- Revenue from e-commerce in Vietnam reached $22.35 million this year.
- Tax authorities collected and handled violations amounting to $11.4 million from businesses and individuals.
- The total value of e-commerce goods and consumption in Vietnam increased from $8 billion in 2020 to $16.4 billion in 2023.
- The market size is expected to reach $21.3 billion this year and $57 billion by 2025.
- About 60% of the population in Vietnam participate in online shopping.
- The tax authority recorded 357 e-commerce trading floors by the end of this year.
- The E-commerce Information Portal has been effective in tax management, with increased tax declarations compared to last year.
- Vietnam is one of the leading countries in the ASEAN region in collecting taxes through electronic information portals for cross-border suppliers.
- 74 foreign suppliers have registered and paid taxes through the electronic portal, with a total tax paid of $350 million.
- The cumulative revenue from e-commerce activities through Vietnamese organizations is over $230 million from 2018 to 2023.
- Foreign suppliers have voluntarily paid over $430 million in direct taxes since the operation of the electronic information portal.
- The tax authorities will provide unified guidance on managing tax payers and revenue sources from e-commerce trading floors.
- Digital map applications have been deployed to promote digital transformation in tax management.
Source: vietnamnews.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
