Vietnam works to close loopholes in e-commerce

Vietnam’s fast-growing e-commerce sector has posed a great challenge for the Government as many retailers are using loopholes in management regulations to trade counterfeit goods and cheat consumers, thus creating economic losses and shattering shoppers’ confidence in genuine e-commerce activities.
Vietnam works to close loopholes in e-commerce ảnh 1Illustrative image (Source: Internet)
Hanoi (VNA) – Vietnam’s fast-growing e-commerce sector has posed a greatchallenge for the Government as many retailers are using loopholes inmanagement regulations to trade counterfeit goods and cheat consumers, thuscreating economic losses and shattering shoppers’ confidence in genuinee-commerce activities.

Besides local firms like Shopee, FPT, Tiki, Thegioididong, Adayroi, and Sendo,the e-commerce playground in Vietnam has seen the entry of several foreigngiants, including Alibaba, Amazon, and Lazada.

According to Germany’s Statista Market Research Company, the total combined revenueof e-commerce companies in Vietnam reached 2.26 billion USD in 2018, up nearly30 percent from the previous year. The size of the Vietnamese e-commerce marketwas about 6 billion USD as of the end of 2018.

However, e-commerce in the country has turned into a haven for counterfeit and smuggled goods, as well asviolations of intellectual property rights.

Director of the Ministry of Industry and Trade’s Department of E-commerce andDigital Economy Dang Hoang Hai said that most of the current on line trading platformsfail to publicise consumers’ rights and duties, while fake goods are publiclysold.

E-commerce websites usually useimages of real, genuine goods for sale at a much cheaper price to attractbuyers, who then receive made-in-China products of low quality.

Head of the Ministry of Industry and Trade’s Department of Market ManagementTran Huu Linh said that the department is outlining stricter measures to handlesuch violations. It will work to develop a database and electronic receiptsystem to better control the market, he said, adding that the market managementforce will promote a communications campaign to raise public awareness ofe-commerce regulations, while enhancing international cooperation in cybersecurity.

In addition, the department will join hands with police, customs, border guard,and taxation forces to fight against smuggling, counterfeit trade, andviolations of intellectual property rights.

A representative from the General Department of Taxation said that humanresources training must be given due attention to ensure that officers holdexpertise in taxation, accounting, foreign languages, and informationtechnology to prevent tax fraud in e-commerce.

In addition, legal documents on taxation should be completed to fit e-commercedevelopment, as well as the operations of organisations and individuals. –VNA 
VNA

See more

The Lumitel brand is being promoted on walls across Burundi. (Photo: Viettel)

Lumitel – A bright spot in Vietnam-Burundi collaboration

After a decade of operations, Lumitel has become the leading telecommunications provider in Burundi and one of the largest contributors to the Burundian government's budget, providing stable employment for over 60,000 workers and indirectly creating around 100,000 jobs.

Belarusian Deputy Prime Minister Anatoly Sivak speaks at the forum. (Photo: VNA)

Ample room remains for Vietnam - Belarus trade cooperation

To further develop the Vietnam-Belarus economic and trade relationship, it is essential to enhance trade promotion and investment initiatives such as trade fairs, forums, thematic workshops, and trade connections, which serve as an important bridge for businesses from both sides to meet, connect, and seek cooperation opportunities.

The 5th Exhibition of Ho Chi Minh City and Friendship Provinces and Cities in Savannakhet takes place from April 2 to 6. (Photo: VNA)

Vietnam, Laos boost trade at Savannakhet expo

Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience, and explore investment prospects. He also noted its significance in promoting local products to a wider market.

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.