Vietnam: Guidance concerning e-commerce websites and activities; amendments regarding investment, enterprises
Guidance implements measures regarding the governance and management of e-commerce websites and e-commerce activities
Legislative amendments regarding investment, enterprises
Guidance—Circular No. 01/2022/TT-BCT—implements measures regarding the governance and management of e-commerce websites and e-commerce activities accessed by means of mobile applications used in cellphone devices.
These implementation measures are effective 8 March 2022.
The provisions under the guidance include:
- Simplification of the procedures for economic entities, and organizations with e-commerce websites offering sales and e-commerce services provision functions. Under these simplified measures, economic entities and organizations only need to register with the Ministry of Industry and Trade instead of implementing both the registration and notification as previously required.
- Detailed guidance regarding the provision of e-contract authentication services, under which the contents of the operating regulations for the provision of e-contract authentication services are regulated and required to be published on the entity’s homepage (website).
- Issuance of application form for registration of website providing e-commerce services to replace the old form.
New law amending articles under various laws on investment, enterprises
The National Assembly passed Law No. 03/2022/QH15 (11 January 2022) amending and supplementing a number of provisions under the laws governing the special consumption tax as well as the laws concerning investment, public-private partnerships, and enterprises.
The measures are effective 1 March 2022.
Read a March 2022 report [PDF 79 KB] prepared by the KPMG member firm in Vietnam
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.