The race to burn trillions of money is all-or-nothing: 2 Singaporean technology giants make much money in Vietnam, and domestic businesses suffer endless losses
Recently, Baemin - the food delivery application of unicorn startup Woowa Brothers from Korea, had to leave the Vietnamese market.
Vietnam e-commerce: A "big cake" attracts foreign investors
With a large market size and a rapidly increasing number of online consumers, Vietnam's e-commerce market is drawing the attention of many foreign investors.
Foreign big corps pay tax of nearly VND 4,000 billion to Vietnam
In the first six months of this year, 57 foreign corps, including Google, Apple, Facebook, Netflix, Tiktok, etc., have paid nearly VND 4,000 billion in tax, more than the whole year of 2022.
Retail export turnover from business to consumer (B2C) via e-commerce in Vietnam reached 3.5 billion USD in 2022
Retail export turnover from business to consumer (B2C) via e-commerce in Vietnam reached 3.5 billion USD in 2022Retail exports via online channels were estimated at $3.5 billion last year, up 7% compared to 2021 and may increase nearly four times to $13 billion by 2027.
Vietnam’s e-commerce exports may hit VND296 trillion by 2027
HCMC – The rapid growth of global e-commerce presents a valuable opportunity for Vietnam to tap into foreign markets, with the nation’s e-commerce exports projected to reach VND296.3 trillion by 2027. Research conducted by Access Partnership highlights that micro, small, and medium enterprises
Tax revenue from e-businesses below expectations
HCMC – Tax revenues from e-commerce activities have risen over the years, but they are still far behind the industry’s expansion rate, the Ministry of Finance reported. Tax collections from 2018 to date totaled nearly VND5,590 billion. The figure has increased over the years, with the collection
HCMC launches Online Friday 2022
HCMC – HCMC is entering the shopping season with a host of events being kicked off to promote consumption, including Online Friday 2022 and the second Promotion Month, launched yesterday, December 1. The launch event was co-held by the Vietnam E-commerce and Digital Economy Agency, under the
Ecommerce platforms not required to pay taxes on behalf of sellers
HCMC – Ecommerce platform operators in Vietnam will have to provide tax agencies with information about sellers, instead of having to pay taxes on their behalf. This is one of the new regulations stipulated in the Government’s newly issued Decree 91, which amends and supplements Decree 126, and