In its continued effort to create an attractive business environment for foreign investors, reduce the complexity of conducting business, and establish the country as one of the world’s most dynamic business hubs; the Vietnam Government continues to focus on the implementation of digital technologies.

This includes Decree 119/2018/ND-CP approved by the Vietnam Government on September 12th, 2018, which requires all enterprises to utilise e-Invoicing from the 01st of November, 2020.

E-invoicing will bring many benefits to enterprises in Vietnam, including minimizing transaction fraud, improving financial transparency, ensuring tax compliance; as well as massively reducing transportation, administration, and overall operational costs.