More Vietnamese use ride-hailing services: white book
The number of Vietnamese using ride-haling services has increased rapidly in recent years, signaling the potential for the development of the sharing economy in the country.
Ride hailing has become increasingly popular in Vietnam thanks to its convenience and attractive promotions. (Source: baodautu.vn)Hanoi (VNS/VNA) — The number of Vietnamese using ride-hailing services has increased rapidly in recent years, signaling the potential for the development of the sharing economy in the country.
According to the e-Commerce White Book which the Ministry of Industry and Trade published recently, the percentage of surveyed participants booking a ride via ride-haling platforms on their mobile devices rose to 83 percent in 2019 from 45 percent a year ago.
Respondents said that ride-haling services were fast, convenient and safe as drivers’ information was clear while there were a lot of promotions which made the fees reasonable.
The survey also found that a majority of Vietnamese had demand for participating in sharing economy business models.
Statistics showed 69 percent had demand for sharing or leasing their idle assets, up from 56 percent in 2018. In addition, 55 percent had demand for using or borrowing idle assets.
The percentage of respondents who said that did not know about sharing economy models fell from 20 percent in 2018 to 11 percent for those having demand for leasing and 18 percent for those having demand for borrowing underused assets.
The book also highlighted the rapid development of e-commerce in Vietnam.
The country’s business-to-consumer e-commerce revenue rose by 25 percent to 10.08 billion USD in 2019.
The number of online shoppers grew about 1.12 percent year-on-year to 44.8 million people last year from 39.9 million people in the previous year. Average spending for online shopping was 225 USD per person, 23 USD higher than in 2018.
The book provides readers with an overall picture of Vietnam’s e-commerce industry from legal environment, logistics infrastructure, payment to use of e-commerce among businesses, exporters and people.
Vietnam has set a target that the e-commerce industry would grow by 25 percent per year to 35 billion USD with more than half of the population shopping online by the end of 2025.
According to the e-Commerce White Book 2019, e-commerce revenue jumped 30 percent from 6.2 billion USD in 2017 to 8.06 billion USD in 2018.
The size of the local e-commerce market was expected to reach 13 billion USD this year./.
You should also see
Vuong Dinh Hue permitted to cease holding positions, working
The 13th Party Central Committee on April 26 agreed to let Vuong Dinh Hue cease holding the positions of Politburo member, member of the 13th Party Central Committee, and Chairman of the 15th National Assembly (NA) in the 2021 - 2026 tenure.
See more
Business
Long An, Japan's Okayama city explore cooperation opportunities
Leaders of Vietnam’s southern Long An province and Japan’s Okayama city engaged in a dialogue on April 26 to discuss cooperation between the two localities.
Business
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pook of both domestic and international investors for socio-economic development.
Business
Vietnam’s rice exports may exceed 2024 target
With positive results recorded so far, Vietnam can exceed its target of 7.6 million tonnes in rice export volume set for 2024, Nguyen Ngoc Nam, Chairman of the Vietnam Food Association, said at a conference in the Mekong Delta city of Can Tho on April 26.
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
