A draft law requiring all supermarkets in Vietnam to open through holidays and provide online sales and delivery services has angered retailers.
Retail goods and services generated revenues of nearly VND1.4 quadrillion (US$63 billion) in the first four months of 2018, a year-on-year rise of 9.85%.
In 2014, Vietnamese were the most economical consumers in South East Asia in a Nielsen survey. However, their spending habits have changed.
The Vietnam Retail Forum, themed “10 years of retail market and challenges in the future”, was held in Hanoi on December 12.
The General Department of Taxation has asked local tax authorities to inspect foreign retailers operating in Vietnam to see if they are transfer pricing or shifting profits to avoid tax.