Businesses in central Nghe An province will be eligible for rent reductions of 30–50% on publicly owned houses and land not used for residential purposes, under a new support policy recently issued by the provincial People’s Committee.
The policy will take effect on November 16, 2026, with eligible businesses receiving support for up to three years. The reduction will depend on the type of business and the criteria it meets.
Eligible beneficiaries include small and medium-sized enterprises (SMEs), covering micro, small and medium-sized businesses, as well as companies engaged in manufacturing and processing raw materials, auxiliary materials, components and spare parts used in finished-product manufacturing.
Innovative start-ups recognised under the Law on Science, Technology and Innovation are also included.
Businesses meeting the general eligibility requirements will receive a 30% reduction in rent for up to three years from the date they become eligible.
The reduction can rise to 50% if a business meets at least one additional priority criterion. These include having converted from a household business within the previous 24 months, employing a high proportion of female workers, or having ethnic minority people or people with disabilities account for at least 30% of its workforce.
The higher reduction also applies to SMEs that are innovative enterprises or operate in supporting industries. Businesses renting public property in communes classified as having particularly difficult socio-economic conditions are likewise eligible for the 50% support rate.
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