Vietnam's tax revenues in e-commerce reaches $3.74 billion in 10 months


Hanoi, Nov 11 (IANS): Tax revenues from organisations and individuals engaged in e-commerce activities in Vietnam reached 94.6 trillion Vietnamese dongs ($3.74 billion) in the first ten months of this year, a 17-percent increase compared to the same period last year, local media reported on Monday.

Over 191,000 traders operating on the platforms recorded business transactions amounting to 72 trillion dong ($2.8 billion), said the General Department of Taxation.

According to the tax department, as many as 412 e-commerce platforms have registered their tax information with Vietnam's tax authorities, reports Xinhua, quoting Vietnam News.

As internet shopping has been rapidly gaining popularity in recent years, Vietnam's B2C e-commerce revenue is forecast to reach 29 billion dollars by the end of next year, according to the E-commerce and Digital Economy Agency under the Ministry of Industry and Trade.

 

  

Top Stories


Leave a Comment

Title: Vietnam's tax revenues in e-commerce reaches $3.74 billion in 10 months



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.