The HCM City Tax Department said it has waived or reduced taxes worth VND123 billion (US$5.37 million) for 86,197 household businesses affected by the COVID-19 epidemic.
The report was conducted by UNDP, UNWomen and the Centre for Analysis and Forecast (CAF) under the Việt Nam Academy of Social Sciences (VASS) by surveying more than 900 vulnerable households and 900 vulnerable household businesses and MSMEs in 58 out of...
Regulating household businesses in Viet Nam is posing several problems as lawmakers debate whether the rules should be included in the amended Law on Enterprise or developed into separate legislation.
Household businesses may be exempted from paying fees for enterprise registration and first-time provision of information needed to become an enterprise.
More than a year after it rolled out support policies to help household businesses become enterprises, only 3,950 out of 250,000 have done so, the HCM City Department of Taxation has said.
HCM City has received more than 80 per cent of questionnaires from enterprises, the highest rate in recent years, after four months of gathering data for the first phase of the 2017 economic census.
In order to transform household businesses into enterprises, it is necessary to use “economic levers” rather than “administrative orders”, said Phan Duc Hieu, CIEM''s deputy director, in a conference on Tuesday.
Around 100 large household businesses in the country are contributing to a quarter of the country’s gross domestic product (GDP), the Viet Nam Chamber of Commerce and Industry (VCCI) said.
The District 5 People’s Committee plans to transform more than 1,200 household businesses into companies every year from now until 2020, a local official said.