Is it permissible for individuals to establish more than one household businesses in Vietnam?

Is it permissible for individuals to establish more than one household business in Vietnam?

Pursuant to Clause 2, Article 80 of the Decree 01/2021/NĐ-CP stipulating rights to establish household businesses and obligations to apply for household business registration in Vietnam as follows: 

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.

As regulations above, each individual are permissible to register only one household business nationwide.

Is there a penalty for registering more than one business household in Vietnam?

Pursuant to Article 62 of the 122/2021/NĐ-CP stipulating violations against regulations on household business registration in Vietnam 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.

As regulations above, if you register more than one household business, you shall be fined from VND 5,000,000 to VND 10,000,000.

Best regards!