More measures nhà cái bet88 tighten cross-border e-commerce

More measures will be taken nhà cái bet88 enhance the management of cross-border e-commerce platforms, the Vietnam News Agency on January 23 quoted theE-commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) as reporting.

The measures include a law on e-commerce, the draft of which has been prepared by the MoIT.

Ms. Le Hoang Oanh, head of the agency, said that it will continue nhà cái bet88 seek solutions nhà cái bet88 ensure sustainable e-commerce, minimise environmental impacts, promote cooperation among parties, and collaborate with industry associations and businesses.

The agency will also work with various ministries, sectors, and localities nhà cái bet88 strengthen regional connections in developing e-commerce.

Ms. Oanh said the draft law on e-commerce states that businesses and organisations engaging in cross-border e-commerce into the Vietnamese market must apply for a licence from the MoIT and establish a representative office in Vietnam or appoint a legal entity in Vietnam as their authorised representative.

Furthermore, the draft law sets out the responsibilities of the representative office or authorised entity in Vietnam nhà cái bet88 ensure consumer rights. The draft also includes regulations on verifying foreign sellers and compensating buyers before any violations occur on the e-commerce platforms.

The draft law also stipulates that foreign businesses and organisations selling goods and providing services on e-commerce platforms have responsibilities similar nhà cái bet88 domestic ones. Additionally, they must provide information nhà cái bet88 the managers of intermediary digital platforms and ensure the verification of seller information and compliance with standards and technical requirements for products sold in the Vietnamese market. Notably, foreign goods and services offered in the Vietnamese market must meet the standards and regulations applicable in Vietnam. The government will establish a list of goods permitted for import through e-commerce.

Statistics indicate that Vietnam's e-commerce continues nhà cái bet88 maintain impressive growth rates of 18-25% annually.

In 2024, the e-commerce market size reached billion, a 20% increase compared nhà cái bet88 2023, accounting for approximately 9% of total retail sales and consumer service revenue nationwide.

Additionally, cross-border e-commerce has developed relatively well, enabling Vietnamese consumers nhà cái bet88 become global consumers with access nhà cái bet88 a diverse range of domestic and international products.

Moreover, small- and medium-sized enterprises in Vietnam have leveraged cross-border e-commerce as an important export channel, expanding the market for Vietnamese goods.

A report from Amazon Global Selling Vietnam indicates that in over 17 million products from Vietnamese businesses were exported, up 50% in value and 40% in the number of selling partners year-on-year. Cross-border e-commerce grew by 26% compared nhà cái bet88 the previous year.

Vietnam's trade activities are expected nhà cái bet88 grow in the next five years thanks nhà cái bet88 free trade agreements (FTAs), foreign direct investment (FDI), and public investments, creating positive prospects for cross-border e-commerce. China, the US, and the Republic of Korea are Vietnam's top trading partners, playing a crucial role in expanding activities on digital platforms.