Vietnamese spend $8.9 billion on ecommerce
The total transaction volume in the Jan-Sep period increased by 37.7% compared to the same period last year.
The total transaction volume in the Jan-Sep period increased by 37.7% compared to the same period last year.
Disappointment is the hidden costs that often outweigh the savings of buying cheap online, even when it looks like a bargain.
As ads for fake beauty products proliferate on social media, Vietnam's Ministry of Health is taking action to protect consumers and crack down on online counterfeit cosmetics.
Hanoi reaffirms its commitment to strengthening market control, especially on online platforms.
These assessments are part of intensified efforts by tax authorities to tighten the management of e-commerce and prevent tax losses.
Hanoi will open a VND10 billion (nearly US$400,000) live streaming center this July to help businesses sell their products online.
Daily transactions through e-commerce platforms like Shopee, Lazada, and TikTok are estimated at $45-$63 million, amounting to $1.3-$1.9 billion per month.
E-commerce and livestream sales are activities that have arisen in the development of information technology.
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The explosion of e-commerce has brought with it counterfeit goods and intellectual property infringements, as well as the need to protect consumer rights.