>> E-commerce tax revenue exceeds USD 4.2 billion
>> More tax reforms needed to address e-commerce challenges
>> E-commerce on an upward slope: USD 5.8 billion forecast by 2028
| Photo : CTV/CVN |
The Ministry of Industry and Trade says 116 foreign suppliers registered, declared and paid taxes through their dedicated electronic portal, bringing in a total amount of 19.774 trillion VND. Direct income from declarations via this portal reached 8.687 trillion VND this year, an increase of 26% compared to the same period last year.
Notable platforms, such as Google, Meta (Facebook), Microsoft, TikTok, Netflix and Apple, are included in this figure.
Also according to a report from the Ministry of Industry and Trade, Vietnam’s B2C (Business-to-Consumer) e-commerce market grew by 18-20% in the first ten months of 2024.
Nguyen Lam Thanh, representative of TikTok in Vietnam and vice president of the Vietnam Digital Communications Association, believes that e-commerce is part of digital transformation in the retail sector. Every year, the number of orders on e-commerce platforms in Vietnam is huge.
Since 2024, the trend towards Shoppertainment (the combination of entertainment and e-commerce) has been on the rise. Vietnamese companies must seize this trend to transform themselves, he added.
Promote state management
Lack of knowledge, digital skills and market information, and due to legal, tax, logistics and payment barriers, many Vietnamese businesses, including micro, small and medium enterprises, face challenges. challenges in the e-commerce market.
In addition, international market fluctuations, trade tensions and increasing demands for quality standards require great efforts from the business community.
To promote e-commerce, Prime Minister Pham Minh Chinh recently issued Official Telegram No. 119 ordering a number of relevant ministries and localities to promote state management in this area. He also asked to evaluate the implementation of the national e-commerce development master plan for the period 2021-2025 and to establish another plan for the period 2026-2030.
VNA/CVN
