More than 10 Vietnamese enterprises are showcasing their products at the 41st India International Trade Fair (IITF), the biggest of its kind in South Asia, which began in New Delhi on November 14.
Vietnam's B2C retail e-commerce revenue this year is estimated at 16.4 billion USD, marking the first year to reach this landmark, reported the Vietnam E-Commerce White Book 2022.
The growth in the e-commerce market, B2C deliveries and international trade services is expected to drive express delivery services in Vietnam, experts said.
Online B2C transactions to Europe will be subject to value added tax (VAT) from July 1, the Vietnam Trade Office in Belgium and European Union (EU) has said.
With borders closed and travel restricted since early 2020, cross-border e-commerce has proved itself as a game changer, setting the scene for Vietnamese traders to climb up the global supply chain and reducing risk of disruption caused by an unprecedented crisis like COVID-19.
Since its launch a decade ago, the “Vietnamese people prioritise Vietnamese goods” campaign has gained significant achievements. Local producers have improved their product quality.
JD.com, China’s largest retailer, has gained another foothold in Southeast Asia with its strategic investment in Tiki, Vietnam’s leading B2C e-commerce platform.
After five years of implementation of the General Plan to Develop Electronic Commerce 2011-15, e-commerce has contributed greatly to the country's socio-economic growth.
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