Politics

National Assembly approves bill on support for SMEs

The National Assembly (NA) approved a draft law on support for small- and medium-sized enterprises (SMEs) during the sitting on June 12.
National Assembly approves bill on support for SMEs ảnh 1NA deputies press buttons to vote on the draft law on SMEs support on June 12 (Photo: VNA)

Hanoi (VNA) – The National Assembly (NA) approved adraft law on support for small- and medium-sized enterprises (SMEs) during thesitting on June 12.

As many as 83.5 percent of the NA deputiespresent at the sitting voted for the bill, which comprises four chapters with35 articles.

Before voting, the legislators heard a report onfurther explanations of the draft law. The NA Standing Committee said supportin the draft law is provided based on business sizes. Companies which are setup, operate in accordance with the Enterprise Law, and satisfy SME criteria inthis SME support law will receive assistance.

However, if the bill stipulates support for manytypes of businesses, such as non-public education and training establishmentsand businesses employing the disabled or investing in environmental protection,it will overlap the scope of other laws, the Standing Committee noted.

It added among beneficiary SMEs, the draft law providesgreater assistance to smaller businesses. It included some regulations likeArticle 10 and Article 13 on support for micro and small companies. Concretetax aid will be proposed to the NA for consideration when tax-related laws arerevised, and micro and small enterprises are set to benefit from higher tax aidlevels.

With 88.8 percent of approval votes, theparliament also passed a draft resolution on its supervision programme in 2018.

Accordingly, at its fifth session next year, theNA will look into the Government’s supplementary report on the outcomes of theimplementation of the socio-economic development and state budget plan in 2017,along with a report on the realisation of the socio-economic development andstate budget plan in the first months of 2018.

It will also consider a report on the statebudget balance in 2016 and other reports of relevant agencies.

At the fifth session, the NA is set to carry outquestion-answer sessions and supervise the implementation of policies and lawon managing and using State capital and assets at businesses, as well as theequitisation of State-owned enterprises from 2011 to 2016.

The morning session of the NA on June 12 wasattended by President of the National Assembly of Cuba Esteban Lazo Hernandez,who also delivered a speech at the event.-VNA
VNA
#National Assembly #small- and medium-sized enterprises #SMEs #law on support for SMEs #draft law #supervision programme #National Assembly of Cuba #Vietnam #Vietnamese #Vietnam news #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

More support for SMEs required

More support for SMEs required

Support for small- and medium-sized enterprises is lacking. This makes it hard for SMEs to compete and makes them vulnerable to market changes.
NA deputies debate bill on SME support

NA deputies debate bill on SME support

National Assembly deputies debated the draft bill on supporting small and medium-sized enterprises (SME) during the ongoing third meeting on May 23.
SME support won’t be in cash

SME support won’t be in cash

Support provided to SMEs will not be in cash, but rather take the form of favourable conditions in order for SMEs to grow, said a senior officials from the Ministry of Investment and Planning.
Enterprises to benefit from law supporting SMEs

Enterprises to benefit from law supporting SMEs

How businesses can benefit from the law on supporting small and medium sized enterprises is a concern for the business community, especially in the context of international integration.

See more

General Secretary of the Communist Party of Vietnam Central Committee To Lam (R) hosts Australian Governor-General Sam Mostyn in Hanoi on September 10, 2025. (Photo: VNA)

New impetus for deeper Vietnam–Australia ties

Party General Secretary and State President To Lam's state visit comes as the Vietnam–Australia Comprehensive Strategic Partnership is booming. Leaders expect it will inject new momentum, making ties deeper, more substantive and more effective.

Vice Chairman of the National Assembly Nguyen Doan Anh (standing) presides over the session on August 8. (Photo: VNA)

National Assembly reviews bill on WMD non-proliferation

Most deputies agreed on the need for the law, saying it will help complete the legal framework for implementing Vietnam’s international commitments and proactively prevent, detect and stop the proliferation of nuclear, chemical and biological weapons and related delivery systems.

