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

.
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. 

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.

Life-changing technology assists Vietnam’s healthcare transformation
Life-changing technology assists Vietnam’s healthcare transformation
SCI-TECH & ENVIRONMENTicon  20/12/2020 

The Vietnamese government and the Ministry of Health will hold a conference called eHealth Vietnam Summit 2020 late this month.

Small contributions, big impact
Small contributions, big impact
SCI-TECH & ENVIRONMENTicon  20/12/2020 

“Changing Mindset Little by Little” is what Denise Truong, a French Chinese lady, is trying to leave through her Trash Hero Ho Chi Minh project here in HCMC

World’s most endangered turtle found in Hanoi's Dong Mo lake
World’s most endangered turtle found in Hanoi's Dong Mo lake
SCI-TECH & ENVIRONMENTicon  20/12/2020 

The Vietnamese scientists are doing their utmost to save the endangered turtle species.

Vietnam video-on-demand industry estimated at $105 million in 2020
Vietnam video-on-demand industry estimated at $105 million in 2020
SCI-TECH & ENVIRONMENTicon  20/12/2020 

Two thirds of marketers in Vietnam expected an increase in the allocation of the digital ad budget to programmatic ad next year, the 2nd highest percentage in the region.

Vietnam destined to take the lead in commercial 5G technology
Vietnam destined to take the lead in commercial 5G technology
SCI-TECH & ENVIRONMENTicon  19/12/2020 

The number of 5G subscribers nationwide is expected to reach a figure of 6.3 million by 2025, with the deployment of 5G services anticipated to help Vietnamese mobile service providers increase their annual revenue by US$300 million, 

PM approves list of priority technologies for research and development
PM approves list of priority technologies for research and development
SCI-TECH & ENVIRONMENTicon  19/12/2020 

Prime Minister Nguyen Xuan Phuc has approved a list of priority technologies for research and development in a bid to facilitate participation in the Fourth Industrial Revolution.

Facebook is blamed for going against Vietnam law
Facebook is blamed for going against Vietnam law
SCI-TECH & ENVIRONMENTicon  19/12/2020 

Facebook is accused of ignoring Vietnam’s law in removing and blocking violated entries on social network.

HCM City drafts 10-year climate change response plan
HCM City drafts 10-year climate change response plan
SCI-TECH & ENVIRONMENTicon  19/12/2020 

HCM City has drafted a long-term plan to combat the detrimental effects of climate change.

5G service package fees to be the same as 4G
5G service package fees to be the same as 4G
SCI-TECH & ENVIRONMENTicon  20/12/2020 

The fifth-generation mobile network is under commercial trial in Hanoi and HCM City. Vietnam is among the few countries in the world that have put 5G into trial use.

Thanh Hoa farmer protects wild birds with his love
Thanh Hoa farmer protects wild birds with his love
SCI-TECH & ENVIRONMENTicon  21/12/2020 

Mai Van Quan has invested his own money to renovate part of a 22-hectare hill in Ha Trung Town, the central province of Thanh Hoa, to become a shelter for tens of thousands of storks.

Young man starts initiative to reduce plastic waste
Young man starts initiative to reduce plastic waste
SCI-TECH & ENVIRONMENTicon  20/12/2020 

Pham Thanh Tri from Quang Ngai founded EcoFish Vietnam to teach young people to classify and reuse plastic waste.

First persons receive injections of COVID-19 vaccine in Vietnam
First persons receive injections of COVID-19 vaccine in Vietnam
SCI-TECH & ENVIRONMENTicon  18/12/2020 

The first human trial of COVID-19 vaccine Nanocovax began in Vietnam on December 17 with the first three volunteers, one man and two women aged 20-25, receiving injections at the Military Medical Academy.

Digital transformation needs new 'ways of thinking' at provincial, local level
Digital transformation needs new 'ways of thinking' at provincial, local level
FEATUREicon  18/12/2020 

A difficult question can often become easier if a new approach is used, Minister of Information and Communications Nguyen Manh Hung told representatives of Thai Nguyen agencies pursuing the path to digital transformation.

Vietnamese can earn big money from livestreaming sales
Vietnamese can earn big money from livestreaming sales
SCI-TECH & ENVIRONMENTicon  19/12/2020 

Live streaming e-commerce has become a hot keyword in Vietnam. Experts have begun talking about the formation of a ‘livestreaming industry’.

Livestream industry: a way out for Vietnam's digital economy
Livestream industry: a way out for Vietnam's digital economy
FEATUREicon  17/12/2020 

The combination of livestreams and e-commerce could create an industry worth tens of billions of US dollars. This promises to be a very important element in the development of the digital economy.

Digital transformation in Vietnam: from aspiration to reality
Digital transformation in Vietnam: from aspiration to reality
SCI-TECH & ENVIRONMENTicon  17/12/2020 

The internet had made positive contributions to the overall socio-economic development of the country since Vietnam connected to the Internet for the first time 20 years ago,

Dry weather worsens air pollution in Hanoi
Dry weather worsens air pollution in Hanoi
SCI-TECH & ENVIRONMENTicon  19/12/2020 

Air pollution in Hanoi increased in the early days of this month, with the air quality index (AQI) soaring at night and in the early morning.

HCM City policies to attract scientists not attractive, admits top science official
HCM City policies to attract scientists not attractive, admits top science official
SCI-TECH & ENVIRONMENTicon  18/12/2020 

Director of the HCM City Department of Science and Technology, Nguyen Viet Dung, speaks about policies for attracting scientists.

 
 
 
Leave your comment on an article

OR QUICK LOGIN