The journey towards business transformation is not merely a policy narrative but a collaborative effort requiring practical support from banks and the community. Sacombank has pioneered modern financial and technological solutions, empowering business households to confidently transition into enterprise models for long-term growth.
A Golden Opportunity for Business Households to Transition into Enterprises
According to the Tax Department, in the first half of 2025, 1,474 business households successfully transitioned into enterprise models, marking an 18% increase compared to the same period last year. Additionally, approximately 110,000 business households have registered to use electronic invoices generated from cash registers, indicating a growing trend towards standardized operations.
On a broader scale, the startup environment remains vibrant. In the first eight months of 2025, the country witnessed the establishment of approximately 128,000 new enterprises, with a total registered capital exceeding 1.25 million billion VND. This underscores the market’s robust embrace of business transformation and establishment.
To foster this transition, the National Assembly has approved a preferential tax rate of 15% – 17% for enterprises with an annual revenue not exceeding 50 billion VND, lower than the standard 20%. Furthermore, business households transitioning into small and medium-sized enterprises enjoy a three-year tax exemption. This is considered a ‘golden opportunity’ for business households to boldly step into a professional and sustainable business environment.
Ms. Le Hai Duong, owner of a printing shop in Ho Chi Minh City, shared: “Large customers such as schools and government agencies often require VAT invoices. As a business household, it’s challenging for us to meet this requirement. I aspire to become an enterprise to have complete documentation, easier access to capital, and expand my business scale.
However, upon exploring the process, I encountered numerous barriers: complex legal procedures, significant additional costs, and our limited knowledge in business management, accounting, and taxation.” Ms. Duong’s story reflects the current needs of many business households, who recognize the opportunities in transitioning but remain hesitant due to procedures, costs, and new management methods.
Sacombank Commits to Supporting Business Households in Their Transition
Discussing this initiative, Mr. Nguyen Tan Cuong, Director of the Corporate Banking Division at Sacombank, stated: “Transitioning from a business household to an enterprise requires not only legal preparation but also management, financial, and technological readiness. We observe that many customers are still uncertain at this stage. Therefore, Sacombank has proactively designed comprehensive solutions to closely support business households, ensuring a smooth transition process. We believe that every enterprise, regardless of size, needs a strong financial and technological foundation to keep pace with change and achieve long-term growth.”
In reality, many business households have noted positive changes post-transition. Mr. Tran Quoc Hung, owner of an electrical equipment store in Binh Duong Ward (Ho Chi Minh City), shared: “Since becoming an enterprise, I’ve gained more trust from large customers, and contract signing has become smoother. Initially, I was concerned about the procedures and additional costs. However, Sacombank provided free enterprise account opening, guided me in using online services, and recommended suitable management software. This has saved me a lot of time and given me more confidence in management.”
After transitioning to an enterprise model, Mr. Tran Quoc Hung reported receiving extensive support from the bank across various stages.
To encourage business households to transition, Sacombank has launched a series of practical incentives, including a one-year waiver of fees for specialized account services (covering payment accounts, corporate cards, e-banking, transfers, and online tax payments). Additionally, businesses can receive cashback of up to 3 million VND and valuable gifts such as travel vouchers, business class flight tickets, Urbox vouchers, or premium travel bags when using corporate cards, valid until December 31, 2025.
Furthermore, Sacombank collaborates with technology partners like MISA and NextPay to offer 12 months of free access to comprehensive management software solutions, covering sales activities, receivables, inventory, electronic invoices, and digital signatures. This enables newly established enterprises to operate smoothly without the burden of initial investment costs.
In terms of capital, Sacombank has designed flexible financial solutions to promptly support business households during their transition into enterprises. Specifically, in the first year of transition, Sacombank continues to provide credit based on the assessment of the business household’s previous operational and financial performance, ensuring uninterrupted capital flow post-transition. Enterprises can quickly access working capital loans and may also receive overdraft limits or credit card limits without collateral.
Simultaneously, Sacombank offers preferential lending rates, reduced guarantee fees, and various specialized financial policies to ensure business stability, expansion, and growth opportunities. Notably, Sacombank is implementing a 40,000 billion VND credit package with interest rates starting from 4.3%/year to support enterprises in investing in production expansion, technology upgrades, and more, applicable until the end of 2025. This credit package prioritizes sectors such as import-export, agriculture, forestry, fisheries, green economy, and enterprises investing in digital infrastructure and transformation.
Mr. Nguyen Tan Cuong emphasized: “Sacombank is not just a capital provider but a trusted partner. Our nationwide team of staff will directly consult and guide each business household through the transition to enterprises, empowering them to confidently enter a new, more professional, and sustainable development phase.”
For more information, visit HERE or contact the hotline 1800 5858 88 (toll-free) for specific advice and direct support.
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