Vietnam E-commerce Law To Take Effect July 1st, Justice Ministry Pushes For Strict Conditions

A policy referred to as 'Rule 8' is expected to help open Vietnam's domestic market, encouraging producers to invest more in local production and increase competition. Tran Hieu Linh, Director of the Department of Management, stated that Rule 8 aims to further open the domestic market, encourage producers to increase investment, and boost competition to strengthen Vietnamese brands. Government Resolution 88 said continuing to promote activities for Vietnamese people to prioritize using Vietnamese products. Government Resolution 88 continues to promote Vietnamese people prioritizing Vietnamese products, an activity launched in 2009. Domestic consumption in Vietnam accounted for 55-60% of GDP, reaching approximately 700 billion RMB (269 billion USD) last year, a 9.2% increase. Domestic consumption accounted for approximately 55% of Vietnam's GDP in the first half of 2020-2025. The government aims for domestic sales to account for 10-15% of the market and plans national promotional activities, including monthly product exhibitions in commercial centers, industrial zones, and residential areas. Vietnam's Resolution 88 said promoting Vietnamese products, with consumption accounting for 55% of GDP in H1 2020-2025. Vietnam aims to ensure economic policy coordination and create a favorable environment to enhance confidence in business production, operation, and public consumption. Vietnam's e-commerce law will take effect on July 1st, with the Ministry of Justice urgently pushing for government decisions on e-commerce management to set strict conditions for market development.