Vietnamplus

Despite the effects of the COVID-19 pandemic, the Vietnamese e-commerce market is still booming. Therefore, the amendment and supplementation of Decree 52/2013/ND-CP on e-commerce to better manage the activity, considered "the future of the retail market", is extremely necessary.

Tax declared from e-commerce activities had been increasing, reported the General Department of Taxation.

The Vietnam Trade Promotion Agency has encouraged localities, businesses and trade promotion organisations develop online marketing measures during the novel coronavirus (COVID-19) pandemic, said agency director Vu Ba Phu.

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.

The Ministry of Finance is building a draft scheme on the management of e-commerce activities for imports and exports.

The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities.

The first Vietnam International Port, Infrastructure and Logistics Exhibition & Conference (VIPILEC 2019) opened in Ho Chi Minh City on June 12 with the participation of 100 exhibitors from 15 countries and territories.

There should be a shared database of online sellers to make sure tax collection in e-commerce activities is sufficient, officials have said.

Almost a third of more than 4,100 enterprises surveyed in Vietnam do business on social networks, a slight decrease from the previous year, according to a survey conducted by Vietnam E-commerce Association (VECOM).