The Ministry of Industry and Trade will focus on enhancing consumer protection in order to maintain sustainable e-commerce development, Minister Nguyen Hong Dien said at the National Assembly’s question and answer session on June 4.

The Ministry of Industry and Trade is looking into regulations to better manage e-commerce business and protect the rights of consumers, including a requirement on authentication of individual sellers.

The products that men bought the most on e-commerce platforms included tech products and household appliances.

The Ministry of Industry and Trade (MoIT) revealed that there were 764 violations in e-commerce with a total fine of VND12 billion (US$ 471,601) in 2023.

Deputy Minister of Finance Nguyen Duc Chi said that sellers who make livestreams on online marketplace must pay tax.

Digital platforms have played a key role in helping Vietnamese firms take their high-quality products to the world, insiders have said.

The number of products Vietnamese businesses sell via Amazon has increased by 300% over the past five years, heard a conference on cross-border e-commerce (CBEC) in Hanoi on May 22.

Most surveillance cameras displayed at retail chains and on e-commerce platforms are from China. It is difficult to find Vietnamese-made security cameras in the market.

Great efforts have been made to combat counterfeit goods on e-commerce channels amid booming e-commerce activities.

Training human resources in e-commerce is among focuses in plans on e-commerce development for 2024 of many localities, according to the Vietnam E-commerce and Digital Economic Agency under the Ministry of Industry and Trade (MoIT).

The vast majority of those are being imported through e-commerce platforms, including some of the largest in the country such as Shopee, Lazada and TikTok, with combined value reaching billions of dollars monthly.

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300.

Tax administration data shows that revenue from e-commerce business activities amounted to VNĐ3.1 quadrillion (US$130.57 billion) in 2022, with taxes paid totalling VNĐ83 trillion.

Vietnam needs to develop solutions to encourage fast-paced e-commerce to embrace circular economy and reduce the dumping of plastic wastes towards protecting the environment.

Vietnam has emerged as one of the most promising shoppertainment markets and is expected to become an e-commerce powerhouse in Southeast Asia.

The total retail revenue of the five largest e-commerce platforms in Vietnam (Shopee, Lazada, Tiki, Sendo and Tiktok Shop), reached VND71 trillion in the first quarter of 2024. A large proportion of revenue came from skincare products.

Vietnam, one of the most potential shoppertainment markets, is expected to become the fastest growing e-commerce market in Southeast Asia, given the increasing presence of multi-national e-commerce platforms here.

Cross-border beauty and personal care is a huge market for Vietnamese companies thanks to the growing realisation of gender equality in which more women are immersing themselves in the workforce globally.

Zebra Technologies believes that digital transformation will proceed quickly in Vietnam’s warehousing and logistics sector amid the rapid development of e-commerce.

Although e-commerce has been booming, many businesses still focus on developing traditional trade channels that they have long considered to be sustainable.