Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
Vietnam’s General Department of Taxation announced today, July 15, that it will enhance scrutiny over income earned from e-commerce and live commerce to reduce lost tax revenue.
This decision was made during a mid-year review conference.
The department will monitor potential violations and refer such cases to law enforcement agencies, according to Vietnam News Agency (VNA).
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
In the first half of this year, total taxable revenues from e-commerce reached VND1,800 trillion, with taxes paid at some VND50 trillion, up by 23% year-on-year.
During the same period, 4,560 violations were discovered, resulting in VND297 billion of penalties.
Source: The Saigon Times
Related News
CHARITY / EXHIBITION / OTHER EVENTS
GLOBAL SOURCING FAIR VIETNAM 2025
Global Sourcing Fair Vietnam 2025, held from 24-26 April at the Saigon Exhibition & Convention Center (SECC), Ho Chi Minh City, is the must-attend international expo for sourcing Fashion & Accessories and Home & Gifts
VIETNAM ECONOMY INVESTMENT
VIETNAMESE ENTERPRISES GRAPPLE WITH CHALLENGES IN Q3
In many sectors, businesses acknowledged that simply breaking even was an accomplishment this year. A prominent example is Nam Sông Hậu Trading Investment Petroleum JSC, once a leading fuel distributor in the Mekong Delta.
BANKING / FINANCE / INSURANCE / TAX
CENTRAL BANK ISSUES NEW DECISIONS ON DEPOSIT INTEREST RATES
The other holds that the maximum interest rate for Vietnamese đồng-denominated deposits with terms of less than one month of organisations and individuals at credit institutions and foreign bank branches is 0.5 per cent per year. Additionally the maximum interest rate applied to deposits with terms from one month to less than six months is 4.75 per cent per year.
PROPERTY / INDUSTRIAL ZONE
REAL ESTATE BUSINESSES EXPAND INTEREST IN AVAILABLE LAND TO THRIVE IN 2025
Real estate companies are vigorously seeking available land to prepare for a new wave of investment in 2025.The Ministry of Construction’s October report highlighted that legality, liquidity, and land use fees are the primary considerations for businesses selecting land investments.
VIETNAM ECONOMY INVESTMENT
VIETNAM SET TO ENHANCE CUSTOMS QUALITY AND EFFICIENCY
The policy outlines the GDC's objectives to enhance the effectiveness and efficiency of State customs management, align with development and international integration needs, and streamline the import, export and transit of goods, as well as the entry, exit and transit of means of transport.
TECHNOLOGY
HIGH-TECH PERSONNEL TO DRIVE COMPETITION
Vietnam is advancing new mechanisms and incentives to strengthen workforce quality as part of a strategy to engage high-tech investment and enhance its economic competitiveness. The government announced at a recent National Assembly (NA) session that it would increase investments in education and training quality in the next few months.
Events Sponsors
