(kontumtv.vn) – In order to contribute to the economic growth target of 8% in 2025, the Ministry of Finance has proposed many policies on taxes and fees to support people and businesses; including a proposal to reduce land and water surface rents by 30% in 2025.

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Illustration photo: VNA

According to economic experts, the proposal to reduce land and water surface rents by 30% in 2025 is very positive and effective, providing additional resources to support production and business, promoting growth.

Speaking to the press, Mr. Dau Anh Tuan, Deputy General Secretary, Head of the Legal Department (VCCI), said that this policy is consistent with the Government's determination to achieve an economic growth rate of 8% in 2025, aiming to create momentum for double-digit growth in the 2026-2030 period. The private economy is contributing nearly half of the national GDP and will be the main driving force in economic growth, so the State should have policies to support businesses to make breakthroughs in production and investment, especially in the context of economic forecasts in 2025 with many difficulties.

According to Mr. Dau Anh Tuan, exports are expected to face many challenges, while inflationary pressure and production material costs are increasing due to supply chain disruptions.

The policy of reducing land rent has also been implemented from 2020 to 2024. On average, each year, land and water surface rents are reduced by about 3,000 - 4,000 billion VND, supporting people and businesses to have more resources to restore production and business.

Dong Anh Licogi Mechanical Joint Stock Company has rented more than 9 hectares of land for production. With a reduction of more than 30% of land rent, over the past 3 years, the company has received more than 4 billion VND, helping the company have more funds to equip modern machinery and equipment.

Mr. Pham Viet Long, Deputy General Director of Dong Anh Licogi Mechanical Joint Stock Company, said that this is a practical policy that helps businesses reduce a source of cost, although not large, but is a source of motivation to encourage businesses. In addition, it increases the competitiveness of businesses, has more resources to invest in improving product quality, and launching new products.

However, experts are also concerned that reducing land rent will affect state budget revenue. However, according to economic expert Dinh Trong Thinh, reducing land rent revenue will help businesses reduce costs and feel secure in doing business. In return, the state budget will be able to collect more from taxes, fees, and charges to compensate for the reduction in land rent.

According to the Ministry of Finance, if the proposal to reduce land rent by 30% is approved, it is expected that in 2025, businesses and people will save about 4,000 billion VND. This amount of money will help businesses reinvest, improve technical innovation, expand production scale... helping to develop the economy, contributing to completing the Government's 8% growth target.

Thuy Duong (Vietnam News Agency)