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.
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).
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 Association (Vecom) said that a number of regulations in Circular 40 were not yet feasible, which could impact activities of hundreds of thousands of individuals doing business on e-commerce floors.
Legal experts and fintech firms discuss the central bank''s draft regulation that would limit the foreign ownership rate in the payment intermediary service sector to 49 per cent .
Ha Noi has implemented solutions to facilitate the sustainable development of e-commerce activities, which have grown rapidly recently, though problems persist in the quality of goods traded online.
The use of digital platforms in Viet Nam and global trends, building a foundation for digital marketing, and attracting customers with digital advertising platforms are among the topics on the agenda of an event titled “Doing Practical Business in the...
A total number of national registered domain names with “.vn” reached 453,979 as of last month, an increase of 9.33 per cent over the same period last year.