Vietnam to Expand E‑Invoicing to SMEs With Revenue Above VND 1 Billion
The Vietnamese Ministry of Finance has proposed extending mandatory e‑invoicing and connected fiscal cash register requirements to businesses with annual sales exceeding VND 1 billion (approximately €40,000). The proposal, announced on 10th December 2025, aims to bring a larger portion of small and medium enterprises (SMEs) into the country’s structured digital tax reporting system.
Under the plan, businesses that meet the necessary IT requirements and choose to use e‑invoices will receive support from the tax authorities to register for coded e-invoices or invoices generated from connected cash registers. For businesses that do not register but still need to issue invoices, the draft rules require that they declare and pay VAT before receiving a coded invoice from the tax authority for each transaction.
The initiative is part of Vietnam’s broader effort to modernize tax administration, improve VAT compliance, and increase transparency. SMEs affected by the extension will be required to issue and submit invoices electronically, ensuring alignment with larger businesses already under the e-invoicing regime.
Authorities are expected to finalize the regulatory details in 2026, giving businesses time to adapt systems and processes to the expanded requirements.
