1) How much is Vietnam national debt in 2018?

Vietnam national debt in 2018 is $136.75 billion (58.4% of GDP)

2) How the tax administration has changed over the past 10 years in Vietnam? How many hours
company have to spend for tax administration in 2018?

a/ Tax administration in the past 10 years:

1990-1998: Tax administration is applied for multi-economy by establishing foundation to attract

individuals doing business.

1999-2004: Tax administration replaces revenue tax by VAT and replaces income tax by corporate
income tax.

2005-2010: Tax administration plays an important role in this period because Vietnam participates in
Word Trade Organization (WTO) and join other agreements with different nations.

2011-2020 : Tax administration is followed by:

+ Decision No. 732/QD/TTg of May 17, 2011 - Prime Minister

+ Decision No. 450/QD/TTg of April 18, 2012 - Prime Minister

+ Decision No. 38/2019/QH 14 of June 13, 2019 - National Assembly

b/ Hours company spend for tax administration in 2018: no statistics. Company will have its own
Accounting department to help administer tax or uses tax administration services offered by Auditing /
Accounting firms.