In the context of increasingly standardized and transparent tax policies, millions of business households in Vietnam are facing the requirement to strongly transform from the presumptive tax model to declaration based on actual revenue. Understanding these changes, Agribank has been and is proactively implementing a comprehensive solution ecosystem, supporting business households to declare taxes easily, effectively manage and be ready to transform into businesses.
In particular, according to Decree 70/2025/ND-CP, business households with revenue of 1 billion VND/year or more are required to use electronic invoices from cash registers, and transmit data to tax authorities in real time.
In that context, the transformation from household businesses to enterprises has become an inevitable trend for many households with relatively large revenue scale, in order to comply with legal regulations, improve management capacity and increase access to capital and markets.
In this important transition period, Agribank is providing support, playing a key intermediary role, providing both financial and technology solutions to support business households to transform into businesses.
Breakthrough Transformation - Raising the Level of Business" solution package
Agribank is implementing a preferential program specifically for business households converted into businesses in the first 12 months after conversion, helping new businesses significantly reduce initial operating costs, including:
- Free account management.
- Free Agribank eBanking electronic banking service.
- Giving away a 1POS sales solution package.
- Invoice electronic invoice solution package for gifts.
Not stopping at financial services, Agribank also provides a synchronous set of digital tools including electronic invoices, digital signatures, sales software and cash flow management solutions, helping businesses transform from manual bookkeeping to modern cash flow management. Thanks to that, tax declaration becomes accurate and transparent, while supporting effective revenue and cost control.
In particular, when sales data is integrated with the electronic invoice system issued from the sales system, the tax declaration process is almost automated, becoming a seamless part of business operation, helping businesses optimize resources and focus on sustainable development.
Along with that, new business households implementing the conversion of operating models into enterprises, opening payment accounts at Agribank for the first time, are also given gifts and reduced fees for opening beautiful account numbers, supported to use the God of Wealth loudspeaker product to announce balance fluctuations, and incentives applied until the end of June 30, 2026.
Credit incentives, reducing financial pressure
One of the major barriers for business households when converting into enterprises is capital costs. In order to unlock credit capital sources to serve production and business activities, Agribank is implementing preferential credit policies to support businesses to access loans more easily, with lending interest rates lower than the normal lending interest rate floor by 0.6%/year, with a scale of up to 100,000 billion VND specifically for small and medium-sized enterprises (SMEs). In addition, the bank also applies flexible capital allocation forms, suitable to the specifics of each business model.
Thanks to these policies, businesses after conversion not only have stable capital to maintain operations but also have conditions to expand production and business, improve competitiveness and gradually participate more deeply in formal supply chains.
International trade preferences
In addition, Agribank also expands support for businesses through modern commercial services. Businesses after conversion will be advised on using international commercial service products that meet their needs, along with policies to support exchange rates and transaction fees, thereby improving competitiveness and gradually integrating into larger markets.
Bank and tax authority connection
A highlight in Agribank's strategy is close cooperation with tax authorities from central to local levels to support business households and businesses to fulfill tax obligations more conveniently. Through this coordination, business households and businesses are supported to open accounts, pay taxes electronically, access payment solutions and gradually get acquainted with modern management methods, towards a "one-touch" process on the digital banking platform.
In localities, Agribank branches proactively coordinate with tax authorities to organize consulting, direct guidance, support service registration and deploy solutions suitable to business practices. Thanks to that, business households can confidently transform and quickly adapt to new regulations.
Thanks to a synchronous approach between finance - technology - policy, Agribank is gradually promoting business households to comply with tax obligations, improve management capacity and move towards transforming its operating model into a business.
This is not only Agribank's own effort, but also part of a larger process to modernize the economy and promote the sustainable development of the private economic sector in Vietnam.
