AN ANALYSIS OF THE IMPACTS OF TAX AND SOCIAL INSURANCE POLICIES ON BUSINESS HOUSEHOLDS IN CONTEMPORARY VIETNAM

Abstract

In the context of rapid digital transformation and deepening international economic integration, Vietnam’s legal framework has undergone comprehensive reforms in tax and social insurance (SI) policies, particularly since June 2025. Key legal documents—such as Decree No. 70/2025/NĐ-CP, the 2024 Social Insurance Law, the 2024 Value-Added Tax Law, and their accompanying guidelines—have laid the foundation for modernizing the administration of tax and social insurance systems, enhancing financial transparency, and strengthening the protection of workers’ rights as well as those of business entities. These reforms not only standardize and clarify the legal framework but also create significant transitional pressures for business households, requiring them to adapt to electronic tax declarations and payment procedures, as well as updated obligations related to the social insurance participation. This paper systematizes the major recent changes in tax and social insurance policies and analyzes their positive and negative impacts on the production and business activities of business households in the current context.