National Assembly discusses mechanisms and policies for private economic development

The draft resolution consists of 7 chapters and 17 articles stipulating a number of specific mechanisms and policies, especially for private economic development; applicable to enterprises, business households, business individuals and other relevant organizations and individuals.

According to the draft resolution, the number of inspections for each enterprise, business household, or individual business (if any) must not exceed once a year, except in cases where there are clear signs of violations.

In addition, the number of inspections at enterprises, business households, and business individuals (if any), including inter-sectoral inspections, for each enterprise, business household, or business individual must not exceed once a year, except in cases where there are clear signs of violations.

The Government proposes that enterprises in the private economic sector, business households, and individual businesses receive State interest rate support of 2%/year when borrowing capital to implement green, circular projects and apply the environmental, social, and governance (ESG) standards framework.

9th session, 15th National Assembly (Photo: Pham Thang).

The draft resolution stipulates a 2-year corporate income tax exemption and a 50% reduction in tax payable for the next 4 years for income from innovative startup activities of innovative startups, startup investment fund management companies, and intermediary organizations supporting startups and innovation.

At the same time, the Government proposed to exempt personal income tax for 2 years and reduce 50% of tax payable for the next 4 years for income from salaries and wages of experts and scientists received from innovative startups, research and development centers, innovation centers, and intermediary organizations supporting innovative startups.

The draft resolution also stipulates corporate income tax exemption for small and medium enterprises for 3 years from the date of being granted the first business registration certificate.

According to the draft resolution, the State expands the participation of enterprises in the private economic sector in key projects of great significance to socio-economic development, important national projects through direct investment or investment in the form of public-private partnership or cooperation models between the State and the private sector in accordance with the provisions of law.

The Government also proposes that competent persons and investors may choose to apply one of the forms of ordering or limited bidding or designated bidding or other appropriate forms as prescribed by law to implement strategic fields, key and important national scientific research projects and tasks.

These include projects on high-speed railways, urban railways, platform industries, spearhead industries, energy infrastructure, digital infrastructure, green transport, national defense, security and urgent, pressing tasks on the basis of ensuring publicity, transparency, quality, progress, efficiency and accountability, according to the draft resolution.

Regarding support for the formation of medium and large enterprises and pioneering enterprises, the draft resolution stipulates two policies for this group of enterprises, including ordering, limited bidding, and designated bidding to implement key projects of great significance to socio-economic development and national importance.

In addition, support the formation and development of medium and large enterprises and private economic groups of regional and global stature, as proposed by the Government.

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Source: https://dantri.com.vn/xa-hoi/quoc-hoi-thao-luan-ve-co-che-chinh-sach-phat-trien-kinh-te-tu-nhan-20250515205032968.htm