E commerce

Tran Tuan Anh, managing director of Shopee Vietnam, said: “With Vietnamese spending most of their time at home in recent months, live streaming has transformed how we access our everyday needs. Livestreaming is now an important source of entertainment and interaction for online shoppers, who use it to connect with others and discover new products online.” … [Read more...] about More Vietnamese use livestream, says e-commerce company

Bangkok (VNA) – Thailand’s consumer price index (CPI) fell by 1.57 percent in June from a year earlier, the country’s Ministry of Commerce announced on July 3. Director-General of the ministry’s Trade Policy and Strategy Office Pimchanok Vonkorpon said that the fall is lower than expectations and improves compared to the 3.44 percent decline in May. She attributed the fall to decreases of 2.53 percent in non-food prices and 16.14 percent in fuel prices. She added that the CPI witnessed a year-on-year reduction of 1.13 percent in the first half of 2020. Inflation is likely to be negative every month in the second half due in part to last year's high comparative figures, Pimchanok stated, adding that the main factor pressuring inflation is the tourism sector because there will not be many foreign tourists coming to Thailand due to the COVID-19 pandemic. The Ministry of Tourism and Sports predicted that the Southeast Asian nation may welcome only 9 million … [Read more...] about Thailand’s CPI drops by 1.57 percent in June

Thanks to these moves, administrative tax reform has seen improvements. According to the Vietnam Chamber of Commerce and Industry’s report on administrative tax reform, businesses rated their satisfaction with tax agencies at 7.79 points, or nearly 78 per cent, up 3 percentage points compared to the 2016 report, and up 7 percentage points from 2014. Meanwhile, the index of tax information access rose 0.23 points, among others. … [Read more...] about Vietnam integrates enterprise tax declaration into National Public Service Portal

AmCham is an independent, non-political, and non-profit membership organisation that serves as the “Voice of American Business” in Vietnam. Our mission is to increase trade and investment between the United States and Vietnam and our diverse membership of agriculture, retail, education, manufacturing, services, and the not-for-profit sector, is unified by a common commitment to the principles of free trade, open markets, private enterprise, and the unrestricted flow of information. … [Read more...] about Moving from former adversaries to trusting and valued partners

Even for big companies which have a specific roadmap and plan, the conversion is still slower than we expected. For small and medium-sized enterprises, digital transformation is a big challenge in terms of capital resource, infrastructure investment and people. … [Read more...] about COVID-19 pushes businesses online