Temu, owned by Chinese e-commerce giant PDD Holdings, is considered one of the world’s fastest-growing e-commerce platforms, with sales estimated at $30 billion by the year-end. It started allowing shoppers from Việt Nam in October.
E-commerce growth has boosted Việt Nam''s economy but d tax challenges, prompting revisions to the Tax Administration and VAT Laws for better compliance.
A contentious debate has arisen over whether Việt Nam should impose a 5 per cent VAT on fertilisers to boost local production or retain the current tax exemption to support farmers.
In May, SBV launched an inspection campaign focussing on law compliance of gold trading enterprises, part of efforts to narrow the gap between international and domestic gold prices.
The heavy damage of Typhoon Yagi to the agricultural sector has recently raised questions about the role of agricultural insurance and why it is not widely applied here.
The domestic gold market shone last week, with prices of gold rings continuously breaking records and even surpassing the buying price of SJC gold bars.
There are many optimistic signals, and the market will get a lot of interest from investors who expect the Fed''s decision to have a positive impact on the global stock market, including Việt Nam.
The total trade turnover in July exceeded US$70 billion for the first time, of which exports reached a record of over $36 billion, marking the month with the highest export value ever.
Three major new laws related to property ownership, recently approved by the National Assembly, are expected to bring about changes to the market, said business insiders and experts.
