Can one person participate in many business households in Vietnam?

Can one person participate in many business households in Vietnam?

Pursuant to Article 80 of the Decree No. 01/2021/ND-CP on the establishment of business households as follows:

1. Any individual or family household member that is a Vietnamese citizen and has full legal capacity as prescribed in the Civil Code shall have the right to establish household businesses in accordance with this Chapter, except the following cases:

a) Minors; people with limited legal capacity; incapacitated people; people having difficulties in controlling their behaviors;

b) People who are facing criminal prosecution, kept in temporary detention, serving an imprisonment sentence, serving an administrative penalty in a correctional institution or rehabilitation center, or is prohibited by the court from holding certain positions or doing certain works;

c) Other cases prescribed by relevant laws.

2. Each individual or family household member mentioned in Clause 1 of this Article may register only one household business nationwide, and is entitled to contribute capital to and buy shares/stakes of other enterprises as an individual.

3. Individuals and family household members that apply for household business registration must not concurrently hold the position of sole proprietor, general partner of a partnership, unless otherwise agreed by the other general partners.

According to the above regulations, you can only be a member of one business household nationwide, not simultaneously registered as a member of two  different business households in Vietnam.

In case of violation of regulations on business household registration in Vietnam, how much will the penalty be?

 Article 62 of Decree 122/2021/ND-CP stipulates the registration of business households as follows:

1. A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed:

a) upon any individual or member of a household registering more than one household business; or

b) for establishing a household business despite not having the right to establish household businesses; or

c) for failure to apply for household business registration where the registration is compulsory as prescribed; or

d) for failure to apply for registration of changes to the certificate of household business registration with the district-level business registration authority within 10 days from the occurrence of such changes..

Thus, in case of registering many business households like yours, they may be fined from VND 5,000,000 to VND 10,000,000 depending on the level in Vietnam.

Best Regards!