This is also one of the activities implemented by Techcombank, in addition to comprehensive financial and technological solutions, to fulfill its commitment to accompany HKD to remove obstacles and take advantage of favorable conditions for rapid and sustainable development in the new period.
The webinar was attended by Ms. Nguyen Thi Cuc - President of the Vietnam Tax Consulting Association (VTCA), International Arbitration and Arbitration, Former Deputy Director General of the General Department of Taxation; Ms. Ngo Thi Lua - Director of Luka Accounting Services and Tax Authorization Company Limited (Luka), Mr. Tran Hoang Tien - owner of Ham Tru An coffee chain (Hanoi), Mr. Ngo Anh Tuan - Senior Director of Solution Development, Techcombank with online monitoring by 5,000 HKD representatives. The open discussion brought an overview of the role and significance of the policy, answering questions, factual stories from HKD and supporting solutions from Techcombank.
Decree 70/2025: a stepping stone for sustainable development
Decree 70, effective from June 1, 2025, requires HKDs with a revenue of VND 1 billion per year to use electronic invoices generated from cash registers. At the same time, from 2026, the contract tax method will end, giving way to tax declared based on actual revenue, marking a major shift in tax management.
According to Ms. Nguyen Thi Cuc, Chairman of VTCA, this is a transformation within a long-term strategic roadmap developed by the tax sector to modernize and develop the private economic sector to become an important driving force of the economy. Accordingly, the conversion from contract tax to declaration is not to collect or make it difficult for people, but to gradually modernize management work, ensuring fairness and transparency for both state agencies and HKDs. Conversion is an opportunity for HKD to establish an operating model, reduce legal risks, easily access credit to borrow capital and expand business in the digital economy era. Ms. Cuc affirmed.
At the same time, the State also aims to implement many practical support policies, from providing free accounting software, digital platforms, to legal advice and professional training. From 2026, HKD will be exempted from card fees, reducing compliance costs. Large-scale households are also encouraged to convert to enterprises with income tax exemption incentives in the first 3 years, aiming for the target of 2 million enterprises by 2030.
Although it brings many benefits, this change also makes many people hesitant when mentioning compliance costs and confusion before technological operations, in the context of the fact that the number of HKDs using sales software accounts for less than 10% of the total number of HKDs on the market.
Techcombank tailor a set of solutions based on the practical needs of small traders
Serving more than 2 million USD customers, Mr. Ngo Anh Tuan, Senior Director of Solutions Development - Retail at Techcombank, shared: Techcombank has come to the site, listened and observed to understand the difficulties and needs of USDs. In addition, we also study legal documents in depth, work with technology partners and tax consultants to build a comprehensive solution set, helping HKDs convert quickly, easily, economically, effectively and comply well based on three main pillars: Sales software and electronic invoices; Cash flow collection and management solutions & Capital contribution solutions.
To help HKD adapt quickly and comply with state regulations, Techcombank has cooperated with free promotion software partners, bringing to every HKD in provinces and large cities. In addition, to help HKD manage revenue and expenditure effectively, Techcombank offers cashless payment acceptance solutions such as QR codes, phone payment software (SoftPOS), sound system or phone balance notification service (Voice OTT). In addition, the ShopCash payment gate solution will solve the problem of cash flow disruption, provide financial support for HKD to import goods and implement timely promotional programs when it needs money urgently. In particular, with the cash flow of the day's revenue not being used immediately, we advise customers to activate Techcombank Sinh Loi Tu Dong to optimize, to have an additional monthly profit.
Participating directly, Mr. Tran Hoang Tien, owner of Ham Tru An coffee chain, shared: At first, I was quite worried when I had to switch to electronic invoices and when I heard that I had to connect data with the tax authority, I felt a bit difficult. However, thanks to the support from Techcombank and tax consulting partners, after only 1-2 days, everything became much easier. What I appreciate is that everything is implemented very methodically, easily understood, and the cost is reasonable - suitable for the scale of a HKD like me. In particular, thanks to complying with regulations, I am also eligible for a quick loan on the Techcombank application, now I am very secure financially.
Ms. Ngo Thi Lua, Director of Luka Company, said: With the desire to accompany Techcombank in the journey to support HKD, Luka has organized free training sessions, providing guidance from how to distinguish between contract tax and declared tax to creating electronic invoices, connecting computers for money and tax obligations. Luka also offers many incentives for Techcombank customers such as free 100 1:1 consultation sessions with more than 30 years of experience, 5,000 basic consultation packages and preferential tax declaration service fees by industry, to reduce the burden of costs and technology, helping traders confidently transform and be ready for long-term development.
Recognizing the great interest from business households, Techcombank's partners such as Cenvi, Misa, Sapo are ready to sponsor hundreds of sales software as well as business establishment consulting packages for business households in need of model conversion.
The webinars are also an opportunity for HKDs to ask questions and receive online answers from experts. In the webinar "Change to adapt - Accompanying business households in the new context", questions from getting invoices for input goods, converting from contract tax to declaration tax to separating business cash flow were clearly explained by Ms. Nguyen Thi Cuc, Ms. Ngo Thi Lua, and Mr. Ngo Anh Tuan, helping KongD to be less concerned and more confident in applying electronic invoices as well as complying with regulations.
At the end of the webinar, Mr. Ngo Anh Tuan, Senior Director of Solution Development, Techcombank affirmed: We believe that policy transformation is an inevitable trend and with the right preparation, along with the support and understanding of the Government and organizations like Techcombank, this will be a launching pad for HKDs to grow strongly, contributing positively to the Vietnamese economy in the era of national growth. Techcombank will always be a dedicated and trusted companion on that journey.
