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Vietnam passes resolution to boost private sector with tax breaks and reduced regulations.
The Vietnamese National Assembly has approved a resolution to boost the private sector through tax breaks, easier access to resources, and fewer inspections.
Small and medium-sized enterprises will be exempt from corporate income tax for three years, while startups and venture capital firms get tax exemptions for two years and a 50% reduction for four years.
The move aims to increase the number of private enterprises to two million and have at least 20 large Vietnamese companies in global value chains by 2030.
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Vietnam aprueba resolución para impulsar el sector privado con exenciones fiscales y regulaciones reducidas.