Vietnamlawmagazine

The Ministry of Finance on April 21 held a ceremony launching the national e-invoice system.
Speaking at the event, Minister of Finance Ho Duc Phoc said that electronic invoices, or e-invoices, play a vital role in creating a transparent and fair business environment, a more streamlined administrative process, higher productivity, and are an integral part of Vietnam's national strategy for digitalization.

Prime Minister Pham Minh Chinh (center) at an event to start the country's e-invoice program__Photo: VNA

With the introduction of an info portal for taxpayers outside of Vietnam and the EtaxMobile app, the country's tax authority has significantly improved its ability to oversee and manage online commercial activities and tax procedures. Taxpayers now have been granted access to easier ways to proceed with their tax applications using mobile platforms.

"The new apps have played an important role in convincing businesses to switch to using e-invoices. It was our conclusion after a short but successful pilot e-invoice program," said the minister.

Attending the ceremony, Prime Minister Pham Minh Chinh said digitalization is the next step in Vietnam's national development strategy, in line with the global movement.

The PM said tax reform remains a key objective for the Government and the tax authorities can count on the Government's support for modernization. Chinh said the ministry's e-invoices are to have a profound impact on the transparency and effectiveness of the country's tax regime, while helping cut costs and improve the business environment.

He urged the ministry and the general department to help raise awareness of the benefits of using e-invoices and provide additional support for small- and medium-sized and household businesses to make the transition.

According to the General Department of Taxation, all businesses included in the pilot program have moved to use e-invoices. The department said the next phase of the program will be implemented on an even larger scale covering all localities across the country.

Cao Anh Tuan, head of the general department, said the department has set a goal to help all businesses move to e-invoices by the end of June. In the meantime, the general department will continue to improve its technology and infrastructure to ensure uninterrupted operations.- (VLLF)