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.
Business households are estimated to total around 5 million and play a significant role in the Vietnamese economy, contributing 30 percent to the country’s gross domestic product (GDP) and creating 10 million jobs.
As the Government of Vietnam set a target of having 1 million firms by 2020, 1.5 million by 2025 and 2 million by 2030, business households are identified as a major force for the country to achieve this goal.
However, there is a lack of legal framework for their operation and for promoting their development.
Under the established enterprise law, Vietnam now has about 700,000 firms while business households are not regulated as enterprises.
Mixed opinions were raised over whether business households should be recognised as a type of enterprise and included in the Law on Enterprise which was being amended. Some said that a separate legal framework should be developed for business households.
Nguyen Thi Cuc, Chairwoman of the Vietnam Tax Consultancy Association, said that business households should not be included in the regulations of the Law on Enterprise. “A separate legal framework for business households could be a better option to promote their development,” Cuc said, adding on the other side, policies to encourage business households to change into enterprise were also required.
Policies should be flexible to allow business households to choose the appropriate models for their operation, experts said.
Truong Thanh Duc, director of law firm Basico, said that forcing business households to operate as small or macro-sized enterprises would sound unreasonable.
Phan Duc Hieu, Deputy Director of the Central Institute for Economic Management (CIEM), said that it was important to develop a legal framework which could create impetus for the development of the business households.
Hieu cited a survey finding of the Vietnam Chamber of Commerce and Industry (VCCI) that around 18 percent of existing firms developed from business households, adding that this was a natural process.
“We should not talk about how to transform business households into enterprises. Instead, it is better to figure out a way to treat business households fairly with other types of enterprises and give them a chance for development,” Hieu said.
Hieu said that a draft framework for business households would be made public for comments.
According to VCCI Chairman Vu Tien Loc, business households in Vietnam had not received adequate attention despite their significant role in the economy. Loc said that it was critical to remove barriers for them to develop, adding that business households would be the grounds for the development of Vietnam’s business community.
Under a draft resolution by the National Assembly which the Ministry of Finance recently made public for comments, the ministry proposed tax exemptions for two years after first reporting taxable income for firms which transform from business households.
This aimed to encourage business households to transform into enterprises.
Khanh Hoa aims to estabish itself as a Halal-friendly destination while supporting businesses in expanding export markets, attracting strategic partners and investors, and drawing projects from countries with strong Halal logistics, tourism, manufacturing, processing and agriculture sectors.
From a property-market perspective, Do Thi Thu Giang, National Director of Valuation and Advisory at Savills Vietnam, said the orientations under Resolution No. 21-NQ/TW could make the market more transparent and efficient, with property values increasingly tied to actual development and use potential.
Chinese carmakers are putting new pressure on prices and technology while testing Vietnam’s ability to retain more value.
Science and technology, innovation, digital transformation and AI must be translated into higher productivity rather than pursued as ends in themselves. At the same time, people should be placed at the centre of development, not merely viewed as a resource but as the ultimate objective of development policies.
US retail giant Target is seeking Vietnamese suppliers of household goods, home textiles, children’s products, personal care and beauty products, with a focus on companies capable of manufacturing and developing products that meet requirements on quality, design and supply chain management.
The annual event, which will be held on August 18-19, 2026, at the ICE International Exhibition Centre, 91 Tran Hung Dao Street, Hanoi, is expected to attract around 324 delegates and feature 21 booths representing credit institutions, payment intermediary service providers, and technology companies.
Vietnam should give priority to areas where it has potential to build strengths, particularly manufacturing and packaging.
Vietnam has built a solid semiconductor and electronics industry before joining ITSI, attracting major US semiconductor companies. Intel Products Vietnam is one of Intel's largest assembly and testing facilities worldwide, while chip design companies such as Synopsys, Cadence, Marvell and Qualcomm have established engineering and research centres in the Southeast Asian country.
According to the Ministry of Construction, Vietnam has around 2,500 old apartment blocks and collective housing complexes built before 1994, covering about 3 million square metres of floor space, mainly in Hanoi and Ho Chi Minh City. Of these, around 196 have been classified as severely deteriorated and unsafe.
Durian exports reached nearly 1.1 billion USD in the first six months of 2026, up 32% year-on-year. The industry's strongest export season, however, is still ahead.
The country's agro-forestry-aquatic product exports reached nearly 42.8 billion USD in the January–July period, up 7.5% year-on-year and equivalent to almost 60% of the annual target of 74 billion USD.
During the first seven months of 2026, Vietnam attracted more than 38 billion USD in registered FDI, up nearly 58% year-on-year. More importantly, the increase was driven by large-scale, high-tech projects rather than a surge in the number of new investments, signalling a significant improvement in the quality of capital inflows.
Manufacturing and engineering posted the strongest recruitment growth, with hiring demand surging 70% year-on-year, driven by production expansion, supply chain restructuring and sustained investment inflows in high-tech manufacturing.
Vietnam's total import-export turnover reached 659.58 billion USD in the first seven months of 2026, up 28.1% year-on-year.
The projects in Phu Quoc have been implemented under tight deadlines. Since May 2025, the Prime Minister has directed preparations for APEC 2027, including accelerated infrastructure development on the special zone. An Giang province and investors have subsequently launched a number of major projects involving complex technical requirements and demanding construction schedules.
The NSO also reported that realised FDI reached an estimated 15.2 billion USD during the January-July period, an increase of 11.8% from a year earlier and the highest seven-month disbursement recorded over the past five years.
Household deposits at banks reached a new high of 10.8 quadrillion VND (414 billion USD) at the end of May, up more than 108 trillion VND from April and increasing by 4.76% from the beginning of the year, equivalent to nearly 492 trillion VND.
The plan seeks to develop a balanced and modern financial market that is closely integrated with regional and global markets, strengthens the mobilisation and allocation of domestic and foreign capital, and enhances the market’s role as a key provider of medium- and long-term capital for the economy and as a major driver of sustained high economic growth.
Under the province's master plan for 2021–2030 with a vision to 2050, An Giang will prioritise investment in five strategic sectors: strategic infrastructure; processing industries and clean energy; trade, services, logistics and border-gate economy; high-quality tourism; and high-tech agriculture, ecological development and the circular economy.
According to the VCCI, these measures are not only necessary for managing potential risks arising from US trade actions but also crucial to enhancing competitiveness and meeting growing international expectations on compliance, product origin, quality and transparency.