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temu
Ministry of Industry and Trade speaks out about Temu ceasing operations in Vietnam
The Department of E-commerce and Digital Economy (Ministry of Industry and Trade) has requested the owner of the Temu platform to comply with the provisions of the law on e-commerce in Vietnam.
Temu stops operations in Vietnam
The e-commerce platform Temu has temporarily suspended its services in Vietnam at the request of the Ministry of Industry and Trade. Orders purchased on Temu are not cleared for customs to Vietnam.
Temu limits orders to no more than one million VND
Temu changed its policy for the Vietnamese market, only allowing customers to close each order from 900,000 to one million VND.
Ministry of Industry and Trade requires Temu and Shein to complete business registration procedures this November.
The Ministry of Industry and Trade has worked with representatives of cross-border e-commerce platforms Temu and Shein and requested that business registration procedures be completed this November.
How does Temu pay taxes in Vietnam?
Temu is considered a foreign contractor that must pay value added tax and corporate income tax on revenue generated in the Vietnamese market.
Temu has registered for tax in Vietnam.
The General Department of Taxation said Temu was registered for tax by its owner, Elementary Innovation Pte. Ltd, through the Foreign Supplier Portal.
Helpless or indifferent to the Temu phenomenon?
The e-commerce platform application Temu appeared, causing a 'storm' recently, once again requiring finding a solution to the problem of e-commerce management.
Inconveniences cause Temu and Shein to enter Vietnam without registration
Lack of strict monitoring mechanism, insufficient penalties for violations, and inappropriate tax policies are loopholes that allow Temu and Shein to enter Vietnam without registration.
Require Temu to comply with Vietnamese law
The Ministry of Industry and Trade directed Temu to comply with Vietnamese law, otherwise there will be solutions to block this platform.
Cheap goods and consumer junk
Platforms that encourage quantity over quality foster a culture of overconsumption, which is a major driver of the waste crisis and climate change.
See more
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