The Ministry of Finance estimated that the policy would reduce budget revenue by approximately VND6,700 billion (more than $260 million) over two years.
Discussions focused on finalizing transitional mechanisms for restructuring support funds, clarifying criteria for determining enterprise scale, and overhauling policy implementation frameworks to improve business access and uptake.
The Ministry of Finance has submitted a draft resolution to the Government proposing special mechanisms to resolve tax compliance bottlenecks, including a 30 to 70 percent reduction in late filing penalties and the cancellation of late payment interest for inactive taxpayers through June 30, 2028.
With just 41.18 percent of allocated funds disbursed as of late October, Vietnam faces strong pressure to accelerate spending on science, technology, innovation, and digital transformation in the remaining months of the year.
The $105-million international syndicated green loan arranged by HSBC will assist the Vietnam Electricity's Northern Power Corporation (EVNNPC) in deploying energy storage systems at 70 existing substations, aiming to enhance load demand response capabilities and mitigate the risk of grid overload.