Apple, Google, Microsoft, Tik Tok, Meta (Facebook), and Netflix—account for 90% of revenue on Viet Nam’s e-business on cross-border digital platforms, handing over hundreds of millions of USD in taxes to the government. In particular, Facebook and Google each paid VND 1,748 billion and VND 979 billion.
Forty-two foreign service portals have registered, reported, and paid taxes using Vietnam’s portal over the past eight months.
They were from various nations and areas, including the U. S. Singapore, Hong Kong (China), the Netherlands, the Republic of Korea, Australia, Ireland, Lithuania, and Switzerland.
Foreign service providers contributed US$ 82 billion of the $3,444 billion in taxes collected through the portal. Vietnamese companies paid the remaining VND 1,544 billion.
In 2021, Viet Nam’s e-commerce market increased by 53% to US$ 21 billion, placing the country’s Internet economy third in Southeast Asia in terms of value.