New policy is needed to control Facebook in Vietnam

Experts, citing international practice, say it is necessary to set up a specific mechanism to control cross-border social networks strong enough to deter violators and favorable enough to ensure a fair playing field for all social networks.

Facebook, the largest social network on the planet, has 2.3 billion users, including 68 million in Vietnam.

New policy is needed to control Facebook in Vietnam

It is the place from which fake news and videos with bad content are distributed

Since it began in Vietnam in 2008, the giant has swallowed all rivals in the country.

However, Facebook not only brings the benefit of connecting the community, but also many other consequences. It is the place from which fake news and videos with bad content are distributed, and a place for illegal goods traders.

In Vietnam, Facebook can make big money by lending a hand to bad ads about unlicensed beauty centers, debt collection services, gambling, disguised prostitution and counterfeit money trading.

Facebook has been inadvertently lending a hand to people to sell counterfeit and fake goods by allowing livestreaming to sell goods ever since Covid-19 broke out.

The State Bank of Vietnam reported that as of 2018, Facebook and Google had revenue of $900 million from ads in Vietnam. Meanwhile, Vietnam earned no dong in tax from them, because Facebook doesn’t have a legal entity in Vietnam.

Analysts believe that the amount of tax Vietnam fails to collect from Facebook is huge. In fact, this is a common problem of many countries as Facebook avoids tax by transferring its profit to tax havens.

In 2019, it only paid 28 million pounds in tax in the UK for revenue of 1.6 billion pounds.

 

Thus, European countries have decided to change the way of taxation by planning to impose e-tax on subjects that consume goods and services. This does not depend on whether there is a commercial presence or not.

While European countries are still fumbling for a reasonable solution, Southeast Asian countries have been at the forefront in taxing cross-border platforms and services, including Facebook and Google.

In August, Indonesia announced a 10 percent VAT imposition on Facebook and TikTok on revenue created in the country.

Vietnam has a foreign contractor tax (FCT), but the platforms don’t fulfill their tax obligations. FCT includes VAT, corporate income tax (CIT) and personal income tax. To date, only Netflix has stated it will observe Vietnamese laws, including the tax obligation.

Minister of Information and Communication Nguyen Manh Hung has mentioned a solution believed to solve the problem to the root – identifying social network users.

“We consider this a radical solution so that users no longer think that members on social media are anonymous, so they have to be responsible for their behaviors on social networks,” Hung said. 

Phuong Nguyen

60 percent of online orders in Vietnam made on social networks

60 percent of online orders in Vietnam made on social networks

Vietnamese people are shopping on social networks more than on e-commerce websites. The payment methods for goods exchanged on the social networks, however, remains very ‘primitive’.

Facebook, social networks abused by phishing attacks

Facebook, social networks abused by phishing attacks

Social networks, including Facebook, have become the ideal environment for cybercriminals to seek profits by phishing.

 
 

Other News

.
Prime Minister: "Digital technology enterprises must pioneer in innovation"
Prime Minister: "Digital technology enterprises must pioneer in innovation"
FEATUREicon  26/12/2020 

At the National Forum on Developing Digital Technology Businesses 2020, Deputy Minister of Information and Communications Phan Tam read a letter from Prime Minister Nguyen Xuan Phuc to the Vietnamese digital technology business community.

“Make in Vietnam” and "tell your Vietnamese story":  MIC Minister
“Make in Vietnam” and "tell your Vietnamese story": MIC Minister
FEATUREicon  25/12/2020 

Minister of Information and Communications (MIC) Nguyen Manh Hung has called on every Vietnamese citizen and enterprise to take part in “Make in Vietnam” and tell their own Vietnamese story.

Unified corporate governance platform launched
Unified corporate governance platform launched
SCI-TECH & ENVIRONMENTicon  25/12/2020 

More than 12,000 enterprises are currently using the MISA AMIS platform, which is one of the digital platforms under the Make in Vietnam campaign, helping enterprises embark on the digital transformation process.

Nearly 2 million mobile subscribers successfully switch between carriers
Nearly 2 million mobile subscribers successfully switch between carriers
SCI-TECH & ENVIRONMENTicon  25/12/2020 

Vietnam Telecommunications Authority (under the Ministry of Information and Communications) and domestic telecoms businesses have just held a summary meeting for the scheme ‘Mobile Number Portability – MNP’.

Vietnam's top 10 science and technology events in 2020
Vietnam's top 10 science and technology events in 2020
FEATUREicon  25/12/2020 

The 10 events were voted on by 60 science and technology journalists at 25 media agencies throughout the country.

