The Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) and e-commerce platform Sendo.vn are helping businesses to sell farm produce online and promote digital transformation and the application of technology in trade activities.
The average transaction volume across five major e-commerce platforms in Vietnam, including Shopee, TikTok Shop, Lazada, Tiki, and Sendo, reaches 25.3 trillion VND, equivalent to 1 billion USD, per month.
Vietnam’s e-commerce is projected to continue booming in 2023 and developing firmly in the following years, aided by a series of growth drivers such as the wave of digital transformation, consumers’ trust, technological infrastructure, and favourable mechanisms and policies issued by the Government.
Agricultural specialties of some provinces are being sold on the e-commerce platform Sendo, marking the first time cooperatives and farmers have directly put their produce on sale in the digital environment.
The engagement of Vietnamese e-commerce platforms in the consumption of farm produce, particularly lychees, is a sustainable move not only amid the COVID-19 pandemic but also for the future.
Lychees grown in the northern province of Bac Giang, which is being hit hard by the COVID-19 pandemic, will be put up for sale on major e-commerce platforms in the next three and four days.
Good signals have been seen in the sale of Thanh Ha “Thieu” lychee in the northern province of Hai Duong on e-commerce platforms, according to the provincial Department of Agriculture and Rural Development.
The Ministry of Finance has asked digital-based businesses and delivery service companies to provide information about e-commerce sellers using their platforms and services so they can be taxed.
The year-end online shopping frenzy has kicked off with giant local and foreign players like Lazada, Tiki, Sendo, and Shopee rolling out promotions since the middle of last month.
More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their business activities while ensuring cost savings.