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Business Overview and Performance Corporate Governance Financial Statements Enclosure

to obtain the license to sell alcohol, for example, 6.1 Notification of Commercial Websites to
requirements on warehousing, food safety, trade systems, the Ministry of Industry and Trade
and contracts with business partners. A license to sell
alcohol is valid for five years. It can be renewed. If traders, organizations or persons give information
on their promotion and their sale of products/services
5.4 Promotion on their solely-owned websites, they must notify
the Ministry of Industry and Trade via its E-commerce
Promotion is a part of trade/commerce development Management Portal.
and under both the Law on Trade and Commerce
and Decree 81/2018/ND-CP, which was issued by 6.2 Registration of Commercial Website with
the Vietnamese government on 22 May 2018. Promotion the Ministry of Industry and Trade
plans must be registered or reported to authorities.
Promotion plans involving prizes requires registration Any commercial website created for any of the following
with and permission from the provincial department activities shall have to be registered with the Ministry
of industry and trade/the Ministry of Industry and of Industry and Trade: (1) E-spaces where other traders,
Trade prior to implementations. Relevant authorities organizations and persons can fully or partially sell
must also be notified of other promotion plans. their products/services; (2) Promotion for the sale of
products/services of other traders, organizations, and
5.5 Supermarkets persons; and (3) E-auction websites where other traders,
organizations and persons can also organize auctions.
Supermarkets and shopping malls are categorized based
on criteria laid down by Decision 1371/2004/QD-BTM of 7. Food Industry in Vietnam

the Commerce Ministry (previously known as the Ministry
of Industry and Trade). Such businesses must undergo 7.1 Regulations on Food and Applicable Authorities
inspections by the applicable Department of Industry
and Trade too. In addition, supermarkets and shopping Before 1 July 2011, Vietnam did not have a comprehensive
malls must comply with local commerce/trade network food law. It had several overlapping laws and regulations
development plans. Supermarkets and shopping malls that prescribed legal requirements on food safety, hygiene,
must also prepare their own internal rules and register product quality and standards. Dated 26 July 2003,
them with provincial Department of Industry and Trade. Ordinance No. 12/2003/PL-UBTVQH11 governed food
safety and hygiene. However, from 1 July 2011 onward,
6. E-commerce the said ordinance was replaced by Law No. 55/2010/
QH12 on Food Safety dated 1 July 2011 (“Law on Food
An enterprise invested by foreigners must obtain a trade Safety”). Under the new law, requirements become stricter
license to operate e-commerce. In addition, the Vietnamese for events affecting public interests. Also, the Law on
government passed Decree No. 52/2013/ND-CP on Food Safety lays down guideline on food safety during
16 May 2013 to lay down regulations on the development, production and trade, food label, food advertising,
use and management of e-commerce (“Decree 52”). remedial guideline for cases related to food safety,
Decree 52 applies to all traders, organizations, and food-safety risk analyses, and state responsibility
persons engaged in e-commerce. The said traders, for food safety management (including other relevant
organizations and persons shall have to notify and/or topics) too. Food products in Vietnam are under
register themselves with the Ministry of Industry and the supervision of several ministries such as the Ministry
Trade so as to legally operate e-commerce. of Public Health, the Ministry of Agriculture and Rural
Development, the Ministry of Science and Technology,
the Ministry of Industry and Trade, and the Ministry of
Natural Resources and Environment. The Ministry
of Public Health is the key agency in promulgating
general requirements on food safety and hygiene,
including food packaging. The Ministry of Agriculture

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