1. Is 100% foreign ownership allowed in Vietnam’s e-commerce sector?
Ans: Yes, in most cases, foreign investors can establish a wholly foreign-owned enterprise, subject to market access conditions and licensing approval.
2. Do foreign investors need a local representative in Vietnam?
Ans: If not establishing a local company, foreign e-commerce platforms may need to appoint an authorized representative or set up a representative office, depending on business activities.
3. What taxes apply to foreign-invested e-commerce companies?
Ans: Companies are generally subject to Corporate Income Tax (CIT), Value-Added Tax (VAT), and other applicable taxes based on revenue and business structure.
4. Are there minimum capital requirements for e-commerce businesses?
Ans: Vietnam does not impose a fixed statutory minimum capital for most e-commerce businesses, but authorities assess whether the declared capital is sufficient for the proposed operations.
5. What penalties apply for non-compliance with e-commerce regulations?
Ans: Penalties may include administrative fines, suspension of operations, website blocking, or revocation of business licenses, depending on the severity of violations.
