Gov’t adopts action plan to bolster private economy development

Accordingly, Resolution 139 aims to 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 to December 31, 2025.

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

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

A shift in regulatory philosophy is also on the agenda, with ministries instructed to transition from licensing requirements to self-declaration mechanisms, reinforced by enhanced post-inspection processes. These reforms are expected to 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 to 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 to 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 to submit to 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 to 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 to the investor according to Government regulations. This task must be completed in 2025.

Provinces were required to 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 percent./.