A total of 115 foreign suppliers have registered and paid taxes through the electronic portal, contributing over VNĐ18 trillion (US$711.88 million) to the state budget, according to the Ministry of Finance’s General Department of Taxation (GDT).
The General Department of Taxation’s portal https://etaxvn.gdt.gov.vn/nccnn/Reques was exclusively developed for foreign suppliers and put in place on March 21 last year.
Viet Nam’s e-commerce sector has enjoyed impressive growth in recent years, with the market scale projected to increase to US$49 billion, even $57 billion by Google, by 2025, from only $4 billion in 2015.