e-commerce platforms

Foreign e-commerce platforms to pay tax on behalf of sellers in Vietnam

E-commerce platforms, both domestic and foreign, will handle the tax obligations for individuals and businesses that sell goods and services through their platforms in Vietnam as of January 1, 2025, according to legislation adopted at the National Assembly’s ongoing session in Hanoi on November 29.

Society – Economy

Foreign e-commerce firms pay over VND8.6 trillion in taxes
According to the General Department of Taxation under the Ministry of Finance, by early October 2024, foreign service providers such as Google, Facebook, and TikTok had contributed over VND 8.6 trillion in taxes.
Minister of Industry and Trade directs oversight of e-commerce activities
In a statement released to the media yesterday, Minister of Industry and Trade Nguyen Hong Dien emphasized the need for heightened management and oversight of e-commerce activities.

HCMC Industry and Trade authority to scrutinize e-commerce platforms
The Ho Chi Minh City Department of Industry and Trade announced plans to review businesses operating on online platforms that show signs of regulatory violations.
Seminar seeks to expand exports via international e-commerce platforms
A consultative seminar was held on October 17 in Hanoi to unveil the research titled “E-Commerce Trends in the World and Implications for EU-Vietnam Trade” amid the presence of experts, business representatives, and policy makers.
Legal framework needed to control counterfeit and low-quality cosmetics on e-commerce platforms
Experts said that strengthening inspections of cosmetics production and business activities and establishing legal frameworks for market oversight is seen as a critical measure to regulate the industry.
E-commerce sales expected to reach US$30 billion in 2024
E-commerce sales in Vietnam are expected to reach US$30 billion by the end of this year.

Businesses, related agencies join hands in building Vietnamese brands
Businesses must be conscious of investing in brand building for their own products. Of course, the government and related ministries should support them with preferential policies.
Fines issued on 764 violations in e-commerce total VND12 billion in 2023
The Ministry of Industry and Trade (MoIT) revealed that there were 764 violations in e-commerce with a total fine of VND12 billion (US$ 471,601) in 2023.

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