issue is the development of regulations related to the management of digital assets and digital currency.
Currently, the Ministry of Finance is assigned by the Prime Minister to develop a decree to manage digital assets as well as digital assets to support and facilitate those in need, and may have a trading floor to conduct transactions of digital assets and digital assets. The Ministry of Finance is actively implementing this content and will submit it to all levels as soon as possible.
At the Conference, the Ministry of Finance also recommended that, in addition to the majority of small and medium-sized enterprises strictly complying with regulations on tax declaration and payment, there are still some enterprises that do not comply well, still have tax evasion and tax fraud, affecting the reputation and image of small and medium-sized enterprises.
Minister of Finance Nguyen Van Thang suggested that the Vietnam Association of Small and Medium Enterprises continue to strengthen propaganda and disseminate this issue to members.
The tax sector is promoting digitalization in tax declaration and payment, so the Minister of Finance also suggested that small and medium-sized enterprises continue to cooperate and participate, in order to reduce administrative procedures, and together build a transparent business environment.
