The Ministry of Finance has proposed, in the draft Law on Development of Small and Medium-sized Enterprises, a three-year exemption from corporate income tax starting from the date a business is first issued its business registration certificate, as firms often invest heavily in this period while revenue and profit remain unstable. The policy is expected to let businesses retain earnings for reinvestment and expansion. The draft also proposes lower-than-standard corporate income tax rates for micro and small enterprises, simpler tax and accounting procedures for micro enterprises, and support for access to capital, technology, digital transformation and markets. National Assembly deputy Nguyen Van Huy urged careful consideration, with clearer targeting, conditions, and measures against splitting firms to claim benefits, while economist Nguyen Tri Hieu said the outcome depends on whether firms reinvest the savings.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Miễn 3 năm thuế thu nhập cho doanh nghiệp nhỏ và vừa:Giảm gánh nặng chi phí, gia tăng sức cạnh tranh
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/16/2026 | 1,705.91 |
| Change that session | +0.45% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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