The Vietnam Ministry of Finance has published a one-year review of Resolution 68 on private sector development, presenting a broad package of legal, administrative and financing reforms to reduce business barriers and expand support for private firms and household businesses. The report highlights that 11 government resolutions issued in April and May 2026 will cut conditional investment and business lines from 198 to 142 from 1 July 2026, while ministries had by 15 April 2026 simplified 292 administrative procedures, 1,640 business procedures and 2,594 of 6,974 business conditions. The review points to wider legal changes including revised corporate income tax, personal income tax and tax administration laws, a new recovery and bankruptcy law, and a pilot framework for issuance, trading and services for cryptoassets. It also cites land support rules under which provinces may fund part of the infrastructure cost of industrial parks, clusters and technology incubators, with supported sites required to reserve at least 20 hectares or 5% of industrial land and give eligible private sector tenants at least a 30% rent discount for the first five years. On financing, the State Bank of Vietnam has directed banks to prioritise private sector lending and expand cash flow based lending and the acceptance of intangible and future assets as collateral. Outstanding credit to small and medium-sized enterprises reached more than VND 3.65 quadrillion at end 2025, up 21.73% from end 2024. Tax digitisation for household businesses also accelerated, with 2,484,144 using eTax Mobile as of 2 May 2026 and more than 303,000 registered to use e-invoices generated from cash registers as of 30 April 2026. For 2026, the report says the government will focus on executing approved simplification plans, revising the support framework for small and medium-sized enterprises and household businesses, completing rules for the SME Development Fund and the corporate bond framework, and considering decrees for a 2% a year interest subsidy on green, circular economy and ESG loans. The ministry has also put into operation a real-time monitoring system for Resolution 68 across ministries and provinces.
Ministry of Finance (Vietnam)2026-05-30
Vietnam Ministry of Finance reports one year of private sector reforms with conditional business lines to fall from 198 to 142
Vietnam’s Ministry of Finance has issued a one-year review of Resolution 68 on private sector development, detailing legal, administrative and financing reforms to reduce business barriers and expand support for private firms and household businesses. The review highlights cuts to conditional investment and business lines, simplification of procedures and conditions, expanded credit and collateral frameworks for SMEs, and accelerated tax digitisation for household businesses. In 2026, the government will prioritise implementing simplification plans, revising support frameworks, finalising rules for the SME Development Fund and corporate bonds, and considering decrees for a 2% annual interest subsidy on green, circular economy and ESG loans, backed by a new real-time monitoring system.