Over the past decade, Vietnam’s approach to invoice management has experienced a profound evolution, reflecting the country’s broader shift toward modernization, administrative reform, and digital transformation in the tax system.
On October 19, 2020, the Government of Vietnam officially enacted Decree No. 123/2020/NĐ-CP, a critical legal instrument that provides a clear, comprehensive regulatory framework governing invoices and related documents.
As Vietnam continues its digital transformation journey, modernizing the process of invoice issuance and management has become a natural step.
