TikTok needs to correct violations in Vietnam: ministry
Short-form video hosting service TikTok needs to correct several violations it has committed in providing a transnational commercial platform in Vietnam, according to the Ministry of Information and Communications.
The information ministry has urged the Ministry of Industry and Trade to work with TikTok to fix the violations, which include not releasing information about owners of the TikTok Shop app, not storing sellers’ information properly, and insufficient monitoring and checking of product information on the platform.
Le Quang Tu Do, head of the Broadcasting and Electronic Information Authority under the Ministry of Information and Communications, announces violations committed by TikTok in Vietnam at a regular press conference in Hanoi, October 5, 2023. Photo courtesy of the ministry.
The information ministry wants TikTok to improve consumer protection and prevention of counterfeit goods. The platform should also provide information about sellers on the e-commerce platform in order to allow inspection and handling of violations related to tax and e-commerce activities.
TikTok should also prepare to remove products and services with violations within 24 hours of receiving such requests from authorities, ban or reject sellers committing violations, and take steps to prevent the sale of products that infringe intellectual property rights, said Le Quang Do, head of the Broadcasting and Electronic Information Authority under the ministry.
The Ministry of Industry and Trade was asked to help TikTok in completing the registration process, improve the platform’s capacity to handle conflicts related to TikTok Shop in Vietnam, punish TikTok for its violations and monitor the platform as it fixed its violations.
Regarding non-commercial violations by TikTok, the information ministry asked the Ministry of Labor, War Invalids and Social Affairs to take additional measures to protect children on cyberspace and monitor TikTok’s protection of kids from vices.
The Ministry of Culture, Sports and Tourism was asked to step up management of artists on TikTok and monitor the platform’s compliance with Vietnam’s copyright laws.
The Ministry of Public Security was asked to work with TikTok on storing data about Vietnamese users in Vietnam and monitor the platform’s deployment of the task.
Nguyen Lam Thanh, head of public policy for TikTok Vietnam, said the platform would cooperate with authorities in fixing the violations.
Tiktok Shop surpassed Lazada in Q2/2023 to become the second biggest e-commerce platform in Vietnam after Shopee, according to local e-commerce analyst Metric.vn.
The market share of Tiktok Shop, a new player that entered the market in April 2022, rose from 15.5% in Q1/2023 to 20% in Q2/2023, while that of Lazada fell from 19.1% to 16%. Shopee retained its leading position with a market share of 63.1%.
Overall, the e-commerce sector’s total revenue grew 46% year-on-year to VND92.75 trillion ($3.92 billion) in the first half of 2023. In the same period, 394,425 shops sold 907 million products, not including gifts and fake orders.
- Related News
- Read More
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7
'Precious space' in Vietnam's monetary policy
The Federal Reserve's continued cuts in 2025, with the most recent in September, are considered a valuable policy "space" for the State Bank of Vietnam (SBV) to maintain low interest rates to support growth without having to worry too much about exchange rates.
Economy - Mon, September 15, 2025 | 10:15 am GMT+7
Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS
The State Bank of Vietnam (SBV) intervened in the foreign exchange market by selling approximately $1.5 billion via 180-day cancelable forward contracts from August 25-26, in an effort to ease pressure on the Vietnamese dong, according to a recent report by MB Securities (MBS).
Banking - Mon, September 15, 2025 | 8:04 am GMT+7
Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026
A consortium of “tunnel king” Deo Ca Group and real estate developer Van Phu Invest has been assigned by the Hanoi People’s Committe to prepare an investment proposal for the VND300 trillion ($11.37 billion) Red River Boulevard & Landscape project.
Real Estate - Mon, September 15, 2025 | 7:55 am GMT+7
