12:44 29/09/2021

New regulations issued for foreign investors bet88 kèo e-commerce

Phuong Hoa - Thu Hoàng

Government issues new Decree regulating foreign investment bet88 kèo Vietnam’s e-commerce sector.

Photo: Illustration
Photo: Illustration

A number of new regulations on foreign investment bet88 kèo the field of e-commerce are included bet88 kèo Decree No. 85/2021/ND-CP from the government.

Foreign traders and organizations with websites providing e-commerce services bet88 kèo Vietnam must have one of the following: e-commerce websites with Vietnamese domain names; e-commerce websites whose display language is Vietnamese; or e-commerce websites with over 100,000 transactions from Vietnam bet88 kèo a year.

Market access conditions include foreign investors investing bet88 kèo providing e-commerce services bet88 kèo Vietnam as prescribed bet88 kèo Clause 1 and Clause 2 of Article 21 of the Law on Investment.

Foreign investors controlling one or more enterprises bet88 kèo the group of five leading enterprises bet88 kèo Vietnam’s e-commerce market, according to a list released by the Ministry of Industry and Trade (MoIT), must have an appraisal on national security from the Ministry of Public Security (MPS). Investors who invest bet88 kèo innovative small and medium-sized enterprises (SMEs) bet88 kèo accordance with the law on supporting SMEs are not required to comply with the above provisions.

bet88 kèo order for a business license to be granted to foreign investors bet88 kèo the field of e-commerce, MoIT will first send a written request to MPS and then send a written reply to the license granting agency.