Since 2011 it is possible for vietnamese companies to access and use electronic invoices. Decree No. 119/2018/ND-CP on 12 September 2018 then introduced electronic invoicing nationwide in Vietnam. Now, according to Decree 119, it has been decided that e-invoicing will be mandatory in Vietnam from November 1, 2020. The adoption of Decree 119 and the circular by the Vietnamese government, contain a detailed roadmap for the introduction of electronic invoicing.
This decree represents a decisive step towards digitization for Vietnam, as electronic invoicing is to be introduced and become common practice in both the public (B2B) and private (B2G) sectors. The aim of this introduction and this step towards digitization is to combat tax fraud and to increase competitiveness among companies.