At the regular press conference for the second quarter of 2025, organized by the Ministry of Finance on the afternoon of July 2, answering questions about the results of implementing private economic development, Deputy Director of the Department of Private Enterprise Development and Collective Economy (Ministry of Finance), Ms. Trinh Thi Huong said that in June 2025, the number of newly registered enterprises for the first time was a record high, reaching more than 24,000 enterprises, more than twice as high as the period 2021 - 2024.
“This is the first time the number of businesses established in one month has been so high, because it has never reached 16,000 businesses before. In the first 6 months of this year, Vietnam had over 91,000 businesses established. The above number reflects a strong wave of startups,” Ms. Trinh Thi Huong shared. Not only opening up new development space for the private economy, Resolution 68/NQ-TW is also expected to remove bottlenecks in capital, market and policy mechanisms for young startups.
According to the Ministry of Finance, the number of enterprises returning to operation in June 2025 reached over 14,000, an increase of about 91% over the same period last year. In the first 6 months of this year, the number of enterprises returning to operation reached 61,000, an increase of more than 57% over the same period in 2024.
“The number of businesses entering and re-entering the market is higher than the number of businesses withdrawing, showing that the business community’s confidence in the prospects for economic recovery and development is strongly reinforced,” said a representative of the Ministry of Finance. In addition, the number of newly established business households in June was 2.4 times higher than the monthly average in two-thirds of the past years.
In particular, the additional capital of operating enterprises increased by over 170% compared to the same period in 2024. These are subjects that have practical experience, as well as plans to expand capital scale, demonstrating the confidence of enterprises and recognition of business opportunities and positive market potential.
Responding to the press on the afternoon of July 2 at a press conference regarding information about the Tax Department managing households and individuals doing business in 4 groups, Deputy Director of the Tax Department Mai Son said that in reality, there are many cases of small business households that are below or above the tax threshold. Business households operate not only in one but in many locations, even across provinces and cities, across borders, so the monitoring and support of tax authorities by electronic means helps business households reduce costs and compliance time. For large business households, especially those doing business in food chains, construction materials, functional foods, beauty products, etc., they can perform accounting work and operate according to the model of small and medium enterprises.
According to the dossier for collecting opinions on the Law on Tax Administration (amended), it is expected that households and individuals doing business will be divided into 4 groups for management. Group 1 has a revenue of less than 200 million/year, which is below the tax threshold; Group 2 has a revenue from 200 million VND to less than 1 billion VND/year; Group 3 is households and individuals doing business in the fields of agriculture, industry, construction with a revenue of 1 - 3 billion VND/year and doing business in the fields of trade and services with a revenue of 1 - 10 billion VND/year; Group 4 has a revenue of over 10 billion VND/year.
“Of the above groups, groups 1 and 2 are encouraged to use electronic invoices after the lump-sum tax is abolished. Groups 3 and 4 are required to use electronic invoices with tax authority codes or electronic invoices generated from cash registers when retailing goods and services,” said Mr. Mai Son.
In addition, the Tax Authority plans to propose increasing the threshold of revenue not subject to value added tax and personal income tax (PIT) to a minimum of VND400 million/year. The basis for this proposal is the connection with the Draft Law on PIT.
Source: https://baohaiphongplus.vn/sau-2-thang-thuc-hien-nghi-quyet-68-so-doanh-nghiep-gia-nhap-thi-truong-khoi-sac-415484.html
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