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Update news cross-border services
Foreign enterprises doing business in Vietnam must store key internet data on servers located within the country, according to a new government decree.
Vietnam has taxed global tech companies like Google, Facebook and Microsoft an average of over 1 trillion VND (43.71 million USD) annually for their cross-border goods and services between 2018 and 2021
According to the General Department of Taxation, there are 15 large corporations and technology companies in the world earning a lot of money from Vietnam through cross-border businesses.
VietNamNet Bridge – Experts forecast that the Trans-Pacific Partnership (TPP) will bring about sweeping changes within the Vietnamese financial market, however, thorough preparation is needed to maximize potential benefits.