Is it compulsory to write business lines codes according to Vietnam Standard Industrial Classification when registering business lines for a household business in Vietnam?

Is it compulsory to write business lines codes according to Vietnam Standard Industrial Classification when registering business lines for a household business in Vietnam?

Pursuant to Article 89 of the Decree 01/2021/NĐ-CP stipulating business lines of a household business in Vietnam as follows:

1. When applying for registration of a new household business, the household business shall write the business lines on the application form for household business registration or notification of changes to household business registration information. The district-level business registration authority shall write the business lines on the certificate of household business registration.

2. A household business are entitled to engage in conditional business lines from the day on which all business conditions are fulfilled and must maintain the fulfillment of such conditions throughout its operation. Specialized agencies are in charge of management and inspection of conditional business lines and fulfillment of conditions.

3. In case the district-level business registration authority receives a notification from a competent authority that the household business engages in conditional business lines without satisfying all conditions, the district-level business registration authority shall request the household business to stop engaging in the conditional business lines and notify a competent authority to handle the case in accordance with regulations of law.

As regulations above, the law doesn't require to write business lines codes according to Vietnam Standard Industrial Classification when registering business lines for a household business in Vietnam. Therefore, you don't have to write business lines codes for your household business.

What is the time limit for registration of changes to the certificate of household business registration in Vietnam?

Pursuant to Article 90 of the Decree 01/2021/NĐ-CP stipulating registration of changes to household business registration information in Vietnam as follows:

1. The owner of the household business shall apply for registration of changes to the certificate of household business registration with the business registration authority within 10 days from the occurrence of such changes.

2. When changing household business registration information, except the cases prescribed in Clause 3 and Clause 4 of this Article, the household business shall send an application for changes to household business registration information to the district-level business registration authority where the household business is registered. The application includes the following documents:

a) The notification of changes to household business registration information which bears the signature of the owner of the household business;

b) The copy of the minutes of meeting of family household members on changes to household business registration information if the household business is established by family household members;

3. In case of replacement of the owner of the household business, the household business sends the application for changes to household business registration information to the district-level business registration authority where the household business is registered. The application includes the following documents:

a) The notification of replacement of the owner of the household business which bears the signatures of the old owner and the new older, or which bears the signature of the new owner in case of replacement of the owner of the household business due to inheritance;

b) A sale contract or documents proving completion of the sale of the household business; donation contract; copy of the certificate of the inheritor’s lawful right to inheritance in case of replacement of the owner of the household business due to inheritance;

c) The copy of the minutes of meeting of family household members on replacement of the owner of the household business if the household business is established by family household members;

d) The copy of the letter of authorization made by the family household members to authorize a person to act as the owner of the household business in case the household business is established by family household members.

After the sale, donation or inheritance of the household business, the household business shall still be liable to debts and other asset-related liabilities incurred by the household business before the transfer of the household business, unless otherwise agreed upon by the household business, buyer, beneficiary, inheritor and creditors.

4. In case a household business is relocated to another district, the household business must send an application for relocation to the business registration authority of the district to which it is relocated. The application must include copies of the following documents:

a) The notification of changes to household business registration information which bears the signature of the owner of the household business;

b) The copy of the minutes of meeting of family household members on relocation of the household business if the household business is established by family household members;

c) Copies of legal documents of the owner of the household business or family household members applying for household business registration.

5. When receiving the application, the district-level business registration authority shall give a confirmation slip and issue the certificate of household business registration to the household business within 03 working days from the receipt of the valid application. If the application is not satisfactory, within 03 working days from the receipt of the application, the district-level business registration authority shall inform the household business of necessary revisions.

Within 03 working days from the issuance date of the certificate of business household registration, the business registration authority of the district to which the household business is relocated must send a notification to the business registration authority of the district where the business household was registered.

6. When receiving a new certificate of household business registration in case of changes to household business registration information, the old certificate must be returned.

As regulations above, you shall apply for registration of changes to the certificate of household business registration with the business registration authority within 10 days from the occurrence of such changes.

Which authority shall be notified when a household business suspends its business in Vietnam?

Pursuant to Article 91 of the Decree 01/2021/NĐ-CP stipulating business suspension and resumption of business ahead of notified schedule in Vietnam as follows:

1. If the suspension period is 30 days or longer, the household business must send a notification to the business registration authority of district where it was registered and its supervisory tax authority.

2. If the household business suspends business or resumes its business ahead of the notified schedule, the household business shall send a written notification to the business registration authority of district where it was registered at least 03 working days before the planned date of business suspension or resumption of business ahead of the notified schedule. Such notification must be enclosed with the copy of the minutes of the meeting of family household members on business suspension or resumption of business ahead of schedule if the household business is established by family household members. When receiving the notification, the district-level business registration authority shall give a confirmation slip to the household business. Within 03 working days from the receipt of the valid application, the district-level business registration authority shall issue a certificate of registration of business suspension or certificate of registration of resumption of business ahead of the notified schedule to the household business.

As regulations above, if the household business suspends its operation 30 days or longer, it must send a notification to the business registration authority of district where it was registered and its supervisory tax authority.

Best regards!