By the end of 2024, the number of Vietnamese YouTube channels generating revenues in the billions of dong has surged by over 35% compared to the previous year, reflecting the platform’s growing influence as a powerful economic engine.

Vietnamese authorities have ordered Temu to refund all customers with undelivered orders and issue compensation credits, while the platform continues to face regulatory hurdles.

Under stricter online regulations taking effect this December, foreign platforms operating in Vietnam must comply with tighter deadlines for removing illegal content and suspending offending accounts.

Vietnam’s e-Tax Portal for foreign suppliers has proven its effectiveness, enabling 110 international entities to declare and pay over VND 6.234 trillion ($260 million) in taxes this year.

Vietnam’s Tax Authority has confirmed that Temu’s operator has completed tax registration, initiating quarterly revenue declarations to ensure full compliance.