cross-border platforms

Update news cross-border platforms

With cooperation from the Ministry of Health (MOH), the Ministry of Information and Communications (MIC) has requested cross-border platforms to block exaggerated and untrue ads.

E-commerce tax collection still "modest"

The Ministry of Finance reported that revenue from e-commerce activities through organisations in Vietnam declared and paid on behalf of contractor tax since 2018 has reached nearly VND5.6 trillion (US$233.3 million).

Foreign movies that violate Vietnamese laws will not be protected

Deputy Minister of Information and Communications Nguyen Thanh Lam said that Vietnam would not accept foreign firms that do not observe Vietnamese laws when providing movies through cross-border platforms.

42 foreign service providers fulfill tax obligations in Vietnam

Up to 42 foreign service providers have registered, declared and paid tax with a total amount of VND 1.9 trillion (US$ 82 million) to the portal for tax payment of cross border activities, according to the General Department of Taxation.

Tax revenue from e-businesses below expectations

Tax revenues from e-commerce activities have risen over the years, but they are still far behind the industry’s expansion rate, the Ministry of Finance reported.

Ministry to crack down on Internet ads violations

The Ministry of Information and Communications held a conference in Hanoi on November 30 to roll out Internet advertising management measures.

Google, Facebook, TikTok, Apple and other int'l platforms pay VND1.8 trillion in tax

The amount of tax paid by cross-border platforms such as Google, Meta and Netflix in January-October 2022 was VND1.8 trillion, according to Dang Ngoc Minh, Deputy General Director of the General Department of Taxation (GDT).

Ecommerce platforms not required to pay taxes on behalf of sellers

Ecommerce platform operators in Vietnam will have to provide tax agencies with information about sellers, instead of having to pay taxes on their behalf.

Foreign social networking services dominate nearly 70 percent of market share

Answering questions from deputies at the National Assembly session, Minister of Information and Communications Nguyen Manh Hung revealed that foreign social networking services dominate nearly 70% of the market share of online advertising revenue.

US$2.5 billion online ad market dominated by foreign platforms

About US$2.5 billion has been spent on online ads and digital marketing in 2022, most of which has gone to Facebook, Google and TikTok, according to the Vietnam E-Commerce Association (Vecom).

Facebook, Google pay VND2 trillion in tax in five years

This is the amount of contractor tax paid by the platforms.

Data deemed safer in law alteration

Foreign enterprises doing business in Vietnam must store key internet data on servers located within the country, according to a new government decree.

VN companies can now compete fairly with cross-border platforms

Cross-border TV OTT platforms will have to have operating licenses and pay tax, and domestic firms will be subjected to looser censorship, thus creating opportunities for domestic firms to compete with foreign ones.

Digital content firms are at disadvantage in international lawsuits

Many enterprises say that Vietnam lacks effective tools to fight unhealthy competition. There are legal documents to cover the issue but it is difficult to apply and enforce them.

Foreign service providers fulfill tax obligations in Vietnam

Since the portal for tax payment of cross border activities was launched on March 21 this year, 36 foreign service providers have registered, declared and paid taxes through it, heard a webinar held by the Government Portal on September 29.

Vietnamese tax agency asks Netflix to pay taxes

The General Department of Taxation has sent an official dispatch requesting Netflix to fulfill its tax declaration and payment obligations in accordance with Vietnamese tax law.

Vietnam’s digital transformation needs change of awareness

If Vietnamese enterprises want to compete with foreign rivals, they must make their own product eco-system learn and apply smart policies to dominate the market.

Vietnam to strictly handle tax 'dodging' of cross-border platforms

Local tax authorities are closely monitoring activities and collecting cash flow data of cross-border platforms such as Facebook, Google, and YouTube, and strictly handling tax fraud.

Taxing cross-border platforms: Vietnam tries to fight losses

Cross-border businesses providing services directly to individual users earn huge revenue from Vietnamese customers but they have not paid taxes to Vietnam.

Taxing cross-border platforms: Vietnam tries to fight losses

Cross-border businesses providing services directly to individual users earn huge revenue from Vietnamese customers but they have not paid taxes to Vietnam.