The ASEAN flag hoisting ceremony held in Hanoi on July 31, 2026 to mark the 59th founding anniversary of ASEAN and the 31st anniversary of Vietnam's accession to the bloc. (Photo published by VNA)

Vietnam to remain active player in shaping ASEAN’s future: minister

Entering a new era of national development with the aspiration of building a strong and prosperous country, the mindset of "growing alongside ASEAN" will guide Vietnam’s more proactive, positive, and substantive contributions to the ASEAN Community and the co-creation of the region’s shared future, noted Minister of Foreign Affairs Le Hoai Trung.

National Assembly Chairman Tran Thanh Man (R) and President of the National Assembly and Speaker of the House of Representatives of Thailand Sophon Zaram in Hanoi during the latter's official visit to Vietnam from August 5-7, 2026. (Photo: VNA)

Thailand's parliamentary leader concludes official visit to Vietnam

Thailand attaches great importance to its Comprehensive Strategic Partnership with Vietnam, and the two countries share a solid foundation of friendship, many common strategic interests and significant potential for cooperation, said President of the National Assembly and Speaker of the House of Representatives of Thailand Sophon Zaram.

Politburo member and Minister of Foreign Affairs Le Hoai Trung speaks at the 33rd Diplomatic Conference's closing session in Hanoi on August 7, 2026. (Photo: VNA)

33rd Diplomatic Conference wraps up in Hanoi

Foreign relations are no longer viewed simply as relations with the outside world but as an integral component of national comprehensive strength and a responsibility shared by the entire Party, people, armed forces and political system.

Lawmakers in a group discussion (Photo: VNA)

Lawmakers seek legal reforms to promote telecom infrastructure data sharing

A deputy of Ha Tinh province said there is currently no clear legal basis for sharing technical infrastructure data. While the issue may be less apparent under normal circumstances, it could hamper local coordination and response during storms, floods and other disasters when detailed infrastructure data is not readily available.

Consuls general of ASEAN countries in Ho Chi Minh City show calligraphy works presented to them at the gathering on August 7. (Photo: VNA)

Get-together celebrates 59th founding anniversary of ASEAN

​Despite differences in history, culture, languages, religions, levels of development, and social conditions, ASEAN member states have chosen to respect one another, build consensus, and pursue shared regional interests. It’s the unity in diversity that has shaped ASEAN’s identity, strength, resilience, and central role in the regional architecture.

Vina Nadjibulla, former Vice President for Research and Strategy at the Asia Pacific Foundation of Canada (Photo; VNA)

33rd Diplomatic Conference: Vietnam's foreign policy wins praise from Canadian expert

Vina Nadjibulla, former Vice President for Research and Strategy at the Asia Pacific Foundation of Canada, credited pragmatic diplomacy with allowing Vietnam to build relationships with a range of partners without becoming overly dependent on any single country. That approach, she noted, has become more relevant as major-power rivalry heats up, the global economy fragments, and pressure mounts on countries to pick sides.

Minister of Agriculture and Environment Trinh Viet Hung speaks at the session (Photo: VNA)

Legislators review bills to streamline administrative procedures in agriculture, environment

Presenting the draft law on amending and supplementing several articles of 10 laws concerning administrative procedures and business conditions in the agriculture and environment sector, Minister of Agriculture and Environment Trinh Viet Hung said it is designed to institutionalise the Party's policy of reducing and simplifying administrative procedures and business conditions, while promoting decentralisation, innovation, and more effective state governance.

General Secretary of the Communist Party of Vietnam (CPV) Central Committee (right) hosts a reception for Australian Governor-General Sam Mostyn in Hanoi during her state visit to Vietnam in September last year (Photo: VNA)

Vietnam, Australia to further strengthen cooperation

The messages posted on Australian Government media platforms highlighted Australia and Vietnam as close regional partners with a long-standing friendship. This will be General Secretary and President Lam’s first visit to Australia since being appointed as President in April and it is also the first in-person meeting between the two leaders.

Lawmakers discuss bills in groups (Photo: VNA)

Lawmakers mull over various bills in group debates

The legislative package includes a draft Law on Urban Development, a bill amending and supplementing several articles of 10 laws that govern administrative procedures and business conditions in agriculture and environment, and the draft Law amending and supplementing several articles of the Law on Radio Frequencies, the Law on Telecommunications, the Law on E-Transactions, and the Law on Technology Transfer.