Vietnam amends decree on e-com regulation related to foreign traders
Last Updated on December 16, 2022 by Admin
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Vietnam recently amended an earlier decree on e-commerce involving foreign traders and entities operating websites with Vietnamese domains and language, and having over 100,000 annual transactions in Vietnam. They now must register their activities in line with regulations, establish representative offices or appoint authorised representatives in the country.
Their representative offices or authorised representatives must work with Vietnam’s state management agencies to prevent transactions of goods and services that violate the nation’s laws, according to media reports in the country.
According to a study conducted by iPrice Group and SimilarWeb, the top 50 shopping sites’ web visits in Vietnam’s Map of E-commerce in the first six months reached more than 1.3 billion, the highest ever and up by 10 per cent from the first quarter.
Vietnam recently amended an earlier decree on e-commerce involving foreign traders and entities operating websites with Vietnamese domains and language, and having over 100,000 annual transactions in Vietnam.They now must register their activities in line with regulations, establish representative offices or appoint authorised representatives in the country.
Fibre2Fashion News Desk (DS)
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