Viet Nam is unlikely to reach its target of one million enterprises with efficient operation by 2020, according to a draft report recently issued by the Ministry of Planning and Investment (MPI).
Viet Nam’s business had improved remarkably over the past five years since the Government took action to cut conditions and raise national competitiveness, however, it had not yet reached its targets.
The Bank for Investment and Development of Vietnam (BIDV) will cut
lending interest rate for prioritised sectors from October 18 to support
businesses.
The Ministry of Finance is drafting a proposal on corporate income tax
applicable for small and medium-sized enterprises (SMEs) in the next
five years.
