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When will the tax procedure bottleneck be resolved to put an end to the 'zombie' companies? (Note: 'Zombie' companies refer to companies that are struggling to survive due to financial difficulties, often with a significant amount of debt.)

Vietstock Kinh te dau tu (The gioi) • 05/26/2026 Neutral
When will the tax procedure bottleneck be resolved to put an end to the 'zombie' companies? (Note: 'Zombie' companies refer to companies that are struggling to survive due to financial difficulties, often with a significant amount of debt.)

Summary

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Nearly one million businesses and household enterprises in Vietnam remain inactive, yet still exist, due to cumbersome procedures for dissolution and closure of tax registration numbers.

AI quick analysis

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Background & Analysis Scope

  • Nearly one million businesses and household businesses in Vietnam are "suspended" due to complex procedures for dissolution and tax number closure.
  • The driving force for the government to remove tax procedure bottlenecks to help "zombie" businesses dissolve more easily.
  • Mechanism of Action:
  • Removing tax procedure bottlenecks will help minimize costs and time for "zombie" businesses to dissolve more easily.
  • Impact on cash flow and valuation of operating businesses when no longer competing with "zombie" businesses.
  • The level of surprise from the news is high, as current dissolution and tax number closure procedures are still very complex.
  • Industry/Code Groups Benefiting or Under Pressure:
  • Benefiting:
  • Industries related to business support services, such as legal consulting, accounting, and auditing.
  • Under Pressure:
  • Businesses operating in the same industry as "zombie" businesses will see their competitive advantage decrease when "zombie" businesses are dissolved.

Risks to watch

  • Risk of economic instability when many "zombie" businesses are dissolved simultaneously.
  • Risk of changes in tax policy and dissolution procedures.
  • Short-Term Timeframe:
  • In the short term, removing tax procedure bottlenecks will help minimize the number of "zombie" businesses in the economy.
  • In the medium and long term, there will be a positive impact on cash flow and valuation of operating businesses.

AI-assisted synthesis only. Not investment advice.

Potentially affected tickers

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MSTNeutral

Price: updating

Directly mentioned in the story; current tone is neutral.

Explicitly mentioned in the story

Source excerpt

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Among the reasons why nearly one million businesses and household businesses are no longer operating at their registered addresses and are in a state of "living dead" (zombie) status, cannot be overlooked is the excessively complex procedure for dissolution and closure of tax codes (MST).