•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Pham Thi Hong Yen, a member of the National Assembly’s Economic and Finance Committee, said raising the turnover threshold for tax liability to 1 billion dong would help business households reduce their tax burden, accumulate capital, and expand production. She made the remarks after the National Assembly passed the Law amending and supplementing several provisions of the Tax Laws on the morning of April 24, which removes the 500 million dong turnover threshold that triggers taxation for business households.
Under the law, the government will specify the exact revenue level subject to tax, with the proposal expected to raise the threshold to 1 billion dong. At a press briefing on the session’s results, Yen said that increasing the turnover threshold that triggers taxation is not linked to personal income tax (PIT) or value-added tax (VAT) rates being raised to 1 billion dong.
She argued the move would reduce the tax burden for nearly 5 million households and small enterprises and cooperatives. “Doubling the revenue threshold exempt from tax will help this group secure livelihoods and incentivize business households to convert to cooperatives or enterprises,” Yen said.
Government reports cited in the briefing indicate Vietnam currently has about 2.55 million households and individuals conducting business with turnover under 1 billion dong. If the taxation threshold is raised to 1 billion dong, the budget is projected to lose 16,650 billion dong in revenue for 2025 and 4,850 billion dong compared with the 500 million dong threshold.
Some National Assembly delegates also proposed applying sector-specific tax thresholds. The government responded that PIT and VAT rates are already differentiated by sector, which it said helps ensure fairness. It also noted that the exemption threshold is the starting point for revenue, and that income differences across sectors are not large.
The Ministry of Finance said that between 2022 and 2025, Vietnam had 3–4 million business households, and that more than 2 million paid taxes regularly, contributing about 2% of total government revenue. In 2025, tax revenue from this segment reached 32,840 billion dong, up 37.5% year-on-year.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
