Official Letter No. 2759/CST-GTGT dated December 26, 2025, issued by the Ministry of Finance, regarding tax policies applicable to enterprises’ foreign currency selling activities, provides as follows:
by KMC Consulting Company Limited
In cases where manufacturing, trading, or service enterprises in general (other than credit institutions or licensed foreign currency exchange agents) have foreign currency income from overseas sources (arising from the export of goods, provision of services, or receipt of payments in foreign currency) and subsequently sell (convert) such foreign currency into Vietnamese dong at commercial banks, the exchange rate difference is not subject to regulation under VAT law and invoices are not required to be issued for activities that are not the sale of goods or provision of services. Income derived from foreign currency selling activities shall be determined in accordance with corporate income tax regulations at the time the income arises.
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