Ho Chi Minh City’s Department of Industry and Trade has announced that it plans to inspect businesses selling on online platforms which show signs of violating regulations.
Cross-border e-commerce is growing strongly in Vietnam. (Photo: tapchicongthuong.vn)
HCM City (VNS/VNA) – Ho Chi Minh City’s Department of Industry and Trade has announced that it plans to inspect businesses selling on online platforms which show signs of violating regulations.
E-commerce platforms and social networks have seen a concerning rise in deceptive trade practices, with advertising and promotions often exceeding 50% of the value of goods and services, the department said.
These excessive promotions create unfair competition in the market and affect consumer rights, it said.
To protect consumer rights and ensure fair competition between domestic and foreign enterprises, the department has proposed several measures to the Ministry of Industry and Trade such as prohibiting advertisements and promotions that violate regulations on websites, e-commerce platforms and social networks, and suspending domain names, websites, e-commerce platforms, and social networks of repeat offenders.
Recently, it has become increasingly common for discounts to surpass 50 % of the value of goods and services on cross-border e-commerce platforms and social media networks. This fosters unfair competition in the market.
The city's authorities plan to verify international e-commerce platforms' compliance with regulations by to create a level playing field.
It also seeks to strengthen taxation and customs regulations by establishing clear guidelines on tariffs, customs procedures and control of cross-border e-commerce.
It is imperative to ensure close oversight and equitable taxation of foreign products sold in Vietnam via cross-border e-commerce, it said.
The department urged the Ministry of Industry and Trade to support businesses in participating in e-commerce, connecting with international partners, attending e-commerce trade fairs and global online exhibitions, and expanding exports through cross-border e-commerce.
It recommended that the Ministry of Industry and Trade encourage businesses to participate in e-commerce and online trade fairs and global exhibitions, facilitating links with international partners, and promoting exports through e-commerce./.
In the era of globalisation, e-commerce is rapidly becoming a popular shopping channel in Vietnam. However, the strong presence of international e-commerce giants, particularly from China, poses significant challenges for Vietnamese enterprises.
The national e-commerce week will take place from November 25 to December 1, while the Vietnam Online Friday 2024 will run from the beginning of November 29 to noon of December 1, according to the Ministry of Industry and Trade. The events will be held on the national scale.
Vietnam has one of the most dynamic live commerce markets globally, driven by its growing population, tech-savvy culture, and an expanding base of discerning young consumers, experts said.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
