Vietnam's Licensing Deadline for Shein and Temu
Vietnam's government has announced that it will block the internet domains and apps of Chinese online retailers Shein and Temu if they do not register their operations with the Ministry of Industry and Trade by the end of November. This decision comes amid growing concerns about the impact of Chinese e-commerce platforms on the local market.
Concerns Over Market Impact
The government’s move is driven by concerns over the competitive effects of these platforms, particularly regarding their heavy discounting practices and the perceived quality of the products they sell. Shein, a fast-fashion retailer, has been operating in Vietnam for some time, while Temu, owned by PDD Holdings, began offering its services to Vietnamese consumers just last month.
Action by the Ministry of Industry and Trade
Vietnamese Deputy Trade Minister Nguyen Hoang Long stated that the ministry had been in discussions with both platforms regarding the need for proper licensing. If Shein and Temu fail to comply with these requirements, the ministry plans to implement technical measures, including blocking their apps and domains. Long emphasized that the Ministry of Industry and Trade would work with other agencies to enforce these actions.
Conclusion
Vietnam’s move is a clear attempt to regulate foreign online platforms and protect its domestic market from potential disruption caused by unlicensed e-commerce activities. Both Shein and Temu now face a strict deadline to meet licensing requirements or face significant penalties.
For further reading, you can check out the following sources:


Denso Cuts Profit Forecast Amid U.S. Tariffs and Rising Costs
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
Instagram Outage Disrupts Thousands of U.S. Users
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 



