The General Department of Taxation has ruled that from 2018, firms will have to obtain their invoices from the department instead of printing their own.
Hanoi (VNA) - The GeneralDepartment of Taxation has ruled that from 2018, firms will have to obtaintheir invoices from the department instead of printing their own.
Themove is part of the Ministry of Finance (MoF) unit’s proposal to replace DecreeNo 51/2010/ND-CP and Decree No 04/2014/NĐ-CP on invoices for sales of goods andservices.
Accordingto the MoF, the goal is to deal with obstacles while implementing Decree No 51,which allows most companies to print their own invoices instead of receivingthem from tax authorities.
Thechange will help limit the amount of printed paper invoices and prevent firmsfrom printing too many invoices to avoid paying tax, MoF said.
Thenew decree also stipulates that by 2020, electronic invoices must be used by 90percent of businesses. The regulation will apply to enterprises in industrialparks, economic zones, export processing zones, high-tech zones, non-businesspublic units performing production or commercial activities and newlyestablished enterprises.
Besidesissuing paper invoices for enterprises, tax authorities will also support firmsin shifting to electronic invoices with tax codes provided by authorities toexpand the application of electronic invoices among firms.
Fromearly 2019, many other types of enterprise, including household businesses withrevenue of more than 3 billion VND (133,000 USD), will be forced to issuee-invoices with tax codes provided by tax authorities.
Theuse of e-invoices would help reduce the time and expense relating to invoicesfor enterprises, while contributing to limiting fraudulence, according to theMoF.
Accordingto the ministry, the number of businesses using e-invoices has increasedsignificantly in recent years, rising from 30 enterprises in 2011 to 331 in2015 and 656 in 2016. The number of electronic invoices issued has alsoincreased sharply, from 9,014 in 2011 to more than 277 million in 2016.-VNA
Businesses will be allowed to continue to use Ministry of Finance issued invoices until the end of first quarter next year, according to a newly issued instruction of Deputy Prime Minister Nguyen Sinh Hung.
Firms are allowed to print their logos or advertising on their invoices along with compulsory information, said Vu Thi Mai, deputy director of the General Department of Taxation.
Enterprises must begin printing their own value-added tax (VAT) invoices effective on Jan 1, instead of buying invoices from tax offices as previously.
Vietnam's General Department of Taxation's Information and Technology Department Deputy Director Pham Quang Toan spoke with the Hanoi Moi (New Hanoi) newspaper about e-invoicing nationwide.
What are the advantages of e-invoices, compared to traditional paper invoices?
The Ministry of Finance has announced a pilot scheme to allow 200 firms in Hanoi and Ho Chi Minh City to use electronic invoices late this year, the Saigon Times Daily reported.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Illustrative image (Source: VNA) 