Project aims to complete natural resources, environment database
Project aims to complete natural resources, environment database
SCI-TECH & ENVIRONMENTicon  25/12/2020 

Prime Minister Nguyen Xuan Phuc has approved a project to complete a database on natural resources and the environment connected with the information systems and databases of ministries, sectors, and localities.

Coc Coc named Vietnam’s second largest browser
Coc Coc named Vietnam’s second largest browser
SCI-TECH & ENVIRONMENTicon  24/12/2020 

Coc Coc browser and search engine developed by the Hanoi-based technology company of the same name has attracted 25 million users, becoming the second largest in the Vietnamese market.

Vietnam offering 5G free of charge in many locations
Vietnam offering 5G free of charge in many locations
SCI-TECH & ENVIRONMENTicon  24/12/2020 

Until now, the three largest mobile network providers in Vietnam, namely Viettel, VinaPhone, and MobiFone, have all piloted 5G technology commercially in the two major cities of Hanoi and Ho Chi Minh City (HCMC).

Investing in resilience to erratic future
Investing in resilience to erratic future
SCI-TECH & ENVIRONMENTicon  25/12/2020 

As the tides of catastrophe recede, leaving Central Vietnam and indeed the entire country turned on its head by a raging pandemic and natural disasters, the need to rebuild emerges stronger than ever.

Environment ministry kicks off National Plastics Action Partnership
Environment ministry kicks off National Plastics Action Partnership
SCI-TECH & ENVIRONMENTicon  24/12/2020 

The Ministry of Natural Resources and Environment kicked off the National Plastics Action Partnership and the Mitigating Marine Plastic Debris Project in Vietnam yesterday.

Made in Vietnam portable air filters helping fight COVID 19
Made in Vietnam portable air filters helping fight COVID 19
SCI-TECH & ENVIRONMENTicon  24/12/2020 

Vietnamese scientists have invented a new portable air filter to help facilities such as airports, hospitals, and bus stations ensure a safe working environment that protects employees and customers alike from risks associated with COVID-19.

Local technology enterprises must regain the market
Local technology enterprises must regain the market
FEATUREicon  24/12/2020 

"Vietnam's overall economic growth rate is below 10%. The growth target for digital technology enterprise should be set at 15-20% and even more," said Deputy PM Vu Duc Dam at the National Forum for Developing Technology Enterprises.

2020 – the year of Vietnam’s national digital transformation strategy
2020 – the year of Vietnam’s national digital transformation strategy
FEATUREicon  25/12/2020 

The government considers the development of telecommunication infrastructure and IT as one of its top priorities.

12 illegal loggers prosecuted for destroying forest in Phu Yen
12 illegal loggers prosecuted for destroying forest in Phu Yen
SCI-TECH & ENVIRONMENTicon  23/12/2020 

Phu Yen Police have started the prosecution of 12 illegal loggers related to deforestation in Tay Hoa and Song Hinh districts.

Hanoi hosts national forum on development of digital enterprises
Hanoi hosts national forum on development of digital enterprises
SCI-TECH & ENVIRONMENTicon  23/12/2020 

A national forum aimed at fostering the development of local digital enterprises kicked off on December 23 in the capital as part of a one-year review since the implementation of the “Make in Vietnam” strategy.

Hanoi’s residents alarmed at indoor air pollution
Hanoi’s residents alarmed at indoor air pollution
SCI-TECH & ENVIRONMENTicon  22/12/2020 

Outdoor air pollution is considered a major factor leading to increased indoor air pollution in Hanoi.

Network operators are not doing enough to prevent spam calls, texts
Network operators are not doing enough to prevent spam calls, texts
SCI-TECH & ENVIRONMENTicon  22/12/2020 

Millions of fake calls and tens of thousand of subscribers in the last five months were handled, but network operators do not appear to be sufficiently determined to fight against spam calls.

Vietnam's opening of internet leads to digital transformation path
Vietnam's opening of internet leads to digital transformation path
SCI-TECH & ENVIRONMENTicon  21/12/2020 

Vietnam has gained major achievements after more than 20 years of opening its doors to the internet. 

Wildlife conservation contributors to be honoured
Wildlife conservation contributors to be honoured
SCI-TECH & ENVIRONMENTicon  21/12/2020 

The Ministry of Natural Resources and Environment will honour organisations and individuals that have made great contributions to wildlife conservation between 2010 and 2020.

5G equipment ownership has a national strategic meaning
5G equipment ownership has a national strategic meaning
SCI-TECH & ENVIRONMENTicon  21/12/2020 

The ownership of 5G equipment has a national strategic meaning, heard at a recent seminar on 5G in Hanoi.

 
 
 
Leave your comment on an article

OR QUICK LOGIN