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Official Gazette

Tuesday, October 22, 2019
Tags: SMEs
Draft scheme on national digital transformation proposed Draft scheme on national digital transformation proposed
By 2025, Vietnam would be ranked among top 4 ASEAN countries regarding national digitization and make a breakthrough transformation toward a digital country with a vision to 2030. It is one of the targets set in a draft scheme on national digital transformation prepared by the Ministry of Information and Communications.
New rule paves way for SME development New rule paves way for SME development
With a view to strengthening the capacity of small- and medium-sized enterprises (SMEs), the Government on May 10 issued Decree 39, prescribing the establishment and operation of the SME Development Fund.
Prime Minister Directive affirms sustainable development goals in national strategies Prime Minister Directive affirms sustainable development goals in national strategies
Prime Minister Nguyen Xuan Phuc on May 20 signed Directive 13/CT-TTg on sustainable development, asserting that sustainable development is a consistent policy of the Party and State of Vietnam.
Finance ministry proposes cutting CIT for SMEs Finance ministry proposes cutting CIT for SMEs
The Ministry of Finance (MOF) has recently proposed reducing corporate income tax (CIT) rates for small- and medium-sized enterprises (SMEs) to 15-17 percent from the current 20 percent.
Ministry proposes lowering CIT for SMEs Ministry proposes lowering CIT for SMEs
The Ministry of Finance has proposed cutting corporate income tax rates on small and micro businesses from the current 20 per cent to 15-17 per cent.
Vietnam looks to expand cooperation with Germany Vietnam looks to expand cooperation with Germany
Vietnam wants to enhance cooperation with Germany, hoping the European nation will provide support in developing small- and medium-sized enterprises, digital technology, and boosting startup development and innovation, Prime Minister Nguyen Xuan Phuc told visiting German Minister for Economic Affairs and Energy Peter Altmaier.
New law expected to boost development of SMEs New law expected to boost development of SMEs
The Law on Small- and Medium-Sized Enterprises was passed by the National Assembly last year in a hope to facilitate the formulation of comprehensive support policies and programs for these subjects. This article highlights novel points of the Law.
Dispute resolution mechanisms under Vietnamese law and EVFTA Dispute resolution mechanisms under Vietnamese law and EVFTA
The legislative basis for mediation is noted to improve and countries, such as Vietnam, have pursued mediation reforms as a response to contemporary demands.
Lower corporate income tax expected to benefit micro enterprises Lower corporate income tax expected to benefit micro enterprises
An official of the Vietnam Association of Small and Medium-Sized Enterprises has recently suggested comprehensive acts to be taken to remove difficulties for enterprises, including adopting a more effective corporate income tax reduction policy.
Law on Support for Small- and Medium-sized Enterprises Law on Support for Small- and Medium-sized Enterprises
The Law on Support for Small- and Medium-sized Enterprises, which is the first of its kind in Vietnam, will enter into force on January 1 next year.

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