Deputy Prime Minister Ho Duc Phoc directs immediate tax collection from Temu, citing local market risks posed by cross-border e-commerce.

At the event, the company also introduced Amelia, an artificial intelligence tool, to help Vietnamese sellers on Amazon grow their businesses.

Experts said that strengthening inspections of cosmetics production and business activities and establishing legal frameworks for market oversight is seen as a critical measure to regulate the industry.

Vietnamese sellers are poised to capture global markets as Shopee rolls out a new tool that connects them with international livestreamers, enhancing their visibility and sales on a global scale.

E-commerce sales in Vietnam are expected to reach 30 billion USD by the end of this year, heard a meeting held by the Ministry of Industry and Trade’s Trade Promotion Agency and the city’s Investment & Trade Promotion Centre (ITPC) on July 29.

In the first half of 2024, Vietnamese consumers spent a staggering VND143.9 trillion ($6 billion) on online shopping, highlighting the explosive growth of the country’s e-commerce sector.

A list of 100 outstanding businesses in the "Vietnam Pavilion" on the Alibaba.com platform - a leading B2B e-commerce platform, was announced on March 6 under a cooperation programme between Alibaba.com and the Vietnam Trade Promotion Agency.

The revenue of products sold through online business-to-consumer (B2C) retail model is forecast to surge in the coming time and reach 650 trillion VND (26.31 billion USD) in 2024, according to the E-Commerce and Digital Economy Agency.

NTQ Solution and two Korean firms - Riman and Softbridge - inked an agreement on the establishment of a Global Development Center (GDC) at a ceremony held in Jeju Island (South Korea) on February 3rd.