The country’s e-commerce sector saw a growth of 25 per cent in 2023, with revenues worth $20.5 billion.
The cumulative state budget revenues from 116 foreign e-commerce suppliers who have registered, declared and paid taxes through the electronic portal designated for such providers have reached VND19.774 trillion (~$790.96 million).
The direct tax revenue collected through the electronic portal this year has reached VND 8.687 trillion (~$342.5 million)—an increase of 26 per cent compared to the same period last year, mainly from major e-commerce platforms like Google, Facebook, Microsoft, TikTok, Netflix and Apple, a domestic media outlet reported.
Over the last 11 months this year, organisations and individuals engaged in e-commerce activities paid approximately VND 108 trillion (~$4.26 billion) in taxes—a 22-per cent increase year on year.
ALCHEMPro News Desk (DS)
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