New Business

Temu, Shein halt Vietnam operations pending business registration

Popular budget-shopping platforms Temu and Shein have suspended operations in Vietnam, as they await approval from authorities to restart their local services.
The country’s Ministry of Industry and Trade ordered Temu, owned by Chinese e-commerce giant PDD Holdings, to halt its business after the platform failed to complete the required business registration process by the November 30 deadline, VietnamNet Global reported on Thursday.

“Temu submitted its registration documents but has not yet completed the process,” Hoang Ninh, deputy director of the Department of E-commerce and Digital Economy under the industry ministry, was quoted as saying. The official added that the firm could resume business activities after completing registration.

Temu said on Thursday it was working with authorities to register its e-commerce services and it had submitted all required documents. Customers were able to place orders on the platform as of Thursday.

Meanwhile, Shein has published a notice on its website saying that its shopping platform is temporarily unavailable in Vietnam, as it works with the Ministry of Industry and Trade to register its e-commerce services.

Shein did not immediately respond to a request for comment on Thursday.

Vietnam has asked Temu to suspend operations. Photo: Shutterstock
Vietnam has asked Temu to suspend operations. Photo: Shutterstock

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button