Vietnam's Tax Revenues In E-Commerce Reaches $3.74 Billion In 10 Months

2024-11-11 06:00:24

(MENAFN- IANS) 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.

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