e commerce needs better legal framework to prevent tax loss insiders

E-commerce needs better legal framework to prevent tax loss: insiders

The fast-growing e-commerce sector is making big money but its tax payments are not commensurate with its revenues, exposing the need for a better tax policy to prevent losses, according to insiders.
baemin vietnam named in top 5 e commerce market leaders in 2022

BAEMIN Vietnam named in top 5 e-commerce market leaders in 2022

After just 3 years of operation in Vietnam, BAEMIN has been recognised by the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade as one of the five leading enterprises providing e-commerce services in the market.
assessing the potential of buy now pay later services

Assessing the potential of buy now, pay later services

Home Credit is betting on the prospects of buy now, pay later services in Vietnam. Michal Skalicky, chief customer officer of Home Credit Vietnam, shared with VIR’s Thanh Van his insight into the growth potential in Vietnam’s e-commerce market.
growing the adoption of bnpl providers in vietnam

Growing the adoption of BNPL providers in Vietnam

The gaining popularity of buy now, pay later (BNPL) services has served as a spark for new trends in digital merchant adoption. Nguyen An Son, head of Project Development for the Centre for Informatics and Digital Technology at the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy, told VIR’s Nguyen Thu about the prospects for BNPL in Vietnam.
bnpl services open up e commerce options

BNPL services open up e-commerce options

While the market for buy now, pay later services in Vietnam is still in its infancy, more users are opting for this payment method as the technology for both the credit rating process and other logistical aspects is refined.
bnpl catalyses cashless payments in e commerce market

BNPL catalyses cashless payments in e-commerce market

As Buy Now, Pay Later (BNPL) becomes more popular in the nation, experts have shared their insights into the prospects of this new payment service as a catalyst to the growing cashless payments in Vietnam’s e-commerce market.
buy now pay later the future of retail payment

Buy Now Pay Later - The future of retail payment?

Foreign and Vietnamese companies are placing large bets on the buy now, pay later approach in Vietnam, thanks to a significant increase in the use of the payment method, but the sector still presents certain dangers.
insurers show off digital led products

Insurers show off digital-led products

To simplify the purchasing process, insurance companies are in a race to launch new digital products while cooperating with the banking industry and e-commerce platforms.
e commerce marketplaces act as new search engines

E-commerce marketplaces act as new search engines

A report released by Lazada finds 57 per cent of shoppers in the region search for products directly on e-commerce marketplaces, establishing e-commerce platforms as new search engines.
localities accelerate digital transformation in tourism

Localities accelerate digital transformation in tourism

Localities nationwide are accelerating digital transformation to create breakthroughs in the tourism sector.
tech giants complying with new tax system

Tech giants complying with new tax system

A range of multinationals have already complied with Vietnam’s new foreign supplier tax portal – subsequently, these groups are now adjusting their tax policies, which may affect companies and individuals who generate income from digital platforms.
cashless payments take over the streets

Cashless payments take over the streets

Cashless payments made through scanning QR codes or other online payment methods at grocery stores or roadside eateries are becoming a bigger habit of many Vietnamese consumers.
foreign e commerce floors must supplement business licenses before january 1

Foreign e-commerce floors must supplement business licenses before January 1

Foreign-invested e-commerce floors doing business in Vietnam must supplement their business licenses before January 1 next year if they have not provided enough according to regulations.
clearing the way to legal support for bnpl services

Clearing the way to legal support for BNPL services

As of 2022, Vietnam’s population is close to 100 million, with two-thirds being of working age. The country is home to a rapidly growing e-commerce market, yet surprisingly, it is also one of the Southeast Asian countries with the lowest credit card penetrations, estimated at 4.1 per cent in 2021.
retailers jostle for superiority

Retailers jostle for superiority

The boom of e-commerce in the rental market space in commercial centres has forced developers to assert their distinct identities.