Aimed at promoting transparency and easing burdens for businesses, Vietnam's government proposes a revised decree to address complexities in land use fees and rental policies.

As of the end of September, businesses had been granted extensions on the payment of more than VND78.5 trillion ($3.45 billion) in land leasing fees and taxes under a decree from the government. This helped them boost liquidity and regain financial capacity amid Covid-19. It is expected that extensions on land leasing fees and taxes under the decree will total VND115 trillion ($5.06 billion).

The government has directed the State Bank of Vietnam to refund transaction fees for employers who have taken out loans from the Vietnam Bank for Social Policy to pay salaries.