Changes to break e-commerce stride, illustration photo The government has enacted Decree No.85/2021/ND-CP ousting Decree No.52/2013/ND-CP dated 2013 on e-commerce. The former stipulated that e-commerce is a conditional business for foreign investors in Vietnam. Decree 85 amends and supplements some significant regulations on e-commerce activities, which may affect not only foreign investors but also domestic ones. The decree will take effect on January 1, 2022. According to Samuel Son-Tung Vu, partner at law firm Bae, Kim & Lee Vietnam, Decree 85 creates additional barriers for foreign investors in the e-commerce market. Those who wish to control one or more of the leading e-commerce enterprises may face difficulties when applying or amending the respective licence. Thus, such applications shall not only be reviewed by the Ministry of Industry and Trade (MoIT) but shall also be appraised by the Ministry of Public Security (MoPS). Furthermore, Decree 85 is silent on the … [Read more...] about Changes to break e-commerce stride
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“Do you accept payment with MoMo?” “Yes” is the question one can hear at many restaurants and supermarkets in HCM City. Life has become more comfortable for people as they don’t have to carry cash when going out or keep small change to make payments. However, digital payments in general and e-wallets in particular are still not common in other provinces. And in HCM City, e-wallet users have to install Moca to take Grab and AirPay to shop on Shopee because e-wallets are not connected. Most people cannot connect with e-wallets because of the limited number of Points of Sale, which are mostly located in large cities. E-wallets and digital payment services have developed rapidly, especially during the Covid-19 pandemic. A survey by Visa in the third quarter 2020 of 1,000 Vietnamese in urban and rural areas, of various ages, found that 51 percent said they had increased the frequency of using e-wallet. Fifty five percent said they made payments with QR Codes. A report of … [Read more...] about E-wallets need ‘sandbox’ to boom
Representatives of the State Commission for Overseas Vietnamese Affairs and the Vietnam Private Business Association sign a cooperation agreement. (Photo: VNA) Hanoi (VNA) – A webinar was held in Hanoi on October 13 to discuss measures to further promote overseas Vietnamese’s role in the consumption and popularisation of Vietnamese goods abroad. Co-hosted by the State Commission for Overseas Vietnamese Affairs under the Ministry of Foreign Affairs, Ho Chi Minh City's Committee for Overseas Vietnamese Affairs, and the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency, the event aimed to realise the Prime Minister’s Decision No.1797/QD-TTg approving a project on pooling the OVs’ involvement in introduction, consumption and development of Vietnamese goods distribution channels abroad for the 2020-2024 period, on the occasion of the 17th anniversary of the Vietnam Entrepreneurs’ Day (October 13). Speaking at the event, Deputy Minister of Foreign Affairs Pham Quang … [Read more...] about Webinar seeks ways to promote OVs’ role in popularising Vietnamese goods abroad
Authorities in Can Tho City and six provinces of An Giang, Kien Giang, Hau Giang, Soc Trang, Bac Lieu and Ca Mau are expected to join an online meeting on Oct. 19 to decide the specific action plan. In the meantime, they will choose six key areas for cooperation: healthcare, agriculture, trade and services, information and communication, transportation, and employment. The seven localities will agree on a plan to classify Covid-19 patients and treatment facilities, support areas with high rates of infections, share vaccines and medical-biological products. They will also discuss measures to prevent and control the pandemic in the production and transport of agricultural products, connect manufacturers and suppliers with trade promotion units and put agricultural products on e-commerce platforms. In addition, they will create a priority flow for means of transport carrying medical equipment, goods and personnel to serve the pandemic prevention and control task, as well as those … [Read more...] about Mekong Delta localities join forces to fight pandemic, restore economy
A doctor talking with her patient via an online call. — Photo baotintuc.vn “From home” might be the phrase of the year as it has frequently been used in almost every sector during COVID-19, especially the fourth outbreak of the coronavirus in Viet Nam. “Working from home, shopping from home, studying from home, meeting from home, health checking from home” are phrases to describe our lives while we contain the spread of the pandemic. And we can’t do so without the help of technology and digitalisation. However, it is undeniable to say the changes in daily activities during COVID-19 has boosted digital transformation. “Although the digital transformation process has been embarked upon by countries before, the COVID-19 pandemic has sped up the process, when all industries enter the digital environment,” Sulyna Abdullah, Director of the Digital Knowledge Hub Department (ITU-D), said in a conference during the ITU Digital World 2021 event. In Viet Nam, consumers are … [Read more...] about Digital transformation already taking place worldwide
At the talks “Why Vietnam” held recently by the Ministry of Information and Communications, experts affirmed the significant role and position of Vietnam in the technology industry as well as global supply chains. This was an event on the sidelines of the ITU Digital World 2021 hosted by Vietnam. At the talks, the story about Vietnam's role and position in the digital era, the digital transformation process and Vietnam's post-pandemic steps attracted the attention of domestic and international managers, experts and businesses. At the "Why Vietnam?" talks held by the Ministry of Information and Communications in Hanoi. Photo: Trong Dat Many people still think that Vietnam is a small country but from the perspective of IT-communication industry development, where is Vietnam on the world map? Nguyen Thanh Tuyen, Deputy Director of Information Technology Department of the Ministry of Information and Communications: There are many countries in the world … [Read more...] about Where is Vietnam in the technology industry and global supply chain?