Vietnam wants Chinese online stores Temu and Shein to register with the government, otherwise an action will follow blockade.
The Vietnamese government and local internet players have expressed concern about the impact of Chinese online platforms on local markets due to deep discounting.
The Ministry of Commerce warns against the sale of counterfeit goods.
Nguyen Hoang Long, Vietnam’s Vice Minister of Trade, is now pushing for permits.
Fast-fashion retailer Shein has been operating in Vietnam for at least two years, while Temu, owned by Chinese e-commerce giant PDD Holdings, launched last month,
In Vietnam, imported goods up to 1 million dong ($40) are exempt from VAT, making the market extra attractive for bargains.
Vietnam’s e-commerce market has grown 18 percent this year to $22 billion. This makes it the third largest in Southeast Asia after Indonesia and Thailand.
Source: www.emerce.nl
