Vietnam Issues New Policies to Support Private Sector Development

Vietnam's National Assembly approved Resolution 198/2025/QH15 on 17 May 2025, introducing measures to support private economic sector development in Vietnam. This was followed by Government Resolution 139/NW-CP to implement the measures, including the following tax measures:

• A corporate income tax exemption for 2 years followed by a 50% reduction for 4 years on income generated from innovative startup activities by innovative startup enterprises, innovative startup investment fund manageme…