Generation of e-invoices for all gold transaction will ensure transparency for the gold market, which has gone volatile over the past time, according to experts.

The Hanoi Department of Taxation has worked with software solution providers to support businesses in introducing e-invoices, towards the target that all local companies will switch to e-invoices from late September.

The tax authorities conducted investigations and checks at more than 70,000 businesses, reducing losses of around 20 trillion VND (889 million USD) in 2015.