The event aims to clarify the current landscape, conditions, and solutions for the “digital enabler banking” model to effectively support businesses and drive sustainable growth.
The adjustment aims for greater flexibility, with the threshold to be raised to approximately VND1 billion ($38,000) to reflect economic realities, support household businesses, and ensure budget balance.
Once fully operational in both directions, the system will establish a comprehensive cross-border QR payment ecosystem, boosting tourism, trade, and consumer spending between the two countries.
If the new revenue threshold is applicable, about 2.3 million business households will be exempted from income tax, accounting for approximately 90% of the total business households currently paying taxes.
Chairman of the City People's Committee, Nguyen Van Duoc, said that the city is entering a new phase of development, however, the two biggest bottlenecks today are institutions and capital.