TPBank Stands Alongside Small Businesses in Navigating New Requirements Under Decree 70

Decree 70: A Turning Point for Household Businesses

Effective June 1, 2025, Decree 70 mandates that all household and individual businesses must use electronic invoices. Businesses with annual revenue exceeding 1 billion VND are required to connect their cash registers directly to tax authorities. This regulation aims to enhance transparency and create a level playing field. However, for millions of small, informal businesses accustomed to manual management, the new requirements can be daunting. Challenges include investing in equipment, learning to issue e-invoices, and adapting to standardized revenue management practices.

In this context, banks play a crucial role, not only in providing capital but also in supporting businesses in digitizing their operations. TPBank stands out as a pioneer, having proactively designed products and services tailored to micro-enterprises and small traders even before the decree’s issuance, ensuring they are well-prepared for the transition.

Tailored Solutions for Seamless Digital Transformation

TPBank’s “Smooth Management – Peak Business” suite offers a comprehensive ecosystem, encompassing transaction accounts, credit facilities, and management tools. Business owners can open digital accounts with customized numbers based on their birthdate, phone number, or business license. The entire process is conducted online, anytime and anywhere, with just a few clicks, saving time and enabling immediate account activation.

Account holders enjoy free interbank transactions via TPBankBiz, free internal transfers at branches, and complimentary interbank transfers at branches for the first three months. These practical benefits allow small traders to transact confidently without worrying about additional fees, while also ensuring transparent and efficient cash flow management.

TPBank is also at the forefront of integrating financial management technology. Partnering with various providers, the bank offers free electronic invoices. POS devices and SoftPOS applications enable businesses to accept multiple payment methods and issue invoices instantly via email or SMS. Notably, the “Ting Ting Speaker” provides real-time transaction alerts, helping store owners monitor revenue in real-time, replacing manual transaction checks.

Long-Term Commitment to Small Traders

Beyond capital and technology support, TPBank offers a range of incentives to alleviate initial costs. The bank waives the annual fee for business debit cards in the first year, provides a versatile QR code kit, and launches the “Billion-Shop Club” with valuable rewards and discounts for Ting Ting Speaker users. Additionally, customers receive a free payroll package for three years, streamlining employee salary payments with transparency and cost savings. TPBank also offers complimentary sales management software for the first year, enabling businesses to digitize operations and manage revenue transparently without extra expenses.

TPBank signs a strategic partnership with MobiFone.

Furthermore, TPBank has forged a strategic alliance with MobiFone to establish a “digital alliance” connecting telecommunications, finance, and technology. This partnership provides businesses with comprehensive digital solutions, from telecom infrastructure to payment tools and e-invoicing, promoting cashless transactions and sustainable digital transformation.

According to TPBank representatives, the integrated rollout of these products and incentives not only helps businesses comply with Decree 70 but also empowers them to enhance their reputation and transition to more professional operational models. With all transactions transparently recorded through the banking system, businesses can more easily access capital and build trust with partners and consumers.

Decree 70 presents both a challenge and an opportunity for Vietnamese household businesses. With TPBank’s proactive, tailored solutions, this challenge can be transformed into a catalyst for growth. True to its commitment, TPBank remains a steadfast partner, helping businesses not only adapt to regulations but also thrive sustainably in the digital era.