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The cashless payment system is prevalent worldwide. Going cashless has a lot of benefits for Vietnam, improving transaction safety and making it easier for the State to track transactions and facilitate tax collection.

The total tax collection in the first five months of this year is estimated at nearly 673 trillion VND (28.8 million USD), equivalent to 57.3 percent of the projection for the whole year and a year-on-year increase of 16.5 percent, according to the General Department of Taxation.

Total tax collection in 2020 is estimated at over 1.26 quadrillion VND (54.37 billion USD), equivalent to 100.6 percent of the estimate, Deputy Director of the General Department of Taxation Dang Ngoc Minh said on December 31.

The taxation sector has collected over 752.6 trillion VND (32.45 billion USD) for the State budget, equivalent to 60 percent of the yearly estimate and 91.9 percent of the figure of the same period last year, the General Department of Taxation reported.

Prime Minister Nguyen Xuan Phuc has commended the tax sector for doing a good job in reshuffling its apparatus, and urged the sector to continue with reform of tax procedures.

Vietnam's customs department contributed a record 348 trillion VND (15 billion USD) to the State budget from the collection of import and export taxes in 2019, according to the General Department of Customs.

The signing and implementation of free trade agreements has increased Vietnam's tax collection this year, said Luu Manh Tuong, director of Import-Export Tax Department under Vietnam Customs.

Around 99 percent of import and export tax payments in HCM City are made online, according to the customs department.

There should be a shared database of online sellers to make sure tax collection in e-commerce activities is sufficient, officials have said.

The state audit sector plays an important role in tax administration, helping strengthen the national financial system, heard a workshop held by the State Audit Office (SAV) and the UK-based Association of Chartered Certified Accountants (ACCA) in Hanoi on May 9.

Ha Long city in the northern province Quang Ninh is angling to become a smart tourism city.

The business community in Hai Phong has made great contributions to the northern port city’s development, said Chairman of the municipal People’s Committee Nguyen Van Tung.

The taxation sector collected more than 1.14 quadrillion VND (49.46 billion USD) in tax for the State budget in 2018, equal to 107.2 percent of estimates and up 12.3 percent from 2017.

HCM City authorities are seeking more effective measures in the fight against counterfeit products, smuggled goods and trade fraud as e-commerce grows at a fast pace, an official has said.

The southern province of Ba Ria-Vung Tau has reported solid growth in the first seven months of the year.

The Mekong Delta city of Can Tho collected about 5.13 trillion VND (220.3 million USD) of tax in the first half of 2018, up 9.9 percent year-on-year and meeting 51.08 percent of the projected target.

The Ministry of Finance has proposed a tax on houses depending on their construction value as part of a draft law on property tax.

Ho Chi Minh City's Tax Department plans to continue to collect taxes from online businesses that use Facebook and other social media sites.

The Ministry of Transport has submitted the draft of a new circular that includes regulations for passenger transport (by car) through software such as Uber and Grab.

The Ministry of Finance rejected the Netherlands-based Uber International Holding BV’s complaints about the decision to collect 67 billion VND, or nearly 3 million USD, in tax arrears in a statement sent to the US-ASEAN Business Council.