Vietnam issued Decree 70/2025/ND-CP to amend regulations under Decree 123/2020/ND-CP on electronic invoices and related documents on 20 March 2025.

The changes expand the scope of entities eligible to use electronic VAT invoices, including foreign suppliers without a permanent establishment in Vietnam who operate through e-commerce or digital platforms and choose to register voluntarily.

The decree allows sellers, including individual businesses and households, to authorise third parties to issue electronic invoices. Export processing enterprises engaged in non-export activities are now required to use either electronic sales or VAT invoices, depending on their tax declaration method. Businesses may also issue electronic commercial invoices for exports if technical conditions for data transmission to tax authorities are met.

Clarifications are provided on the timing of invoice issuance, including for exported goods, where invoices must be issued by the next working day following customs clearance. The rules also specify timing for invoicing in sectors such as banking, e-commerce, advertising, and passenger transport, and remove previous end-of-day or monthly invoicing provisions for certain retail and service sectors.

Additional requirements are introduced for invoice content, including the inclusion of personal identification numbers or budget codes and specific descriptions for certain services. If invoices cannot be digitally signed on the same day as issuance, the signature must be added by the next working day.

The decree requires specific businesses, including those with revenue exceeding VND 1 billion and engaged in direct-to-consumer sales, to use electronic invoices generated from cash registers connected to the tax authority system.

Regulations on invoice cancellation are removed. Corrections now require written agreements between sellers and buyers for business-related transactions, and a single replacement invoice may be issued for multiple incorrect invoices in a month. New provisions also clarify invoicing procedures for returned goods.

Decree 70 introduces new prohibited actions, such as failure to transmit electronic data to tax authorities and forging invoices. It also updates some reporting templates.

The decree will take effect on 1 June 2025.