how covid 19 has changed e commerce in vietnam

How COVID-19 has changed e-commerce in Vietnam

Vietnam’s e-commerce sector continued to grow during COVID-19 but there was significant variation in consumer behaviour, with notable differences in spending across platforms and categories, according to Vietnam's State of E-commerce report by YouGov Vietnam.
international couriers increase flights to vietnam to meet the soaring air cargo demand

International couriers increase flights to Vietnam to meet the soaring air cargo demand

In light of the e-commerce boom, international couriers are increasing flights and upgrading freight capacity to tackle the surge in demand for air cargo shipping to and fro Vietnam.
southeast asian consumers show uncanny love for shopping on repetitive dates

Southeast Asian consumers show uncanny love for shopping on repetitive dates

Southeast Asian consumers have a tendency of making larger purchases on repetitive dates, creating a unique shopping trend not found anywhere else in the world.
tax authorities hold full data of online vendors from 2022

Tax authorities hold full data of online vendors from 2022

Local tax authorities will have full access to data pertaining to the revenue of vendors on online platforms from 2022.
tax authorities at a loss over collecting dues from online business

Tax authorities at a loss over collecting dues from online business

Despite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead, finding workarounds and loopholes.
accesstrade vietnam repositions after six years

ACCESSTRADE Vietnam repositions after six years

Last week, ACCESSTRADE Vietnam, an up-and-coming affiliate marketing platform based in Hanoi, celebrated its sixth anniversary with more than one million publishers, advertisers, and partners who have accompanied the company’s development.
society pass from us acquires leflair with plans of relaunch in third quarter

Society Pass from US acquires Leflair with plans of relaunch in third quarter

US tech firm Society Pass has completed the acquisition of e-commerce brand Leflair with a view to relaunch it in the third quarter of this year.
new rule reshuffles tax burden

New rule reshuffles tax burden

While new efforts from the Vietnamese government to press e-commerce platforms to declare and pay tax on behalf of individual vendors and business households would unscramble tax enforcement for local authorities, e-commerce platforms are pushing back against the extra burden placed on them.
e commerce expansion complicates tax obligations

E-commerce expansion complicates tax obligations

As one of the fastest-growing internet economies, Vietnam boasts great potential for e-commerce thanks to the country’s increasing young and tech-affine population. E-commerce has driven significant growth in Vietnam at 46 per cent, alongside strong growth across most sectors except for travel, according to a report from Google, Temasek and Bain & Company.
new tax burden under circular 40 finds resistance from e commerce platforms

New tax burden under Circular 40 finds resistance from e-commerce platforms

Various e-commerce platform operators are voicing concerns about the latest regulation putting the burden on reporting and paying tax for their individual vendors.
e commerce platforms come to aid of communities

E-commerce platforms come to aid of communities

Digitalisation is allowing enterprises, including those that traditionally operate offline such as those in agriculture, to start online businesses and enable them to expand their customer reach, empowering them to grow for the long term.
trading with a digital tint

Trading with a digital tint

To further promote and strengthen the position of high-quality Vietnamese goods and services in the domestic and international markets, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade has been working with e-commerce platforms. As such, the agency has secured another deal with the popular sales platform Shopee to enable farmers to sell local produce on a wider scale, in addition to supporting them with the necessary training.
digital distribution takes vietnams coffee to the world

Digital distribution takes Vietnam’s coffee to the world

Taking advantage of the digital transformation and e-commerce platforms could be critical to help Vietnamese coffee brands reach global markets.
visa extends support of cashless day to drive growth of non cash payments in vietnam

Visa extends support of Cashless Day to drive growth of non-cash payments in Vietnam

Visa, the world’s leader in digital payments, is celebrating Cashless Day in Vietnam by raising awareness to the benefits cashless payments provide businesses and consumers across the country.
shopee tiki and lazada to pay tax for their online sellers

Shopee, Tiki, and Lazada to pay tax for their online sellers

E-commerce operators like Shopee, Tiki, and Lazada will need to fulfill tax obligation for their online sellers according to Circular No.40/2021/TT-BTC guiding VAT, PIT ,and tax management for business households and individuals.