The Institute of Resources and Environmental Economics has proposed restoring presumptive taxation for small household businesses to reduce compliance costs and support their transition to the new system.
Experts said the draft amendments to the Law on Support for Small- and Medium-Sized Enterprises (SMEs) focuses largely on support after conversion, despite the fact that many household businesses face their greatest challenges before deciding to formalise.
The HCM City tax agency said it will maintain regular dialogue with businesses, push ahead with administrative reform and digital transformation, and identify implementation bottlenecks to recommend policy adjustments, facilitating investment and business activities for FDI enterprises.
Under Decree No. 141/2026/NĐ-CP, the household businesses with annual revenue of VNĐ1 billion or less will not have to pay personal income tax and value-added tax.
The survey, conducted between February and April 2026 with more than 1,000 household businesses across 34 provinces and cities, paints a far from optimistic picture.
The revised law, which amends provisions in personal income tax, value-added tax, corporate income tax and special consumption tax legislation, was passed with 466 out of 488 participating deputies voting in favour.
The Ministry of Finance has proposed new regulations on taxable revenue thresholds for household businesses after just four months the new policy took effect.
Amid recent fluctuations in fuel prices, which have increased pressure on daily living expenses, AEON Vietnam is implementing the “Stable Price – Supporting Household Budget” campaign throughout April 2026.
Tax authorities will run an intensive information and support campaign to guide small businesses in implementing the policies, including filing and paying taxes under the principle of self-declaration and self-payment.
Domestic revenue, excluding crude oil, contributed more than VNĐ1.72 quadrillion, exceeding the estimate by 3.31 per cent, while revenue from import-export reached VNĐ249.22 trillion, exceeding the estimate by 6.05 per cent after deducting VAT refunds.
From grocery store owners to rural traders, many small business operators — once hesitant about adopting technology — are now actively using digital financial services to manage transactions, reduce costs and improve efficiency.
The Vietnam Trade Office in Spain said that the country has implemented various policies to promote the production and consumption of biodegradable plastics and reduce single-use plastic waste.
The tax authority is piloting the use of digital identity accounts for organisations to access e-tax services, with a nationwide rollout expected before July 2025.