Vietnamese e-commerce platforms’ revenues fell significantly in the third quarter of this year, while foreign platforms saw considerable expansion, according to a recent report by e-commerce data company Metric.
Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending.
Revenues from Vietnam's information technology (IT) sector in the first six months of 2022 were estimated at 72.5 billion USD, up 17.8% year on year, according to the Ministry of Information and Communications.
Even though the COVID-19 pandemic has been put under control in Vietnam, its negative impacts were still felt in many fields, including budget collection in Ho Chi Minh City.
More than 200 domestic and foreign businesses are expected to take part in an investment promotion seminar for the food processing industry in Ho Chi Minh City on November 14.
Ho Chi Minh City is diversifying tourism products and services to realise its goal of welcoming 8.5 million international tourists in 2019, a year-on-year rise of 14 percent.
Retail goods and services generated revenues of nearly 1.4 quadrillion VND (63 billion USD) in the first four months of 2018, a year-on-year rise of 9.85 percent.
The northern mountainous province of Lao Cai welcomed the first group of foreign tourists on February 16, the first day of the Lunar New Year (Tet) 2018.
The northeastern border province of Quang Ninh attracted more than 8.6 million tourists in the first ten months of 2017, including nearly 3.4 million foreigners, year-on-year jumps of 18 percent and 21 percent, respectively.
The Bibica Corporation, a leading confectionery firm in Vietnam, has set targets of 1.4 trillion VND (61.5 million USD) in revenues and 86.6 billion VND (3.8 million USD) in after-tax profits in 2017.
The Prime Minister has asked ministries and agencies to initiate drastic and effective measures to ensure a balance in the State budget amid decreasing revenues and rising expenditure.