Vietnam’s Finance Ministry proposes flexibility on e-invoicing for high-volume sectors

Vietnam’s Ministry of Finance has proposed allowing selected high-frequency service sectors to issue consolidated electronic invoices at the end of the day or month, aiming to prevent overload of the national e-invoicing system.

The proposal forms part of a public consultation on amendments to Article 9 of Decree No. 123 on invoices and documents, previously revised under Decree No. 70/2025. The draft amendment would permit consolidated invoicing for transactions involving individual customers not engaged in business activities, reflecting the operational realities of sectors that process large transaction volumes.

Under the proposal submitted to the Prime Minister and Deputy Prime Ministers, sectors such as banking, securities, insurance, e-wallet money transfers, electricity suspension and reconnection services, and paid parking operators with software capable of detailed transaction tracking would be allowed to issue summary invoices based on system-stored data. Public passenger transport operators, including buses and taxis using fare-calculation software compliant with the Road Traffic Law, would also be eligible to issue end-of-day consolidated invoices.

Service providers would remain responsible for data accuracy and would be required to supply detailed transaction reports upon request by authorities. Individual invoices would still need to be issued where specifically requested by customers.

The Ministry noted that while Decree No. 123 previously permitted consolidated invoicing for certain sectors, Decree No. 70 removed this provision, resulting in a sharp increase in invoice volumes. The tax authority’s system, originally designed to process approximately 6.4 billion invoices annually, is currently handling around 18 billion, with projections reaching up to 60 billion per year—raising concerns over system capacity and stability.

Industry groups have called for reinstating consolidated invoicing to reduce compliance costs and operational strain. Given the urgency of potential system overload, the Ministry has proposed fast-tracked amendments, with the revised decree expected to take effect from July 1, 2026.