Vietnam is pursuing an expansionary fiscal policy, which includes tax reductions for businesses and extensions on tax and land rent payments to stimulate development.
Under the resolution, private economy is defined as the most important driver of the national economy and the pioneering force in science and technology development, innovation and digital transformation.
Under the new resolution, investment and business legislation will be finalized by 2028, contributing to positioning Vietnam's investment environment among the top three in ASEAN.
Resolution No.57-NQ/TW, signed by Party General Secretary To Lam on December 22, considers science and technology, innovation and digital transformation as the decisive factor for development.