- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: evnn@vietnamnet.vn
Update news e-commerce
Everything now can be purchased online, from food for Tet parties to smartphones.
Key tasks of the General Department of Taxation in 2021 include tax management and tax collection from online business activities, and from individuals and businesses with revenue generated from Facebook, Google and YouTube.
The Covid-19 pandemic has turned out to be a golden opportunity for e-commerce platforms as online shopping was the only alternative to obtain essentials during lockdown.
Hanoi has reinforced inspection over business households and collected tens of trillion of dong worth of tax arrears from businesses via Google, Facebook and Youtube and online sales.
Every minute, 14 Made-in-Vietnam products are sold on Amazon. Which products sell well? What should Vietnamese businesses do to compete on this platform?
The cross-border e-commerce carnival series event 2021 entitled “Cross Board & Launch Out” organized by the Deqing Municipal Bureau of Commerce (Deqing County, Zhejiang Province, China) was successfully held on December 6-16.
In the past year, nearly 7.2 million products of Vietnamese small and medium sized enterprises were sold to Amazon customers around the world (average 14 products per minute).
E-commerce platforms may choose not to declare and pay tax on behalf of sellers.
Tax revenue from cross-border e-commerce activities reached more than VND1 trillion (US$43.5 million) in the first nine months of this year.
Hundreds of tons of litchis were exported to choosy markets in May via Vietnam Post’s e-commerce platform. This was the beginning of a logistics model specifically designed for farm produce.
According to iPrice’s research on user participation in social media on the Top 3 multi-industry e-commerce Facebook pages, the percentage of Vietnamese users interacting on the pages accounted for 36%.
Many retailers say that consumers ate indifferent to sale promotion programs for Black Friday 2021, the biggest sale campaign of the year.
E-commerce in Vietnam is estimated to grow by 53% in 2021, creating an impetus for the domestic digital economy to reach revenue of US$21 billion this year, according to a report released recently by Google, Temasek and Bain & Company.
While tourism has been hit hard by Covid-19, e-commerce has become the driving force for the digital economy in Vietnam this year.
Online shopping in Vietnam is expected to increase sharply near the end of the year.
E-commerce platforms have launched sale promotion programs for Single’s Day November 11, the biggest shopping event of the year, promising big sales on millions of items.
The Vietnamese e-commerce platform Tiki has received investment capital of US$258 million. It plans to invest in insurance business and conduct an IPO in the US.
Vietnamese e-commerce market is forecast to continue growing in the post-pandemic period, with revenue surpassing last year's figure, according to experts.
A Facebook survey rates Vietnam as a home for digital transformation and forecasts that the market will lead the region in terms of e-commerce growth.
When trading activities in the virtual environment yield huge profits, tax collection becomes a dilemma for many countries.