As the Internet develops better and better, many people are beginning to think about changing careers to make huge profits, and cross-border e-commerce has become a very popular profession. Therefore, this article will introduce the strategies for opening a local TikTok store in Vietnam.
1. The platform now has two store opening models: cross-border stores and local stores.
1. The platform commission is zero.
2. Local store products are more competitive, and local buyers trust the products of local stores.
3. Transporting products in batches to overseas warehouses has greater overall efficiency and cost advantages.
4. The cost and timeliness of batch foreign exchange settlement for local collections are more controllable.
2. To enter a local store in Vietnam, you need to prepare the following information.
Enterprise seller: Vietnamese local company’s main business license; Vietnamese mobile phone number or international email account; Vietnamese bank card.
Individual sellers: Vietnamese ID card; Vietnamese bank card; Vietnamese local mobile phone number/international email address.
3. Store opening expenses.
In order to motivate sellers, local stores in Vietnam will continue to implement the policies of several previous Southeast Asian websites, providing sellers with free transaction commissions, and sellers must pay a 3% commission. Now when doing cross-border trade, for the sake of safety, you need to use third-party institutions to assist you in cross-border remittances, settlements, etc. The steps are as follows.
1. Register.
Select a site and register a new account using a local Vietnamese phone number or international email.
2. Fill in the store information.
Click “Upload File”. Store information includes personal information or company information. Company information is also divided into enterprise and self-employed. Enterprise stores enjoy more permissions, and it is recommended for enterprises to open stores. To open a local store in Vietnam, you need to provide local Vietnamese personal information or corporate information. Providing domestic information is invalid.
3. Improve the information.
You need a local number and warehouse address. After filling in the tax number, uploading the product and binding the payment (local bank card), you can submit it for review. After passing it, you can start selling.
The above article introduces to you the guide to opening a local TikTok store in Vietnam. If you are interested in this platform, you can take a closer look at the details of this article. It is not easy to open a store now, and the corresponding conditions that need to be met are also very strict. Sellers who want to join the platform must pay special attention.