Facebook ads in Vietnam will be subject to a 5 per cent value-added tax beginning from June 1. (Photo vtv.vn)
Hanoi (VNS/VNA) - Facebook ads in Vietnam will be subject to a 5 percent valueadded tax (VAT) beginning from June 1.
This affects advertisers who have set Vietnam as their “Sold To” country ontheir business or personal address.
In addition to Vietnam, starting from April and September, Meta, Facebook'sparent company, will also add VAT to advertising costs in Cambodia andThailand, respectively.
Not long ago, Facebook also charged a foreign currency conversion fee of 1-3percent for transactions in Vietnamese dong.
Within the framework of Prime Minister Pham Minh Chinh's working visit to theUS on May 20, representatives of the Public Policy Department of Meta had ameeting and discussed with the Prime Minister and the Ministry of Planningand Investment.
Meta said that it would register, declare and pay foreign contractor tax inVietnam.
Previously, Meta had a meeting and discussed with the General Department ofTaxation last month to clarify the implementation of Circular 80 on themechanism of registration, declaration and payment of tax for foreigncontractors in Vietnam.
The Ministry of Finance reported that the tax authorities have collected nearly5 trillion VND (217.4 million USD) from organisations in Vietnam in recentyears.
Of which, many large enterprises have paid taxes such as Facebook paying 1.69trillion VND, Google 1.62 trillion VND, and Microsoft 576 billion VND.
Particularly, tax revenue from cross-border services reached 1.32 trillion VNDlast year, up 15.2 percent compared to 2020./.
Facebook has removed 2,311 posts that violated Vietnamese laws from its platform since the beginning of the year, up by 400 percent compared to the whole of last year.
Tax revenues from online advertising business models of foreign organisations that do not have legal entities in Vietnam like Google, YouTube or Facebook hit 1.14 trillion VND (49.5 million USD) last year, reported the General Department of Taxation.
Vietnam has taxed global tech companies like Google, Facebook and Microsoft an average of over 1 trillion VND (43.71 million USD) annually for their cross-border goods and services between 2018 and 2021, Minister of Finance Ho Duc Phoc told legislators on March 16.
The pangasius industry is one of the country’s key foreign currency earners, with an annual export value of around 2 billion USD, accounting for 20% of Vietnam’s total seafood exports. The US remains one of the largest and most strategic markets for Vietnamese pangasius.
A Government Office notice on the Deputy PM’s conclusions at a recent meeting to review construction progress of the plants stressed that accelerating the development of power sources is essential and urgent to ensure energy security and meet the demands of two-digit socio-economic growth in the coming period.
It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Prime Minister Pham Minh Chinh affirmed that science, technology, innovation, digital transformation, green transition, and circular economy are offering limitless opportunities for bilateral collaboration.
The US remained Vietnam’s largest market, accounting for 55% of the country's total wood exports. Key products include wooden furniture, plywood, doors, and handicrafts.
With a clear development strategy, proactive investment attraction and strong policy support for sustainable agriculture, Tay Ninh is positioning itself as a major hub for high-tech livestock farming in the southern region.
As Vietnam’s largest private carrier, Vietjet has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years.
The Vietnam National Petroluem Group (Petrolimex) had acted early to mitigate risks amidst the recent surge in global oil prices driven by the Israel–Iran conflict, Vietnam News Agency cited a Petrolimex representative as saying.
Facebook ads in Vietnam will be subject to a 5 per cent value-added tax beginning from June 1. (Photo vtv.vn) 
