foreign tech giants contribute 166 million in taxes in h1

Foreign tech giants contribute $166 million in taxes in H1

The General Department of Taxation (GDT) in Vietnam has reported that prominent foreign tech companies, including Google, Apple, Facebook, Netflix, TikTok, made substantial tax contributions, amounting to around $166 million during the first half of 2023. This development comes as the tax authority intensifies efforts to streamline tax collection in the rapidly expanding e-commerce sector.
vietnam to launch unified e commerce platform across 63 cities and provinces

Vietnam to launch unified e-commerce platform across 63 cities and provinces

The Department of E-Commerce and Digital Economy, under Vietnam's Ministry of Industry and Trade (MoIT), is leading an initiative to create a unified e-commerce platform spanning all 63 cities and provinces.
flexible sales methods push e commerce sellers ahead

Flexible sales methods push e-commerce sellers ahead

With the shopping experience combined with entertainment becoming more likely to affect consumer decisions, the attractiveness of e-commerce platforms may depend on how much they innovate.
tiki battles to keep up with financially muscular rivals

Tiki battles to keep up with financially muscular rivals

Amid the resignation of Tiki’s co-founder, Vietnam’s e-commerce landscape faces a challenging period underscored by intense competition, performance challenges, and the pressing need for a strategic overhaul.
tiki ceo tran ngoc thai son steps down casting shadows over ipo plan

Tiki CEO Tran Ngoc Thai Son steps down, casting shadows over IPO plan

According to a report by DealstreetAsia, Tran Ngoc Thai Son, CEO and co-founder of Tiki, has tendered his resignation to the company's Board of Directors.
new e commerce trend popular in thailand

New e-commerce trend popular in Thailand

Shoppertainment, where content and commerce converge on a platform, has become the next era of online commerce, expected to be worth 1 trillion USD across Asia-Pacific by 2025, said Sirinit Virayasiri, head of business marketing for Thailand TikTok.
rosy prospects for online exports

Rosy prospects for online exports

Increasing numbers of local firms have been joining global e-commerce platforms after overcoming the initial barriers, leading to expectations that the country’s online exports could soon break the $10 billion revenue mark.
consumers empowered with kredivo

Consumers empowered with Kredivo

By continuing to leverage top-notch technologies, fintech group Kredivo is well-positioned to maintain its market triumph in the buy now, pay later (BNPL) market and offer Vietnamese customers with an unparalleled experience, tapping into the country’s rapidly growing e-commerce sector with a convenient and secure way for online payment.
e commerce competition a story of past and future

E-commerce competition: a story of past and future

E-commerce investment activities in Vietnam can be divided into three main phases. In the first phase, Vietnam’s e-commerce industry started from the mid-2000s to 2010 with early generations of e-commerce platforms such as Vat Gia, En Bac, Cho Dien Tu, and 123mua.vn.
mindset change to boost status of vietnams logistics

Mindset change to boost status of Vietnam’s logistics

Vietnam continues to be chosen as a destination to create growth space for logistics, but more sustainable development remains a target that may be further off.
e commerce can be the key for success in logistics

E-commerce can be the key for success in logistics

Different from the importance in regular trade, efficient logistics is essential for the development of the e-commerce industry. We know that the e-commerce business is largely facing direct consumers. These buyers usually have very high expectations of logistic speed, and efficient logistics plays a significant role in improving customer satisfaction.
vietnams e commerce market to reach 20 billion by year end

Vietnam’s e-commerce market to reach $20 billion by year end

Vecom forecasts Vietnam’s e-commerce market will increase by 25 per cent to US$20 billion by year end.
tiki diversification still to latch onto sustained success

Tiki diversification still to latch onto sustained success

Despite concerted efforts in service diversification, e-commerce giant Tiki has its back against the wall amid challenging times.
report shows e commerce trending towards sustainability

Report shows e-commerce trending towards sustainability

Sustainable eCommerce will connect individual shopping behaviors towards long-term shopping trends including search, selection, purchase, payment and exchange.
chinese shopping app temu wows us amid tiktok fears

Chinese shopping app Temu wows US amid TikTok fears

Shopping online at Temu, Laurie Silva paid just $1.25 for earrings and $15 for a cardigan -- she is among millions of US consumers the Chinese platform is wooing with low-cost bargains and a dizzying array of products.