E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.
Vietnam has implemented numerous policies to promote the role and ensure legitimate rights and interests of individuals and informal enterprises, especially household businesses, thus maintaining social and cultural cohesion and promoting sustainable production, Ambassador Dang Hoang Giang, Vietnam's Permanent Representative to the UN has said.
The taxation sector is taking concerted efforts to have 70% of enterprises and business households using e-invoices generated from cash registers later this year under an initiative launched since December 15, 2022.
There are 349 new enterprises established in Thanh Hoa province in May, according to the Department of Planning and Investment of the north central province.
Capital allocated to the Hanoi’s branch of the Vietnam Bank for Social Policies (VBSP) by the city’s budget not only helped clients rearrange their production and trade but also restore agricultural production.
The Government has issued a resolution on supporting enterprises, co-operatives and household businesses given the COVID-19 pandemic, with four groups of solutions.
The Ministry of Labour, Invalids and Social Affairs said on August 25 that it has sent a proposal to the Ministry of Planning and Investment seeking the second aid package for businesses and workers affected by the COVID-19 pandemic.
The second outbreak of COVID-19 has pushed many business households in Hanoi’s Old Quarter to the brink due to the total absence of international travellers, their main customers.
Indonesian President Joko Widodo on July 15 directly presented cash assistance to small and micro-sized enterprises, business households, freelance workers, and street vendors affected by the COVID-19 pandemic.to help them overcome the difficult time.
Localities have disbursed more than 11.2 trillion VND (486 million USD) to support over 11 million people and nearly 6,200 business households, mostly jobless, free and vulnerable workers, according to the State Treasury of Vietnam.
The southern economic hub of Ho Chi Minh City has spent 465 billion VND (20.2 million USD) supporting more than 336,550 business households and employees seriously affected COVID-19, according to Director of the municipal Department of Labour, Invalids and Social Affairs Le Minh Tan.
More than 3,000 business households were dissolved or suspended their operations in Hanoi in the first two months of this year due to the impact of the COVID-19 outbreak.
The term for tax and land lease payment worth about 30 trillion VND (1.3 billion USD) has been extended in a support package for enterprises and business households hit by COVID-19 outbreak, the Finance Ministry said on March 6.
Ho Chi Minh City has applied measures to encourage business households to turn themselves into companies, but the results have not met expectations, according to the municipal government.
It is necessary to complete a legal framework for business households so as to promote their development and contributions to the economy, experts have said.
In experts’ view, the transfer of households to enterprises is necessary to standardise and avoid the current abuse. However, the problem is that it is difficult to transfer all of them immediately.
