Vietnam eases accounting and registration rules for super‑small enterprises

Effective 1 July, Vietnam’s Ministry of Finance allows super‑small enterprises to appoint parents, spouses, children or siblings as accountants and removes the requirement to appoint a chief accountant. These firms may also pay corporate income tax as a percentage of sales and, in many cases, are exempt from preparing annual financial statements.

At the same time, a government decree reduces the list of conditional investment sectors from 198 to 142 and streamlines administrative procedures. In Hanoi, business registration processing times are cut to two days for new entities and four days for closures, speeding up the start‑up process for entrepreneurs.