Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Temu suspended in Vietnam due to registration failure: report

Chinese ecommerce platform Temu has been ordered to stop operations in Vietnam following its failure to meet the Vietnamese government’s deadline for business registration, as reported by state media on Thursday.

The platform launched in Vietnam in October, which was given until the end of November to register with authorities to avoid restrictions on internet access.

The Vietnam News Agency, citing the Ministry of Industry and Trade, confirmed Temu’s failure to complete the registration resulted in a temporary suspension.

Details about the suspension’s duration and reinstatement conditions remain undisclosed.

As of Thursday, the Vietnamese language option was absent on Temu’s website when accessed within Vietnam. A notification indicates that Temu is working with local authorities on registration.

The Ministry of Industry and Trade has raised concerns over the impact of Chinese ecommerce platforms on local markets. Issues include aggressive discount strategies and the sale of counterfeit goods.

Recent legislative changes in Vietnam pose additional challenges for foreign ecommerce companies. These include mandatory VAT payments for local representatives and the removal of exemptions on low-priced imports.

Temu and its parent company, PDD Holdings, have not commented on the situation.

Recent Temu developments

Timeline
22-Nov-2024 🛒 Temu opens marketplace for US sellers
  • Temu opens marketplace to US sellers.
  • Seller application now takes about 10 minutes.
01-Nov-2024 🛒 Temu faces regulatory scrutiny in Vietnam ecommerce launch
  • Temu faces scrutiny from Vietnam regulators.
  • Seeks approval to operate after compliance issues.
20-Sep-2024 🌏 Temu’s price game not enough for Southeast Asia
  • Temu expands to 78 countries in 2 years.
  • Faces fierce competition and regulatory hurdles in SEA.

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.