E commerce platforms

Experts said e-commerce platforms are afraid that making tax statements and paying taxes on behalf of business individuals will create excessive costs and personnel burdens. On average, 3.5 million transactions are made on e-commerce platforms each day in Vietnam, and the transaction value has been increasing steadily. Many sellers on e-commerce platforms have been dodging taxes, e-commerce platforms will have to pay taxes on the sellers’ behalf, under a new regulation taking effect August 1. Individual sellers that have an annual income of at least VND100 million ($4,348) should pay VAT and personal income tax, and e-commerce platforms should do so on the sellers’ behalf. The Vietnam E-commerce Association (VECOM) has recently said that the regulation is not feasible and would heavily affect e-commerce platforms as well as hundreds of thousands of business individuals. According to VECOM, e-commerce platforms are not subject to make income tax declarations and deductions for … [Read more...] about E-commerce platforms unwilling to pay taxes on sellers’ behalf

Lazada has been supporting Vietnamese businesses via various means With the pandemic continuing to cause havoc, this digitalisation will in turn help build sustainable local communities, especially in more rural parts of the country that have been hardest-hit economically. As a leading e-commerce platform in the region, Lazada has remained strong with the long-standing mission to make it easy to do business everywhere, as well as enhancing the shopping experience for users. In the current pandemic situation in Vietnam, Lazada has activated initiatives to support small- and medium-sized enterprises and farmers, including offering their popular lychee products on the platform. Last month, the platform collaborated with the Vietnamese government and partners to enable the sale of Hai Duong and Bac Giang lychees on Lazada. This initiative is part of Lazada Vietnam’s ongoing efforts to support local businesses and farmers in Vietnamese provinces, and to help them continue their … [Read more...] about E-commerce platforms come to aid of communities

At the event (Source: hanoimoi.com.vn) Hanoi (VNA) – IT firms are ready to complete e-commerce platforms for farmers, unveiled Minister of Information and Communications Nguyen Manh Hung at a teleconference on digital transformation in agriculture and rural development held on June 18. Businesses’ capacity and infrastructure are also qualified to bring farm produce to each household nationwide, the minister added. He said e-commerce platforms can help connect farmers with consumers and trusted suppliers to ensure quality, origin, and competitive prices. Minister of Agriculture and Rural Development Le Minh Hoan said unclear market information is negatively affecting supply and demand in the sector, hence a need for data transparency. Hoan said it is also necessary for the agricultural sector to start building a database and master it, serving information analysis and production planning. Chu Quang Hao from the council of members of the Vietnam Post Corporation … [Read more...] about Firms stand ready for digital transformation in agriculture

Promotion of Vietnam’s popular products is going through its own digital transformation The northern mountainous province of Son La’s plum and Yen Chau’s mango are now officially listed on Shopee’s e-commerce platform, with distribution currently limited to Hanoi and Ho Chi Minh City. The listing on Shopee’s popular platform is being supported by the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT), which helps with product traceability, labelling, and transparency of information. Son La has been preparing to enter the harvest season of fruits such as plums, longans, and mangoes with an output of hundreds of thousands of tonnes. However, COVID-19 has lowered demand and caused issues in the distribution of fresh fruit. Son La is currently the second-largest fruit tree cultivation area in the country, with nearly 73,000 hectares of plantations. Many fruit products of the province are not only widely consumed in the domestic market but also … [Read more...] about Trading with a digital tint

Thieu lychee of Vietnam at a supermarket in Paris, France (Photo: VNA) Hanoi (VNA) – The agriculture sector is set to earn 41 billion USD from export in 2021, according to Vu Ba Phu, head of the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade (MoIT). To this goal, developing processing is a key solution to raising product value, thus increasing export earnings, which is also in line with the Government’s goal of entering the top 15 countries with advanced agriculture, and top 10 with modern farm produce processing industry. In fact, efforts to modernize and further promote technology application in post-harvest processing have resulted in an increase of between 5-7 percent in the agriculture sector ’s annual added value, pushing the average export turnover up by 8-10 percent per year. Nguyen Thanh Tuan, deputy director of the Department of Industry and Trade of the central province of Phu Yen said post-harvest processing is considered a key … [Read more...] about Vietnam targets 41 billion USD in agriculture export in 2021