Following the resolution's entry into force, relevant agencies have promulgated documents on its enforcement. Trinh Thi Huong, Deputy Director of the Department of Private and Collective Economic Development, Ministry of Finance, said, "Businesses have immediately benefited from abolishing the business license tax, as they have their market entry costs cut. The three-year exemption of income tax for newly established small and medium-sized enterprises (SMEs) is also being implemented in practice. Recently many localities and businesses have shown interest in this policy."
Resolution 68 also stipulates land incentives. Land in industrial parks, industrial clusters, and incubators is prioritized for allocation to innovative startups, high-tech enterprises, and SMEs. Simultaneously, there is a mechanism to reduce land lease costs, with a potential reduction of up to 30%, based on practical needs and the budgetary balance of each locality. It enables businesses to stabilize production, expand scale, and improve operational efficiency.
Deputy Minister of Finance Nguyen Duc Chi explained the improvement of mechanisms to bolster the private economy, saying "The accompanying policies have been institutionalized, and we have taken steps to ensure that private enterprises can benefit and grow. Private enterprises have access to and participate in major national projects. We strongly encourage businesses to join in, while adopting appropriate mechanisms so that private enterprises can undertake these projects, in line with their most important role as stated in Resolution 68."
The past year has witnessed a significant improvement in the business environment. In the first four months of 2026, Vietnam saw the establishment and resumption of operations of over 119,000 businesses, an increase of nearly 33% compared to the same period last year.
