Vietnamese Lawmaker Calls for Easing the Burden on Business Individuals Becoming Companies

On the morning of November 12, 2026, Vietnam’s 16th National Assembly held its first question and answer session of the term. After the session on finance, Tây Ninh lawmaker Nguyễn Đình Xuân said in an interview that business individuals face additional accounting, tax filing and inspection obligations when they become companies. He called for equal treatment of business individuals and companies, along with more incentives and support during the transition.

Tây Ninh lawmaker Nguyễn Đình Xuân.（VietVance）

Nguyễn Đình Xuân said establishing a company may take only a day, while procedures to cancel a tax code can take months. Such obstacles may make some people hesitant to establish a company. He said tax and fiscal policies should support small and medium sized enterprises and microenterprises as well as large companies, to help create jobs and drive economic growth.

Employees at work in a company.（VietVance）

In his view, Finance Minister Ngô Văn Tuấn gave reasonably satisfactory answers to about 90% of the questions that morning. Some matters, including tax issues affecting certain people’s ability to leave the country, still require written responses.

Nguyễn Đình Xuân said Ngô Văn Tuấn had proposed simplifying tax code cancellation procedures and submitting a proposal to the competent authorities to consider exemptions from certain taxes during the process. The minister also pledged to submit the matter during the current National Assembly session. Xuân hopes the measures will help companies that have ceased operations but still have unresolved issues, such as small outstanding business license tax payments. The proposals remain subject to consideration.

Source: VietVance