In 2026, the establishment of enterprises in Vietnam continues to be regarded as more favorable, thanks to positive adjustments in tax policies and the regulatory framework governing business operations. One notable development that directly benefits newly established enterprises is the abolition of the annual business license tax. This policy change helps reduce compliance costs, particularly for small and medium-sized enterprises, start-ups, and emerging business models.

The removal of the business license tax eases the financial burden on enterprises, allowing them to focus their resources on core activities during the initial stage of operation, such as building their organizational structure, investing in facilities, developing products, and expanding market presence. However, notwithstanding these cost-related advantages, newly established enterprises must still ensure full compliance with other legal obligations, including accurate registration of business lines, fulfillment of charter capital commitments, proper declaration and payment of applicable taxes, and compliance with statutory reporting requirements.

Thorough preparation of incorporation documents and obtaining appropriate legal advice from the outset will enable enterprises to operate in a stable manner, mitigate legal risks, and effectively take advantage of preferential policies during their early stages of development.