VAT Invoice adjustment in Vietnam
An invoice (sometimes called a VAT or “Red Invoice”) is key for accounting and tax reporting in Vietnam. Using e-invoices makes storage easier by allowing digital files instead of paper copies.
With effective from 1 July 2022, all Vietnam-based enterprises are require to use electronic VAT invoice in daily operation. Paper invoice is no longer applied.
Accountants may find invoice adjustments confusing. Reference of Regulations & Effective timeline:
- Article 19, Decree 123/2020 wef 1 July 2022
- Article 7, Circular 78/2021 wef 1 July 2022
- Decree 70/2025 amending Decree 123/2020 wef 1 Jun 2025
The correct procedure for amending or adjusting an issued invoice is elaborated in the handout below.
Download PDF handout