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Ministry proposes increasing tax-free revenue threshold for household businesses to VNĐ500 million

Ministry proposes increasing tax-free revenue threshold for household businesses to VNĐ500 million

The VNĐ500 million threshold would allow 90 per cent of household businesses to be exempted from paying tax and reduce the tax burden on them by an estimated sum of VNĐ11.8 trillion per year.
Việt Nam completes business environment index for cooperatives

Việt Nam completes business environment index for cooperatives

The Ministry of Agriculture and Environment in collaboration with Institute of Strategy, Policy on Natural Resources and Environmennt (ISPONRE) opened a workshop on reviewing the results of developing Provincial Competitiveness and Governance Index (PCGI) for cooperatives in the agriculture in Hà...
Ministry considers taxing household businesses on profits, not revenue

Ministry considers taxing household businesses on profits, not revenue

The Ministry of Finance said on Tuesday it is considering taxing household businesses on profits rather than on total revenue after the revenue-based taxation system caused a stir among the public.
Việt Nam weighs raising tax threshold for household businesses as lump-sum regime ends

Việt Nam weighs raising tax threshold for household businesses as lump-sum regime ends

While Minister of Finance Nguyễn Văn Thắng said that the ministry will continue to study an appropriate revenue threshold for taxation on household businesses to ensure fairness, opinions remain divided over what level would be appropriate.
Hà Nội suports household businesses as lump-sum tax is abolished

Hà Nội suports household businesses as lump-sum tax is abolished

Hà Nội gears up to support 300,000 business households shifting from lump-sum tax to self-declaration, boosting transparency and growth.
PM asks efforts to speed up administrative reforms

PM asks efforts to speed up administrative reforms

Prime Minister Phạm Minh Chính has asked ministries and local authorities to accelerate the implementation of plans to simplify and remove administrative procedures and business conditions in 2025.
Tax authority ramps up support for household businesses nationwide

Tax authority ramps up support for household businesses nationwide

After abolishing the lump-sum tax system from the beginning of 2026, the tax authority will shift to a new household business management model based on revenue thresholds and the level of business development.
Businesses work with the Government in digital green transformation

Businesses work with the Government in digital green transformation

The theme of the Vietnam Business Forum this year is ''Businesses Partnering with the Government for a Green Transformation in the Digital Era''.
Making the two-tier government model work from the ground up

Making the two-tier government model work from the ground up

After four months of implementation, the model has produced certain and promising positive outcomes, but it has also revealed critical gaps that must be addressed to ensure the reform works in practice.
Việt Nam puts an end to lump-sum tax, aiming for a level playing ground

Việt Nam puts an end to lump-sum tax, aiming for a level playing ground

Under the plan, all business households nationwide will switch to a self-declaration and payment, starting from January 1, 2026, putting an end to lump-sum tax mechanism that has been in place for decades.
Businesses optimistic about production and business situation

Businesses optimistic about production and business situation

More than 40 per cent of businesses assess that their production and business situation will improve, while over 41 per cent consider it stable in the fourth quarter of this year.
Corporate capital expansion surges 168 per cent in nine months

Corporate capital expansion surges 168 per cent in nine months

During the period, more than 231,000 enterprises entered or re-entered the market, up 26 per cent against the same period in 2024 and 1.32 times higher than the number of firms withdrawing.
First local B2B e-commerce platform launched in HCM City ward

First local B2B e-commerce platform launched in HCM City ward

The platform will enable local businesses to directly access a network of importers, distributors, buyers, and domestic and international investment funds.
Small firms, household businesses to get support in shift to revenue-based tax

Small firms, household businesses to get support in shift to revenue-based tax

The Ministry of Finance is drafting a decree to implement the National Assembly’s resolution on promoting private sector development, including measures to provide free digital platforms and shared accounting software for SMEs, household businesses and self-employed individuals.
Banks, fintech companies enable shift to revenue-based taxation

Banks, fintech companies enable shift to revenue-based taxation

Millions of small business households are facing a major turning point, as the lump-sum tax system is replaced by tax declaration starting in 2026, part of a broader regulatory reform to modernise tax administration and promote a transparent and efficient...