HÀ NỘI — A series of new economic policies will take effect on September 1, spanning various sectors including supporting industries, creative start-ups, higher education, cross-border trade and finance and banking.

These significant adjustments aim to encourage innovation, expand capital sources and strengthen financial system safety and transparency in management.

Decree 205/2025/NĐ-CP amends Decree 111 from 2015 to expand the scope of beneficiaries in supporting industries to include enterprises producing components, parts and materials. 

Research and development projects will be exempt from or receive reductions in land rental fees, with support for investments in equipment, along with 50-70 per cent funding for research, training, technology transfer, product testing and market promotion.

Additionally, the decree includes legal, environmental and consultancy support for mergers and acquisitions, and encourages the establishment of technical centres to help enterprises increase capacity and engage more deeply in global supply chains.

For creative start-ups, Decree 210 takes effect next month and expands mechanisms allowing funds to raise capital from two to 30 investors, contributing with money, land, intellectual property, technology or other legal assets. 

In addition to direct capital contribution, funds can invest through stock options or convertible instruments, and are also allowed to deposit funds or purchase certificates of deposit with idle capital. This new regulation will provide start-ups with better and more diversified access to capital early on.

Meanwhile, Decree 211 tightens control over the business and trade of cryptographic products and services. Violations may face fines of up to VNĐ180 million, licence revocation or mandatory re-export. These rules aime at safeguarding national security and preventing abuse of encryption technology. — BIZHUB/VNS