Vietnam pushes electronic invoicing and banking reforms for small businesses

New regulations such as Decree 68, Circular 18 and Circular 25/2025 require household‑type businesses with annual revenue over 200 million VND to open dedicated bank accounts and use electronic invoices starting 1 March 2026. Many owners still rely on manual bookkeeping and personal accounts, creating compliance challenges.

BVBank responded with a fully online account‑opening service on its Digimi app and the Digistore merchant platform, which integrates e‑invoicing, digital signatures, inventory and cash‑flow management. The solution aims to separate personal and business finances and simplify tax reporting for small traders.

These measures are part of Vietnam’s broader goal of achieving two‑digit GDP growth through 2026‑2030. In the first five months of 2026, exports reached US$445 billion (+25 %), FDI commitments topped US$24 billion (+33 %), retail sales rose more than 11 %, and tourism recorded a record 11 million international arrivals (+15 %). Inflation remained modest, with the consumer‑price index up 0.3 % month‑on‑month but 5.6 % year‑on‑year, prompting cautious policy adjustments.

Government actions to streamline procedures are estimated to save firms up to US$1 billion annually and cut processing times by about 53 %, strengthening the PMI and sustaining investor confidence.