Accordingly, a foreign trader or organization that has a website providing e-commerce services in Vietnam is a trader or organization with a Vietnamese domain name, or the display language is Vietnamese, or it has over 100,000 transactions from Vietnam in a year.

To be able to provide e-commerce services in Vietnam, foreign traders and organizations must carry out registration procedures with the Vietnamese Ministry of Industry and Trade.

They must also establish representative offices in Vietnam in accordance with the law or appoint an authorized representative in Vietnam. In addition, they are responsible for coordinating with state management agencies in preventing illegal goods and service transactions, protecting consumers' interests, and submitting a product quality and report to the Ministry of Industry and Trade about their operation in the previous year.

The new regulation on foreign traders and organizations conducting e-commerce activities in Vietnam in Decree 85 further perfects the legal system, creating an equal competitive business environment among domestic and foreign service providers.

According to the Ministry of Industry and Trade, the retail e-commerce market grew from 2.2 billion USD in 2013 to 13.7 billion USD in 2021, accounting for 6.5% of the total retail sales and consumer services of the country.

The "e-Conomy Southeast Asia 2021" report by Google, Temasek and Bain & Company predicts that Vietnam will be one of two e-commerce markets with outstanding growth in the next few years in Southeast Asia. The market is expected to increase by 300%, from 13 billion USD in 2021 to 39 billion USD in 2025.

Mai Lan

Vietnam e-commerce has successful year despite pandemic

Experts say that with the growth in both the total value of goods and the number of users, Vietnam's e-commerce had a successful year, according to a report from Lazada.