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Tax authority reviews compliance costs for retailers switching to tax declarations

Tax authority reviews compliance costs for retailers switching to tax declarations

Mai Xuân Thành, director of the Việt Nam Tax Authority, said the authority will continue gathering feedback from businesses and monitoring implementation to identify shortcomings.
Cash payments do not change businesses tax obligations

Cash payments do not change businesses’ tax obligations

Cash payments are not in themselves a tax violation, but using them to conceal sales or avoid issuing invoices can lead to tax and invoicing penalties, experts said.
NAPAS, BIDV and Weixin Pay expand cross-border QR payment services between Việt Nam and China

NAPAS, BIDV and Weixin Pay expand cross-border QR payment services between Việt Nam and China

The partnership completes NAPAS'' QR payment connection with Weixin Pay, giving Chinese visitors a seamless way to pay by scanning VietQRGlobal codes at outlets across Việt Nam.
Brokerages pay record VNĐ14.3 trillion in taxes in 2025

Brokerages pay record VNĐ14.3 trillion in taxes in 2025

The country''s 15 largest securities firms paid a record VNĐ14.3 trillion into the State budget in 2025, up nearly 26 per cent year-on-year, reflecting the strong growth of Việt Nam''s stock market.
Việt Nam, Singapore launch cross-border QR payment service

Việt Nam, Singapore launch cross-border QR payment service

The new service enables Singaporean visitors to make seamless QR payments across Việt Nam using their existing mobile payment apps, supporting tourism, trade and deeper digital economic integration between the two countries.
Hà Nội reports 75% rise in declared revenue after household tax reform

Hà Nội reports 75% rise in declared revenue after household tax reform

According to the Hà Nội Tax Department, information for 312,442 of the city''s 330,120 household businesses has been reviewed and standardised, covering 94.6 per cent of all registered businesses.
Tax authority weighs proposal to retain presumptive tax for household businesses

Tax authority weighs proposal to retain presumptive tax for household businesses

The General Department of Taxation said it has received and is studying proposals from business associations and experts to allow small household businesses with annual revenue below VNĐ5 billion (US$191,000) to continue paying taxes under the presumptive tax regime.
Việt Nam accelerates cashless payment push to drive digital finance growth

Việt Nam accelerates cashless payment push to drive digital finance growth

Việt Nam is accelerating efforts to expand cashless payments, with the Government targeting transaction values equivalent to 30 times GDP by 2030 as part of its broader digital finance strategy.
Mastercard, MobiFone Digital Payment announce strategic collaboration to accelerate Việt Nams digital economy

Mastercard, MobiFone Digital Payment announce strategic collaboration to accelerate Việt Nam’s digital economy

Mastercard and MobiFone Digital Payment Joint Stock Company (MDP) officially announced a strategic collaboration on May 8 to upgrade financial infrastructure and advance digital payments in Việt Nam. 
Banks launch cross-border QR payments to tap growing digital economy

Banks launch cross-border QR payments to tap growing digital economy

Recently, the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has partnered with Alipay+ to introduce cross-border QR payments which allows customers to use its VCB Digibank app abroad.
Finance ministry eyes flexible tax thresholds

Finance ministry eyes flexible tax thresholds

The Ministry of Finance has proposed new regulations on taxable revenue thresholds for household businesses after just four months the new policy took effect.
Visa links with MDP to strengthen digital payment

Visa links with MDP to strengthen digital payment

Digital payments provider Visa has recently announced it will partner with MobiFone Digital Payment Joint Stock Company (MDP) to collaborate on advancing Việt Nam’s digital payments ecosystem. 
End-of-day invoicing proposed for transactions below VNĐ50,000

End-of-day invoicing proposed for transactions below VNĐ50,000

Household and individual businesses with annual revenue of VNĐ3 billion (US$114,000) or less could issue a single consolidated electronic invoice for daily transactions of below VNĐ50,000 each if buyers do not request invoices.
Tax authorities warn cash-only payments may signal tax evasion

Tax authorities warn cash-only payments may signal tax evasion

Tax authorities have warned that some businesses asking customers to pay only in cash may be attempting to conceal revenue and evade taxes.
Visa highlights Vietnamese payment trends for 2026

Visa highlights Vietnamese payment trends for 2026

As more young professionals and families explore new destinations and digital lifestyles, expectations for seamless, secure payments continue to rise.