1. The subject -Private business: due to an individual master the entire capital contribution, solely the entire benefit, responsibility. Mastering conditions of private business is Vietnam's citizens over 18 years of age, may be alien but must satisfy the conditions on trade behavior due to the law of that country. -Business households: Vietnam citizenship by individuals or a group, a household master, which together manage model development, and responsible for their activities. 2. business scale -Private business + Larger + Unlimited scale, capital, business locations + Not allowed to export, import -Business Household + Smaller + Business traded must choose a fixed location to business registration, may be where registered permanent residence, shelter or regular place of business. + If traded, external business business location to inform tax agencies, business management ... + Not allowed to export, import. 3. Employment -Private business: no restrictions -Business households: limit of 10 employees who 4. Business conditions -Private business: forced registration, must register in the acute business to be granted the certificate of business registration, must have the seal of the police management level -Business Household: only in a certain case, business registration at the district-level bodies and no seals. 5. Advantages -Private enterprises: an owner, in deciding the issue of the business loan easily, due to his responsibility regime. -Business households: compact mode, scale from simple bookkeeping, personal fit small retail business. 6. The downside -Private business: no legal personality, the business owner is responsible for infinite on the property of the business owner. -Business: Households have no legal personality, responsible by the entire property of active nature, fragmented.
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