Amid a booming e-commerce market, tax authorities in Ho Chi Minh City have reviewed 35 livestream sellers, including celebrities, collecting significant sums, with one beauty queen paying $192,000 in taxes.

It has been projected by 2025, the country’s e-commerce market will surpass US$25 billion, according to a report from the Ministry of Industry and Trade (MoIT).

With the rapid growth of the e-commerce market, tax revenue from this sector reached about VNĐ108 trillion (US$4.25 billion) in the first 11 months of 2024.

The explosive growth of e-commerce and logistics in Vietnam is pushing up demand for warehouse real estate along with infrastructure investment.

There are many programs that help Vietnamese goods enter e-commerce platforms available in many markets. However, Vietnamese businesses need to be persistent to follow the path they have chosen.

Temu’s suspension by the Ministry of Industry and Trade has left customers worried about their orders. Experts advise on refunds and delivery inquiries to minimize losses.

Vietnam is set to lead Southeast Asia’s e-commerce revolution, given that this industry potentially drives national economic transformation, according to the latest report published by IMARC Group, a market research provider, on December 1.

"Vietnamese businesses came to Ningbo to showcase their products last year. I found that the products had high quality and low cost, something even Chinese businesses couldn't do," said a representative of a Chinese cross-border e-commerce ecosystem.

Prime Minister Pham Minh Chinh on November 25 ordered relevant ministries and localities to intensify state management over e-commerce.

The proposed amendment would require platforms like Facebook, Apple and Netflix, which generate revenues in Việt Nam, to register and pay taxes directly or through authorised representatives starting January 1, 2025.

The Department of E-commerce and Digital Economy under the Ministry of Industry and Trade (MoIT) has announced that the 2024 E-commerce and Digital Economy Forum will take place on November 21 in Hanoi.

Minister of Information and Communications Nguyen Manh Hung has proposed that YCH Group help Vietnam build a comprehensive supply chain platform to help small and medium sized enterprises export products.

Vietnam’s e-commerce market is estimated at 22 billion USD this year, ranking third in Southeast Asia behind Indonesia (65 billion USD) and Thailand (26 billion USD).

Vietnam’s e-commerce market remains fiercely competitive as global giants vie for dominance, with new entrants joining the fray and established players retreating.

A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to enhance their competitiveness in the domestic market.

The national e-commerce week will take place from November 25 to December 1, while the Vietnam Online Friday 2024 will run from the beginning of November 29 to noon of December 1.

Vietnam’s General Department of Taxation reported a 38% growth in e-commerce tax revenue, thanks to improved monitoring and data analysis.

The Ministry of Industry and Trade raises concerns over the potential impact of Temu's low-cost strategy on local businesses.

VN is currently among the top 10 countries with the highest e-commerce growth rate in the world with revenue reaching nearly VNĐ498.9 trillion (US$20.1 billion) in 2023.