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Technology

Vietnam unveils tools for taxing and tracking Big Tech

Hanoi targets Alibaba, Netflix and Amazon with pair of new regulations

Vietnam is trying to strengthen taxation of e-commerce giants. Supporters say this will level the playing field for local companies, while opponents call the proposed rules "onerous." (Source photo by Getty Images) 

HO CHI MINH CITY -- Vietnam is proposing a pair of regulations that would compel global tech players such as Alibaba and Google to hand over more taxes and data, in a move to increase government oversight in one of the world's fastest-growing digital markets.

One proposal would give state inspectors access to an e-commerce site's internal data on merchants, while the second would introduce a tax collection regime deemed "onerous" and "concerning" by a trade group funded by the likes of Apple and Japanese e-commerce giant Rakuten.

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