E-commerce promoting post-pandemic economic recovery: Experts

The Vietnam Online Business Forum (VOBF) 2022 was held by the Vietnam E-Commerce Association (VECOM) in Ho Chi Minh City on May 10, focusing discussions on e-commerce’s role in promoting post-pandemic economic development.
E-commerce promoting post-pandemic economic recovery: Experts ảnh 1Illustrative image (Source: businessinsider.com)
HCM City (VNA) – The Vietnam Online Business Forum (VOBF)2022 was held by the Vietnam E-Commerce Association (VECOM) in Ho Chi Minh Cityon May 10, focusing discussions on e-commerce’s role in promoting post-pandemiceconomic development.

VECOM Chairman Nguyen Ngoc Dung said that along with lookinginto signs of global recovery, the resumption of global connections, motivationand future technology of e-commerce, participants provided information on new andoutstanding technological solutions and trends, market potential, and newpopulations and regulations.

The impact of the COVID-19pandemic has fueled the growth of e-commerce in many countries, includingVietnam, said Dung, adding that in the first quarter of 2022, Vietnam saw goodsigns of GDP growth, which is expected to continue in the time to come.
Meanwhile, Nguyen Tan Vuong, Director of Retail Measurement Services at NielsenVietnam, said that decisive factors promoting online shopping is good price,promotion and delivery time. Alongside, comments from users and the prestige ofthe trademark also among the factors affecting consumers’ shopping decision, headded.

He advised e-commerce platforms to thoroughly understand customers’ demands andtrends and held that omni-channel shopping will still dominate the retailmarket and businesses need to continue to improve their competitiveness tooptimise the customer's shopping journey to ensure convenience, selectivity andinteraction.

E-commerce promoting post-pandemic economic recovery: Experts ảnh 2The Vietnam Online Business Forum (VOBF) 2022 opened on May 10. (Photo: Organising Board)
Pham Thi Quynh Trang, trade director of Lazada Vietnam, saidthat e-commerce is one of the channels that help businesses speed up digitaltransformation and develop business operation in the current situation.

Some experts held that high market potentialwill help e-commerce continue to expand and contribute to post-pandemiceconomic recovery. Meanwhile, the number of enterprises investing in digitaltransformation, e-commerce and online business is rising, they noted.

According to a global e-commerce report in the first half of2022 by Metric.vn, Vietnam has become the second largest e-commerce market inSoutheast Asia, only after Indonesia.  Itpointed out that products with the price of 200,000 VND (8.71 USD)-5 millionVND (217.83 USD) are the easiest to be sold on e-commerce platforms, while consumerstend to buy products with higher values and long-term warranty directly atshops and showrooms./.
VNA

See more

Illustrative image (Photo: VNA)

Ministry responds to escalating global trade tensions

Amidst the complicated developments in the global market, the MoIT has directed foreign market departments and Vietnam’s trade offices abroad to closely monitor market trends, as well as economic, political, and policy changes in the region and the world that could impact trade with Vietnam.

The Vietnamese online shopping and food delivery sector used about 160,000 cardboard boxes and 171,000 tonnes of plastic, mainly single-use plastic, in 2024. (Photo: vneconomy.vn)

Ministry proposes developing green e-commerce law

The MoIT's draft proposal to develop the Law on E-commerce will be included in the National Assembly's law and ordinance development programme in 2025 and will be presented to the NA for consideration and comments in October 2025, before being approved at a NA meeting in May 2026.

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.