Want to be in the loop?
subscribe to
our notification
Business News
E-COMMERCE TAX REVENUE RISES 19% IN Q1
A shopper browses an online fashion platform in Vietnam - PHOTO: N.K
HCMC – Vietnam collected VND34.5 trillion in taxes from e-commerce businesses in the first quarter of this year, up 19% year-on-year, showed data from the Ministry of Finance.
Over the past three years, tax revenue from individuals and organizations active in the e-commerce sector has totaled VND296 trillion, the Vietnam News Agency reported.
To streamline tax compliance for e-commerce operators, a dedicated online tax portal was launched on December 19, 2024. The portal enables business households and individuals to register, declare, and pay taxes on digital and e-commerce platforms.
As of March 19 this year, the portal had facilitated tax registration and payment for over 55,000 users, contributing nearly VND410 billion to the state budget. Hanoi led the nation in tax payments via the portal with VND261 billion, followed by HCMC with VND71 billion. Nam Dinh and Bac Ninh provinces contributed VND7.1 billion and VND5.4 billion, respectively.
The Ministry of Finance also reported that 135 foreign suppliers have registered and paid nearly VND23 trillion in taxes through a separate online portal for overseas digital service providers.
In a bid to enhance oversight, the General Department of Taxation is drafting guidelines for managing e-commerce activities. It is also finalizing infrastructure and documentation to implement new regulations under a draft decree on tax administration for e-commerce and digital platform businesses.
Source: The Saigon Times
Related News
MEMBER CORNER / PROMOTIONS
VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026
Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.
BANKING / FINANCE / INSURANCE / TAX
VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS
Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.
VIETNAM ECONOMY INVESTMENT
HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH
From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.
VIETNAM ECONOMY INVESTMENT
CHINESE INVESTMENT WAVE OPENS NEW DOORS
As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.
VIETNAM ECONOMY INVESTMENT
VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET
Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.
VIETNAM ECONOMY INVESTMENT
ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND
In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.
Events Sponsors
