E-commerce platform Temu suspends operations in Vietnam
The cross-border e-commerce platform Temu has suspended its operations in Vietnam as per requests from the Ministry of Industry and Trade (MoIT).
The cross-border e-commerce platform Temu has suspended its operations in Vietnam as per requests from the Ministry of Industry and Trade (MoIT).
The rapid growth of e-commerce has contributed significantly to Vietnam's economic development, but it also brought challenges, particularly in tax management.
The Ministry of Industry and Trade (MoIT) has engaged with representatives from cross-border e-commerce platforms Temu and Shein, mandating them to complete business registration procedures within this month.