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June 2024: Vietnam

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  • Vietnam: Gov’t moves to boost use of VN domain in bid to stimulate industry growth locally and boost overseas presence in digital fields / full item

“The Vietnam Internet Network Information Center (VNNIC) reports that after 30 years, Vietnam boasts over 610,000 domain names with the ‘.vn’ suffix. This positions the country as second in ASEAN, tenth in the Asia-Pacific region, and 40th globally. However, only 25% of Vietnamese businesses have registered to use the ‘.vn’ domain name, significantly lower than the 70% seen in developed countries.”

  • Vietnam: Finance committee recommends imposition of new tax on imports of low-value goods sold by e-commerce sites / full item

“Statistics from state-run Vietnam Posts and Telecommunications Group, better known as VNPT, indicated that in March 2023, some four or five million orders were transported from China to Vietnam every day on average. Each order was valued at VND100,000 ($3.9) – VND300,000 ($11.7).”

  • Vietnam’s SeABank and Visa boost partnership with new agreement on developing digital payments and services / full item

“This cooperation aims to facilitate SeABank’s delivery of the best solutions, improvement of data capacity and expertise to open up new opportunities for advancements, thereby accelerating SeABank’s payment services development strategy.”

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