According to the regulations of the State Bank of Vietnam in Circular No. 25/2025/TT-NHNN (amended and supplemented by Circular No. 17/2024/TT-NHNN), bank accounts used for business activities must be registered as business households and match the name on the Business Registration Certificate. This regulation aims to enhance transparency in financial transactions, support tax management, invoices and cash flow of business households - an area that is increasingly playing an important role in the economy.
Opportunity for business households to operate more professionally and systematically
According to the new guidance, business households do not continue to use the personal account of the household owner to carry out transactions serving business activities. Instead, the entire cash flow from sales and service provision needs to be carried out through accounts in the name of business households.
From a management perspective, unifying account names with business registration helps: clearly identify business entities; smoothly compare revenue and expenses; serve tax declaration and finalization and electronic invoice management.
For business households themselves, this is a step to help standardize financial activities, improve prestige with customers, especially businesses that need to get valid input invoices. Reality shows that, for invoices to be accepted, tax identification number information, unit name and receipt account need to be accurately compared with the invoice issuing unit. Therefore, using the correct business household account becomes an important condition to prove transparency and legality of transactions.
According to the classification in Decision 3389/QD-BTC in 2025, not all business households are required to open private accounts. However, households subject to tax management according to the declaration method, especially groups with revenue over 200 million VND/year, will have to open and use bank accounts in the name of business households. This is a group that must fully implement the regime: accounting books; invoices, documents; payments through banks to ensure transparency and standardization of financial activities.
MyShop Pro: "2-in-1" solution for business households
Faced with the requirement of standardization according to new regulations, commercial banks are actively supporting business households to convert more conveniently, with solutions to support opening accounts with the right name, for the right purpose of use, and at the same time advise on transaction procedures suitable to business characteristics.
In which, BIDV said it is ready to accompany business households with synchronous financial solutions, meeting the needs of all household and individual business customers to comply with legal regulations. BIDV is the first bank to integrate MyShop Pro sales management solution with diverse and complete features right on the BIDV SmartBanking application. With only one application, one user (name/phone number) to log in, customers can simultaneously use both business household and individual business household accounts, helping to optimize cash flow as well as maximize the utilities and incentives of the bank for both subjects.
At the same time, to support business households to quickly adapt to new requirements, BIDV is implementing a series of incentives:
- MyShop Pro lifetime free for customers who register until June 30, 2026.
- Offers when using Payment Loudspeaker.
- Free 6-month package for using electronic invoices and digital signatures (until March 31, 2026).
By combining compliance with regulations and optimal operation, the BIDV SmartBanking application integrated with MyShop Pro is expected to help business households transform conveniently, manage methodically, and grow sustainably in the new period.
