A report by the e-commerce analytic platform Metric has shown that the total revenue of the five largest e-commerce platforms in Vietnam reached VND318.9 trillion (US$12.6 billion) in 2024, 37.4% higher than 2023.
VOV.VN - Temu, a major cross-border e-commerce platform of China, said that it has refunded customers in Vietnam on request of the Ministry of Industry and Trade, after deciding to cease operations in the market.
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 Agricultural Trade Promotion Centre (Agritrade) under the Ministry of Agriculture and Rural Development has officially launched a booth for Vietnamese agricultural products on Chinese e-commerce platforms and social media, marking a significant step in expanding market access.
VOV.VN - E-commerce platforms, both domestic and foreign, will handle the tax obligations for individuals and businesses that sell goods and services through their platforms in Vietnam as of January 1, 2025, according to legislation adopted at the National Assembly’s ongoing session in Hanoi on November 29.
The E-commerce Connection and Development Forum 2024 on the theme 'Cross-border e-commerce: Export opportunities for Vietnamese products' will be launched in Hanoi on November 26 by the Department of E-commerce and Digital Economy under the Ministry of Industry and Trade.
Vietnamese e-commerce platforms’ revenues fell significantly in the third quarter of this year, while foreign platforms saw considerable expansion, according to a recent report by e-commerce data company Metric.
VOV.VN - Deputy Prime Minister and Minister of Finance Ho Duc Phoc said on November 5 that artificial intelligence (AI) will be used to monitor and manage revenue, transactions, and sales activities on e-commerce platforms.
A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to enhance their competitiveness in the domestic market.
VOV.VN - Temu, an online marketplace operated by the Chinese e-commerce company PDD Holdings, has yet to register to operate in Vietnam, said the E-Commerce and Digital Economy Agency.