Enterprises agree on a plan to reduce land rent by 30% in 2025

The 30% reduction in land rent in 2025 is one of two options in the Draft Proposal to develop a policy to reduce land rent in 2025 that the Ministry of Finance is developing and consulting with businesses.

Enterprises agree on a plan to reduce land rent by 30% in 2025

The 30% reduction in land rent in 2025 is one of two options in the Draft Proposal to develop a policy to reduce land rent in 2025 that the Ministry of Finance is developing and consulting with businesses.

Sending comments to the Ministry of Finance after consulting with businesses and experts, the Vietnam Federation of Commerce and Industry (VCCI) agreed with option 1, with a 30% reduction in land rent payable in 2025.

From 2021 to 2024, businesses have enjoyed a 30% reduction in land rent payable in the year.

“The land rent reduction of previous years was 30% and is considered reasonable. This reduction helps businesses have more resources to restore production and business but is still controlled within the permitted limits, ensuring that it does not significantly affect the total state budget revenue,” VCCI explained.

It must also be emphasized that the reason for this Proposal is the positive impact on the economy that the land rent reduction policy for the years 2021 to 2024 has brought.

This year, with the Government's determination to achieve an economic growth rate of 8% in 2025, aiming to create momentum for double-digit growth in the 2026-2030 period, VCCI agrees with the Ministry of Finance's plan to develop a policy to reduce land rent in 2025, believing that it will impact economic growth.

Because the private economy currently contributes nearly half of the national GDP and will be the main driving force in economic growth. Thus, there is a need for policies to support businesses to make breakthroughs in production and investment, especially in the context of economic forecasts in 2025 posing many challenges for exports, inflationary pressures and high production material costs due to supply chain disruptions.

The land rent reduction policy will help businesses reduce financial burdens, enhance their ability to respond to global economic risks, thereby contributing significantly to realizing the 8% growth target in 2025.

In the Draft Proposal, the Ministry of Finance is proposing two options for consultation in case of consensus on developing a policy to reduce land rent in 2025.

Option 1 is a 30% reduction in land rent payable in 2025 as prescribed. This level is similar to the land rent reduction policy for 2021, 2022, 2023, and 2024.

Option 2 is a different level proposal.

Source: https://baodautu.vn/doanh-nghiep-dong-thuan-phuong-an-giam-30-tien-thue-dat-nam-2025-d242799.html