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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.

Vietnam could have Southeast Asian's third-largest e-commerce market by 2025.

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

Challenges related to network security, customer trust and an inadequate legal framework are road blocks to the digital transformation of Vietnamese banks, experts told a recent conference in HCM City.

Currently, businesses may not need to be present in each country to provide services. Therefore, the old concept of a physical business is no longer relevant in the digital age.

Vietnam needs to accelerate the digitalisation of its economy and make the most of its full potential and strengths to promote global competitiveness, according to an economic expert from AlphaBeta Consulting.

Non-cash payments bring enormous benefits for individuals, banks and others, helping increase transparency while reducing social expenses relating to using cash.

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.

Although the mobile advertisement market in Vietnam is still modest as compared to regional countries, businesses are said to splash out 200 million USD on advertisement on mobile platform in 2020, much higher than the amount of 78 million USD recorded in 2017.

Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.

The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.

The development of online tourism in Vietnam is an inevitable trend as the non-smoking industry is strongly affected by technological advances.

Thailand will levy tax on cross-border e-commerce transactions, beginning in April, following the fast growth of e-commerce in the country recently.

Lan Anh, an accountant living in District 3, HCM City, is over-worked as the Lunar Year draws to a close.

Online marketing in Vietnam is entering a period of rapid development, but this development continues to face obstacles, including consumer confidence, payments and online marketing.

The Prime Minister has given the green light to a master plan to develop e-commerce over the period 2016-2020.

The State Bank of Vietnam has written to banks, credit institutions and financial organisations, warning them against hackers.

The Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade set a goal to get 30 percent of Vietnamese people shopping online by 2020.

Vietnamese exporters have not used websites effectively for their operations, while small and medium-sized enterprises (SMEs) have made full use of e-commerce.