Chinese language e-commerce platform Temu isn’t registered in Vietnam however nonetheless permits native customers to buy on it.
We have now requested the Vietnam e-Commerce and Digital Financial system Company about it and the latter confirmed the information Wednesday.
The legislation requires cross-border e-commerce platforms to register within the nation if it has a Vietnamese area, makes use of Vietnamese as a show language or has over 100,000 transactions a yr in Vietnam.
Temu began permitting customers in Vietnam to buy final month, and Vietnamese is among the many 4 languages it provides them.
The company is learning the impression of Temu on the native market, particularly its low cost coverage, to forestall sale of counterfeits, Deputy Minister of Trade and Commerce Nguyen Sinh Nhat Tan informed reporters not too long ago.
Temu, owned by Chinese language e-commerce large PDD Holdings, launched the U.S. in September 2022 and is now current in 82 international locations and territories, in keeping with Singapore-based consultancy Momentum Works.
It recorded gross merchandise worth of US$20 billion within the first half of this yr, up from $18 billion of final yr’s complete, it added.
Indonesia earlier this month banned the platform to forestall an inflow of low cost Chinese language items.
Different international locations have made strikes to restrict the platform to guard their small and medium-sized companies.
