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Ministry of Industry and Trade (MoIT) Deputy Minister Do Thang Hai |
National e-commerce Week and the 10th annual Vietnam Online Shopping Day kicked off on December 1, and to mark the occasion, the Department of e-commerce and Digital Economy under the Ministry of Industry and Trade (MoIT) organised the Vietnam e-commerce Development Conference.
Ministry of Industry and Trade (MoIT) Deputy Minister Do Thang Hai said, "Vietnam's e-commerce sector has recorded outstanding growth annually since the beginning, and has now become a vital component in the country's digital economy."
However, e-commerce still faces many challenges such as ensuring the quality and origin of goods, the safety and security of customer information, and a logistical infrastructure struggling to keep pace with growth.
To promote the sustainable development of e-commerce, Le Hoang Oanh, the director general of the MoIT's Department of e-Commerce and Digital Economy, highlighted the need for stable growth, along with a focus on green development and environmental protection, improved human resources, and consumer protection.
Vietnam's e-commerce market is among the top 10 in the world and is expected to continue to grow over the next two years.
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In addition, representatives of the National Competition Commission announced policies at the conference to protect consumer rights online.
Many observers agreed that consumer confidence is paramount to ensuring the continued growth in e-commerce, and so to increase faith in online transactions, proposals such as a system of regular inspections, examinations, and supervision, along with amending laws and regulations on protecting consumer rights, were made.
![]() | E-commerce tax compliance required Local authorities have announced intentions to reinforce tax declarations and payments, as numerous e-commerce platforms have been found to provide inadequate tax information. |
![]() | Cashless payments in e-commerce to account for 50 per cent by 2025 The Ministry of Industry and Trade (MoIT) has set a target to increase the cashless payment ratio in e-commerce, especially e-payments through payment intermediaries or applications, to 50 per cent by 2025. |
![]() | Logistics landscape changing through e-commerce overhaul The promising e-commerce sector in Vietnam, which has seen exponential growth and is projected to surpass regional counterparts such as Thailand, Philippines, Malaysia, and Singapore, has had a profound impact on the logistics industry. |
![]() | Online exports excite e-commerce players Many businesses are implementing strategies to access international markets through product promotion and consumption on e-commerce platforms to exploit the fertile potential of online exports. |
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