Government’s action plan tai bet88 bolster private economy development

The Government on May 17 issued Resolution No. 139 approving an action plan tai bet88 implement Resolution No. 198/2025/QH15, dated the same day, of the National Assembly on several special mechanisms and policies tai bet88 promote private economy development.

According tai bet88 the Government News, Resolution 139 aims tai bet88 eliminate unnecessary, overlapping, and inconsistent regulations that hinder private sector development. Ministries are now tasked with conducting a thorough review and streamlining business-related regulations prior tai bet88 December 31, 2025.

tai bet88 ease the regulatory burden, the Government targets tai bet88 abolish all unnecessary administrative procedures; at least 30 per cent of time required for processing administrative procedures, 30 per cent of compliance costs, and 30 per cent of business conditions by the end of 2025.

The Government urged ministries, agencies and localities tai bet88 strengthen digital transformation in handling administrative procedures.

A shift in regulatory philosophy is also on the agenda, with ministries instructed tai bet88 transition from licensing requirements tai bet88 self-declaration mechanisms, reinforced by enhanced post-inspection processes. These reforms are expected tai bet88 be fully implemented during the 2025–2026 period.

Land and infrastructure support

Land access—often a major bottleneck for private enterprises—is also a central focus of the resolution. The Ministry of Agriculture and Environment shall be responsible for reviewing the Land Law; complete the construction of the National Land Database and connect it with the National Data Center and related databases; issue regulations on management, operation and exploitation of the national land database, completing this in 2025.

The Ministry of Finance shall have tai bet88 review and amend Decree No. 35/2022/ND-CP dated May 28, 2022 of the Government regulating the management of industrial parks and economic zones, requiring localities tai bet88 reserve at least 20 hectares/industrial park or 5% of the total land fund high-tech enterprises, small and medium-sized enterprises, and innovative startups, completing this task in 2025.

The Ministry of Finance shall have tai bet88 submit tai bet88 the Government a document guiding the implementation of the policy under which high-tech enterprises in the private economic sector, small and medium enterprises, and innovative startups shall be entitled tai bet88 a minimum reduction of 30 percent of land rental fees within the first 5 years from the date of signing the land rental contract with the investor in the infrastructure business of industrial parks, industrial clusters, and technology incubators. This land rental support amount will be refunded by the State tai bet88 the investor according tai bet88 Government regulations. This task must be completed in 2025.

Provinces were required tai bet88 digitally publish land-use plans, expedite site clearance, and streamline land lease approvals and land-use rights issuance—cutting processing times by at least 30 per cent.