The Việt Nam e-Commerce Association (VECOM) has said that a proposal that e-commerce platforms declare and pay taxes on behalf of sellers is unreasonable and should be removed from the draft amended Law on Tax Management.
Trần Văn Trọng, General Secretary of the Việt Nam E-Commerce Association (VECOM), told Việt Nam News about the green and sustainable cross-border commercial development trend and how to help businesses build brands in the digital environment.
The 2023 Việt Nam e-commerce report published by the Việt Nam E-commerce and Digital Economy Agency shows that Việt Nam''s e-commerce has recorded strong growth in recent years.
Vecom estimated that last year, the retail e-commerce transaction scale comprised about 8.5 per cent of the total retail sales of consumer goods and services of VNĐ5,680 trillion ($240.5 billion).
Viet Nam''s e-commerce revenue in 2022 maintained an increase of about 15 per cent compared to last year, according to the Viet Nam E-commerce Association (Vecom).
Viet Nam''s B2C retail e-commerce revenue this year is estimated at US$16.4 billion, marking the first year to reach this landmark, reported in the Viet Nam E-Commerce White Book 2022.
This will provide consumers with enough information about the origin of products and allow businesses to clarify product information, which helps solve the problem of counterfeit goods and s great opportunities for the application of digital technologies.
Foreign-invested e-commerce floors doing business in Việt Nam must supplement their business licenses before January 1 next year if they have not provided enough according to regulations.
The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders.
E-commerce platforms may choose not to declare and pay tax on behalf of sellers. This is new information as per Circular 100 issued by the Ministry of Finance, replacing the previous Circular 40.
The Viet Nam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on Friday announced an e-commerce week and the Viet Nam Online Shopping Day – Online Friday 2021.
Hung Yen longans – one of the famous specialties of Viet Nam – are being sold on a trial basis between Tuesday and Sunday this week with discounts of up to 50 per cent.
Agricultural specialties of some provinces are being sold on the e-commerce platform Sendo, marking the first time cooperatives and farmers have directly put their produce on sale in the digital environment.