VIETNAM-GDT-EINVOICE

Vietnam GDT e-invoice mandatory 2022+.

Definition

Vietnam e-invoice framework: Vietnam-customised XML format. Vietnam CA digital signature (~10 approved certificate providers: Viettel-CA, VNPT-CA, NewCA, etc.). Modality 1: e-invoice with GDT verification code (code issued by GDT post-clearance ~real-time), majority of enterprises. Modality 2: e-invoice without verification code (high-volume enterprises specific industries like electricity, petroleum, telecom, banking, aviation services). Format can be XML or structured PDF with barcode. Vietnam VAT: 10% standard, 5% reduced, 0% exports. Decree 123/2020/ND-CP + Circular 78/2021/TT-BTC.

Origin

Vietnam Decree 119/2018/ND-CP initial framework 2018 ; Decree 123/2020/ND-CP current mandatory 100% framework ; 1 July 2022 deployment ; ~800000 enterprises 2024.

Example in context

VinGroup (Vietnam conglomerate retail, real estate, automotive) issues B2B invoices via e-invoice with GDT verification code: signed XML Vietnam Viettel-CA, GDT validation ~2-5 sec, VAT 10%, local ERP integration.

Related terms

• Thailand RD — Southeast Asia neighbour.