The government has decided to cut land and water surface rents by 30 per cent for those affected by the Covid-19 pandemic.

Under Resolution No. 07/NQ-CP, dated January 30, beneficiaries include organizations, units, enterprises, households, and individuals who directly lease land from the State under State agency decisions or contracts and make rent payments annually.

Earlier this year, the Ministry of Finance proposed the Prime Minister extend the 30 per cent reduction on land use fees throughout 2023 as part of measures to help businesses and individuals overcome the ongoing difficulties and challenges.

Land rent reductions last year totaled VND3.5 trillion ($149.33 million).