Electronic invoicing guide
Vietnam

There are two forms of invoices in Vietnam: coded and uncoded (or unencrypted).
• Coded E-Invoices: must include a verification code from the tax authorities, and are typically used by businesses with an annual turnover of less than VND 3 billion. (approx. 110.000 EUR)
• Unencrypted or uncoded e-invoices are issued by small businesses with an annual turnover of more than VND 3 billion (approx. 110.000 EUR) or fewer than 10 employees, and specific industries such as energy, telecommunications and e-commerce.
• In Vietnam, companies must submit e-invoicing data to the tax authorities either directly or through an authorized e-invoicing service provider.
• Invoices issued by taxpayers need to be transferred to the General Department of Taxation in order to obtain a unique verification code.
• Once received, e-invoices will be sent to the buyer.
• Enterprises and economic organizations are obliged to use electronic invoices with tax authority codes when selling goods or providing services, regardless of the value of these goods and services, except for the cases specified in art. 91 of the Tax Law 2019 No.
38/2019 /QH14.