Three Solutions to Manage E-commerce of Imports, Exports

Three important solutions will be launched on management of e-commerce activities for imports and exports in the coming time according to the Prime Minister’s Decision 431/QD-TTg approving the project on management of export and import e-commerce.

The first solution is to perfect the legal framework for export and import e-commerce.

The second is to build a database for export and import e-commerce.

The third is to build policies on e-commerce transaction management and build electronic payment and guarantee mechanisms for e-commerce transactions in cross-border trading.

To carry out the above solutions, the Prime Minister has assigned the Ministry of Finance to elaborate a decree, to be submitted to the Government for promulgation in the fourth quarter of 2020, on customs management of imports and exports traded via e-commerce platforms to carry out solutions to complete the legal foundation.

The ministry has been assigned to build and complete a customs management system for imports and exports traded via e-commerce from 2020 to 2022.

At the same time, the ministry will integrate and assess the effectiveness of the management of export and import e-commerce from 2020 to 2025, and propose management of export and import e-commerce in the following period. The ministry is responsible for sending a report on this to the Government in the first quarter of 2026.

Ministries and branches assigned to manage licensing, conditions and specialized inspection relating to exports and imports will review the list of exports and imports subject to their work to include them into the list of goods exempted from licensing, conditions and specialized inspection when traded via e-commerce platforms. The Ministry of Finance will send this content to the Government in the second quarter of 2020 to add into the new decree to this effect.

Source: Vietnam Business Forum