Decree 80 On Support For Small And Medium-Sized Enterprises

LEGAL UPDATE

On 26 August 2021, the Government promulgated Decree 80/2021/ND-CP (Decree 80), guiding and detailing some provisions of the Law on Support for Small and Medium-Sized Enterprises (Law on SME). Decree 80 entered into force on 15 October 2021. It replaces Decree 39/2018/ND-CP (Decree 39).

In general, the support levels for small and medium-sized enterprises (SMEs) have significantly increased under Decree 80. The Government is encouraging the development of SMEs through more favourable policies.

In this update, we would like to set out some of the notable changes for your information.

1. Support Principles

Decree 80 stipulates the order of how SMEs qualify for support based on the following principles: