Nowadays, with the development of society, of the technological revolution in which exchanging, buying and selling, finding out all information of goods and services is very easy with one “click” through websites providing e-commerce services created by merchants business in those goods and services. Update with development trends in business, exchange, purchase, and sale, supply of goods and services, foreign investors are tending to invest in creating e-commerce service websites, specialist is an E-commerce Trading Platform. Foreign investors who want to establish a company providing e-commerce trading platform services in Vietnam must satisfy investment conditions under Vietnamese law.
The e-commerce service means a commercial activity whereby an e-commerce service provider establishes an e-commerce website to provide an environment for other traders, organizations, and individuals to conduct the commercial promotion, sale of goods, or provision of services.
An e-commerce trading platform is an e-commerce website that allows traders, organizations, and individuals who are not website owners to conduct part or the whole process of buying and selling goods and services on it.
At the table of commitments when Vietnam joined the WTO, it did not commit to providing services for e-commerce trading platforms.
However, e-commerce services are commercial activities with conditions under the provisions of the Law on Investment 2014.
Business conditions for e-commerce trading platforms are detailed in Decree No. 52/2013/ND-CP and Decree No. 09/2018/ND-CP.
Foreign investors are allowed to establish companies providing e-commerce trading platforms with 100% foreign investment capital.
Foreign investors invest and business in online video game services can be carried out in the following forms:
After being granted an Investment Registration Certificate and an Enterprise Registration Certificate, a foreign investor business services who performs to be issued a business license in accordance with Decree No. 09/2018/ND-CP and register for establishing an e-commerce trading platform website according to the provisions of Decree No. 52/2013/ND-CP and relevant guiding and amendment documents.
Investors must satisfy the following conditions for granting an e-commerce service business license:
The investor must make a report explaining the above conditions and the business plan: Description of content and method of conducting business activities; present business and market development plans; demand on labor; assess the impact and socio-economic efficiency of the business plan; Financial plan: Report on business results on the basis of audited financial statements of the latest year in case it has been established in Vietnam for 01 year or more; explanation of capital, capital sources and capital mobilization plans; enclosed with financial documents;
Investors interested in registering to set up a website to provide an e-commerce trading platform can refer to our article related to the E-commerce trading platform.
Above are some conditions and attention that foreign investors establishing companies in providing services of e-commerce trading platforms need to pay attention to learn and implement.
Customers wishing to learn the laws and regulations related to the establishment of a foreign-invested company providing e-commerce trading floor services in Vietnam as well as issues related to foreign investment and enterprise in Vietnam, please contact Viet An Law Firm for more details!
