Vietnamplus

As information technology booms, investment into e-commerce will be key to businesses’ growth, held experts.

About 30,000 e-commerce stores were taken down in the first nine months of this year due to trade fraud, counterfeit and contraband goods, and the scale of the problem is looking daunting.

Vietnam’s export revenue racked up a 4 percent year-on-year increase during January – September to 202.4 billion USD in the context that the COVID-19 pandemic has weighed on the international trade, according to the Ministry of Industry and Trade (MoIT).

Vietnam’s B2C e-commerce revenue rose by 25 percent to 10.08 billion USD in 2019, according to the e-Commerce White Book 2020 released by the Ministry of Industry and Trade (MoIT)’s e-Commerce and Digital Economy Agency (iDEA).

A workshop will take place in Hanoi on July 30 to discuss cross-border e-commerce with Amazon and opportunities for exports, according to Deputy Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan.

The ASEAN Online Sale Day (AOSD), an initiative of Vietnam within ASEAN’s cooperative framework, is to take place on e-commerce platforms on August 8, the Vietnam e-Commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade has announced.

The Ministry of Industry and Trade (MoIT) has made all of its 292 public administrative services online, 166 of which are level-3 and -4 services while the remainders are level-2, according to the ministry’s Vietnam e-Commerce and Digital Economy Agency.

The digital platform economy has been contributing to creating a favourable business environment, especially platforms for the provision of IT services.

The logistics sector is forecast to continue growing strongly this year, with expansion in both retail and e-commerce channels.

Minister of Industry and Trade Tran Tuan Anh has asked agencies and organisations in all localities to strengthen the fight against corruption and trade fraud.

The country’s biggest online shopping event, Online Friday, will return on December 6 with the participation of a large number of Vietnamese businesses and brands on various e-commerce platforms.

Many small and medium-sized companies (SMEs) have little experience in e-commerce and lack information about the field, experts said at the recent “Digital Transformation - Gateway to the Global Market” forum in HCM City.

The Vietnam Online Marketing Forum (VOMF) 2019 took place in Hanoi on August 14 under the themed “Personalised Experience”.

The Ministry of Industry and Trade plans to enhance the application of e-commerce with the aim of narrowing the digital divide, an official said at the Vietnam Online Business Forum 2019 held in Hanoi on March 26.

The size of Vietnam’s online business market grew by over 30 percent to about 7.8 billion USD in 2018, compared to only 4 billion USD in 2015, according to an official of the Ministry of Industry and Trade.

The APEC workshop on harnessing digital trade for small and medium-sized enterprises (SMEs) is underway in Hanoi, aiming to realise one of Vietnam’s initiatives during APEC Year 2017 on facilitating trans-border e-commerce.

The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing.

Online Friday 2018 officially kicked off on December 7, with 5,000 products at promotional prices of 0 VND or with prices reduced by 80 to 90 percent, according to event organiser the Vietnam E-commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade.

Renowned brands like Samsung, Oppo, LG, Jetstar, Vinamilk, Mattana, Canifa, and Uma, among others, will offer their products at a substantial discount during the fifth Online Friday scheduled for December 7.

The Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade on August 8 launched the ERP Store solution with the aim of helping businesses reach the goal of a paperless office.