How long must a household business operate continuously before receiving assistance when converting to a small and medium-sized enterprise in Vietnam?

Clause 1, Article 16 of the Law on providing assistance for small and medium-sized enterprises 2017 stipulates:

Small and medium-sized enterprises converted from household businesses are supported if they meet the following conditions:

a) Prior to establishing the enterprise, the household business has registered and operated in accordance with legal regulations;

b) The household business has engaged in continuous production and business activities for at least one year up to the date of issuance of the first Business Registration Certificate.

household businesses that have engaged in continuous production and business activities for at least one year up to the date of issuance of the first Business Registration Certificate and meet the conditions for prior household business registration will be eligible for support when transitioning to a small enterprise.

The content of the support includes:

a) Free consultation and guidance on documents and procedures for establishing an enterprise;

b) Exemption from enterprise registration fees and first-time enterprise information provision fees; exemption from appraisal fees, fees, and first-time business licensing fees for conditional business sectors and professions; exemption from license tax for a period of 3 years from the date of issuance of the first Business Registration Certificate;

c) Free consultation and guidance on tax administrative procedures and accounting policies for a period of 3 years from the date of issuance of the first Business Registration Certificate;

d) Exemption and reduction of corporate income tax for a limited period according to the provisions of the law on corporate income tax;

dd) Exemption and reduction of land levy for a limited period according to the provisions of the law on land.

Yours sincerely!