Vietnam collects $146M in taxes from online platforms such as Facebook, Google

By Duc Minh December 15, 2022 | 11:35 pm PT

The logo of Google is pictured during the Viva Tech start-up and technology summit in Paris, France, May 25, 2018. Photo by Reuters/Charles Platiau

Forty-two foreign suppliers, including Facebook, Google and TikTok, have paid VND3.44 trillion ($146.40 million) in taxes to Vietnam this year, according to the new portal of the General Department of Taxation.

The portal was established in March to make it easier for cross-border giants to pay their taxes in Vietnam, the department said in a report released Thursday.

Vietnam is forecast to collect VND1,460 trillion in taxes and fees this year, exceeding its earlier estimate by 24.3%. This is an 8.5% increase from 2021.

Sixteen out of 19 tax areas recorded growth for the year, such as state-owned companies (up 8.7% year-on-year), foreign direct investment (2.5%), and the private economy (1.4%).

Hanoi and Ho Chi Minh City each collected over VND300 trillion in taxes and fees for the year.