Google opens a company in Vietnam, operational from April 2025.

(Dan Tri Newspaper) - Google Vietnam Co., Ltd. will officially begin operations in April 2025. The company will be the entity responsible for signing contracts, issuing service invoices, and calculating value-added tax for customers in Vietnam.

Google's website has updated information stating that domestic advertisers will now handle tax procedures through Google Vietnam Co., Ltd., instead of the previous Google Asia Pacific. This transition will take effect from April 1, 2025.

According to the announcement, Google Vietnam will be the entity signing the contract and invoicing for the service. The company will also be responsible for calculating the 10% value-added tax on services provided to customers in Vietnam.

At the same time, from March 1, 2025, for partners who become customers of any product listed in the Vietnam section, Google Vietnam Co., Ltd. will be the official partner responsible.

Domestic advertisers will handle tax procedures through Google Vietnam Co., Ltd. (Photo: Getty images).

Google Vietnam Company Limited was established on May 31, 2023, and is managed by the Ho Chi Minh City Tax Department. Its tax identification number was last updated on December 3.

The company's main business activities are advertising, along with general wholesale, management consulting, market research, and public opinion polling.

The e-Conomy SEA 2024 report, published in November by Google, Temasek, and Bain & Company, shows that Vietnam's gross merchandise value (GMV) is projected to achieve a compound annual growth rate of 16%, reaching $36 billion.

Vietnam is considered by Google to have a rapidly developing digital economy , ranking among the top in Southeast Asia. Vietnam's online media industry has a compound annual growth rate of 14% year-on-year and is projected to reach $11 billion by 2030.

Source: https://dantri.com.vn/kinh-doanh/google-mo-cong-ty-tai-viet-nam-hoat-dong-tu-thang-42025-20241206145537434.htm