Is an enterprise with total revenue not exceeding 50 billion a small enterprise?

View Post in Vietnamese: >> Doanh nghiệp có tổng doanh thu không quá 50 tỷ có phải doanh nghiệp nhỏ?

Does our enterprise, which operates in the agricultural sector with an average annual revenue of approximately 40-45 billion VND and total capital of 18.5 billion VND, qualify as a small enterprise?

Clause 2, Article 6, Decree 39/2018/ND-CP stipulates on small enterprises as follows:

- Small enterprises in the fields of agriculture, forestry, fisheries, and industry, construction have an average annual number of employees participating in social insurance not exceeding 100 people, and an annual total revenue not exceeding 50 billion VND or total capital not exceeding 20 billion VND, but are not micro-enterprises as stipulated in Clause 1 of this Article.

- Small enterprises in the fields of commerce and services have an average annual number of employees participating in social insurance not exceeding 50 people, and an annual total revenue not exceeding 100 billion VND or total capital not exceeding 50 billion VND, but are not micro-enterprises as stipulated in Clause 1 of this Article.

Accordingly, the determination of small enterprises will be based on the field of operation of the enterprise, the number of employees participating in social insurance, revenue, and total capital.

Therefore, if your enterprise operates in the field of agriculture, has an annual revenue of 40-45 billion VND, and total capital is 18.5 billion VND, if the average annual number of employees participating in social insurance does not exceed 100 people, it will be identified as a small enterprise.

Respectfully!

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