Many incentives for business households
When Decree No. 70/2025/ND-CP amending and supplementing a number of articles of Decree No. 123/2020/ND-CP dated October 19, 2020 of the Government regulating invoices and documents took effect on June 1, many households with annual revenue of over 1 billion VND in a number of industries (food and beverage, hotels, retail, passenger transport, beauty, entertainment, etc.) had to use electronic invoices generated from cash registers with data connection to tax authorities. This Decree also encourages business households with large revenue to register as companies to receive support from policies and promote sustainable development.
With the above amendments and supplements, small traders and business households have become potential micro-loan borrowers of banks and financial institutions. In the case of small traders and business households with revenue of over 1 billion VND, even if they do not become a company, if they comply with Decree No. 123/2020/ND-CP, they will have transparency in cash flow, and have a basis for banks and financial institutions to consider lending, unlike before. Therefore, many large commercial banks such as the Bank for Agriculture and Rural Development of Vietnam ( Agribank ), the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank), the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) ... have implemented preferential loan packages specifically for small traders or business households.
According to Mr. Tran Ngoc Linh, Director of BIDV - Binh Duong Branch, in fact, this is a potential customer group but in the past, banks and financial institutions have not fully exploited the potential, the reason is that this customer group is limited in access or they do not have collateral, do not have a business registration or unclear cash flow. Therefore, when Decree No. 70/2025/ND-CP of the Government takes effect, banks and credit institutions all want to increase investment in this customer group.
Banks actively participate
There is currently a paradox that the State has many support packages for small and medium enterprises (SMEs) but cannot find enough cases to support. Meanwhile, SMEs say they cannot access support capital. To solve this situation, Mr. Tran Xuan Huy, General Director of Vikki Digital Bank (HDBank), said that Vikki currently has many loan programs to support individuals and small traders. Specifically, Vikki has a "Quick Loan" package that helps individual customers quickly supplement working capital for production and business, disbursed within just one working day. The "Loan for production and business" package allows individual customers to have the necessary working capital to invest in raw materials for production and business, with a maximum loan term of up to 60 months and a maximum revolving loan of 3 months.
A representative of the Military Commercial Joint Stock Bank (MB) said that MB recently had a loan package specifically for business households, in which MB implemented a consumer loan package of up to 3 billion VND, supporting principal grace period of up to 24 months, helping business households to be financially proactive in both business and life. Unlike mass credit products, MB's consumer loan package is specifically designed for small business customers, individual business households, and freelancers - even though they have a steady cash flow, they cannot prove it with a salary or labor contract.
Instead of requiring rigid documents, MB expands loan conditions based on actual financial capacity such as business cash flow, purchase invoices, business household licenses or operating cost documents. From there, customers can easily access legitimate consumer loans with reasonable interest rates and a significantly simpler process. The most special feature of the loan package is the 24-month principal grace period policy, which is rare in current consumer loan products. During this time, borrowers only need to pay monthly interest, not principal, helping to optimize personal cash flow and have time to accumulate and reinvest to increase profits. This is considered an ideal choice for homeowners who need to invest in family life, upgrade their home, take care of their children or take care of relatives but still want to maintain financial autonomy to serve the business that is operating in parallel.
According to MB representative, this bank continuously develops practical financial products, closely following the actual needs of the market. Flexible consumer loan solutions not only help individual business households and individual businesses proactively source capital, but also contribute to creating conditions for them to accelerate development, stabilize finances and overcome economic fluctuations in the second half of 2025.
THANH HONG
Source: https://baobinhduong.vn/khoi-thong-von-vay-cho-doanh-nghiep-tieu-thuong-a349419.html
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