Economic experts described this as a major shift in tax administration aimed at enhancing the efficiency of tax collection from the fast-growing online business sector, which still faces gaps in data transparency and tax declaration compliance.

A wide range of decorations with stable prices are now available in the Hanoi market as Christmas is nearing, but purchasing power remains weak.

The internet economy of Vietnam posted the fastest growth in Southeast Asia, from 18 billion USD in 2021 to 23 billion USD in 2022, according to a recent report on regional economies.