E-commerce in Vietnam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.
Online import and export activities of small- and medium-sized enterprises (SMEs) are expected to develop further due to the low number of them currently embracing e-commerce, according to experts.
Cross-border e-commerce platform Fado Vietnam and its Chinese counterpart Alibaba signed a cooperation agreement on March 14 in Ho Chi Minh City to launch a new trading channel supporting Vietnamese firms, especially small- and medium- sized enterprises (SMEs).
Economic ministers from the Association of Southeast Asian Nations (ASEAN) on November 12 signed an agreement to facilitate cross-border e-commerce transactions within the region.
E-commerce has rocketed in Vietnam over the past five years, with online retail sales expanding 20 percent annually, according to the Department of E-commerce and Digital Economy under the Ministry of Industry and Trade.
The 29th APEC Ministerial Meeting (AMM) concluded successfully in the central city of Da Nang on November 9 after three sessions, passing four main initiatives to be submitted to the leaders for approval.
APEC SOM3 has updated a draft report on APEC economic policy on human resources development and structural reform, said Assistant to the APEC 2017 SOM Chair Do Hung Viet.
Measures to address e-commerce related disputes between Vietnamese and Japanese firms were sought at a workshop held in Ho Chi Minh City on November 12.