Vietnam to Try New "One-Person Business" Model

The plan has big goals for 2030, like 1 million one-person businesses and 10,000 tech startups. It also wants to be one of the world's top innovation ecosystems.
By 2045, Vietnam wants to have a strong startup economy with many people starting their own businesses.
The government is working on a plan to make this vision a reality.
Most businesses in Vietnam are small family businesses, but they have trouble growing. The new model could help them.
The "one-person business" model is a new way for people to start businesses using digital tools. It could help Vietnam's digital economy grow.
In strong economies, there are usually around 30 people per business. Vietnam has many more people per business, so it needs to create more jobs and encourage entrepreneurship.
The government is working to make taxes and reporting easier for one-person businesses.
New digital technologies are changing how businesses work. Some companies are now run by just one person and are worth billions of dollars.
To succeed, businesses must adapt to these changes. In Vietnam, many freelancers are already working in a similar way to one-person businesses.