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.

According to a new scheme approved by the Prime Minister, the value of non-cash payments would be 25 times higher than GDP and the proportion of the payment method in e-commerce would account for 50% by 2025.

Representatives from State management bodies and companies speak about the advantages and challenges Vietnamese businesses face in e-commerce, especially commodity exports.

As trading activities on e-commerce platforms bring huge profits, collecting tax has become a burning issue for many countries.

Vietnam’s e-commerce has been growing rapidly, and when the pandemic is over, the e-commerce market is expected to be even more robust.

Better regulations are expected to come into play to facilitate the growth of Vietnam’s e-commerce logistics sector.