Amending, supplementing, and abolishing many administrative procedures to support innovative start-up businesses

Decision 2915/QD-BTC, effective from September 15, 2025, is expected to create a more open legal corridor, reduce administrative burdens and further promote investment capital flows into innovative startups in Vietnam.

On August 26, 2025, the Ministry of Finance issued Decision 2915/QD-BTC on promulgating amended, supplemented and abolished administrative procedures in the field of supporting small and medium-sized enterprises under the management scope of the Ministry of Finance.

Accordingly, the announcement accompanying Decision 2915/QD-BTC is the regulation on abolishing the procedure for disclosing information related to innovative startup investment funds on the National Portal for Supporting Small and Medium Enterprises. Specifically, the procedure requiring the disclosure of information on the establishment, capital increase and decrease, extension of operation, liquidation and dissolution of funds at the Ministry of Finance has been abolished.

The provincial business registration agency will be the focal point for receiving and processing dossiers and is responsible for sending information to the Ministry of Finance for monitoring, ensuring consistency in state management.

The abolition of this procedure is considered a reasonable step, helping to eliminate intermediaries, reduce duplication and save time and costs for fund management companies. Instead, the provincial business registration agency will be the focal point for receiving and processing dossiers and will be responsible for sending information to the Ministry of Finance for monitoring, ensuring consistency in state management without creating additional burdens for businesses.

Along with that, Decision 2915/QD-BTC also announced the list of 5 administrative procedures at the provincial level that have been amended and supplemented, including: Notice of establishment of a creative startup investment fund; Notice of increase or decrease in capital contribution of the fund; Notice of extension of the fund's operating period; Notice of dissolution and results of dissolution of the fund; Notice of transfer of capital contribution of investors.

These adjustments mainly focus on updating forms, clarifying procedures and dossier components according to new regulations in Decree No. 210/2025/ND-CP.

In particular, the procedures have been standardized, allowing fund management companies to submit documents in two forms, directly at the provincial business registration agency, or online through the administrative procedure settlement information system of the provincial People's Committee. This is considered an important step in the digital transformation process, helping the procedure implementation process become more transparent, faster and more convenient.

The processing time for all of the above procedures is set at 15 working days from the date of receipt of a complete and valid dossier. If the dossier is invalid, the provincial business registration authority must issue a written response, stating the reasons and providing specific instructions on the contents that need to be revised and supplemented.

Decision 2915/QD-BTC was issued on the legal basis of the Law on Support for Small and Medium Enterprises, together with Decree No. 38/2018/ND-CP and Decree No. 210/2025/ND-CP amending and supplementing. Simplifying procedures related to innovative startup investment funds not only facilitates businesses but also demonstrates the commitment of the Government and the Ministry of Finance in building an open investment environment, encouraging venture capital flows into small and medium enterprises.

This decision, effective from September 15, 2025, is expected to create a more open legal corridor, reduce administrative burdens and further promote investment capital flows into innovative startups in Vietnam.

Full text of the decision here

Source: https://nhandan.vn/sua-doi-bo-sung-bai-bo-nhieu-thu-tuc-hanh-chinh-ho-tro-doanh-nghiep-khoi-nghiep-sang-tao-post906459.html