Vietnam Maritime Commercial Joint Stock Bank (MSB) announced on December 15 that it has become the first Vietnamese lender to sign a comprehensive cooperation agreement with Alibaba.com, a global business-to-business (B2B) e-commerce platform of Alibaba Group.

In 2021, Vietnam recorded 5,600 newly-established digital technology businesses, stemming from the need to work, sell and communicate online in the context of the COVID-19 pandemic.

E-commerce platforms may choose not to declare and pay tax on behalf of sellers, this is new information as per Circular 100 issued by the Ministry of Finance, replacing the previous Circular 40.

Despite the severe COVID-19 pandemic, the Vietnamese startup ecosystem is witnessing an impressive growth, with various startup projects being successful in gaining millions of dollars of capital this year.

Once operational, the Vietnam National Pavillion on Chinese e-commerce platform JD.com will help Vietnamese products to be distributed directly to consumers in the importing countries, said an official.

The e-commerce market of Vietnam has expanded strongly in recent years, becoming a popular business method among enterprises and consumers.

The Korea Trade-Investment Promotion Agency (KOTRA) has announced that it is running an event to promote the Republic of Korea (RoK)’s high quality consumer products in Vietnam at the Estella Place shopping mall in Ho Chi Minh City and Shopee e-commerce platform.

National flag carrier Vietnam Airlines has launched an e-commerce platform called VNAMALL (http://vnamall.vietnamairlines.com/), offering discounted deals on more than 300 products as part of its Black Friday promotional event.

E-commerce platforms have launched sale promotion programs for Single’s Day November 11, the biggest shopping event of the year, promising big sales on millions of items.

Vietnam’s exporters should pay more attention to expanding sales on e-commerce platforms besides trade promotion activities in particular in order to expand export of ago-forestry-aquaculture products to China and its Guangdong province, according to the Vietnam Trade Promotion Agency (Vietrade).