Vietnamplus

With a population of nearly 100 million and strength in cultivating spice plants, Vietnam has substantial potential for spice production, consumption and export.

Eighty-one percent of Vietnamese respondents considered online shopping to be integral to everyday life, according to a regional consumer study conducted by e-commerce platform Lazada in collaboration with Milieu Insight.

Online shopping will still be booming this year, even if the COVID-19 pandemic is over, experts have said.

The annual ASEAN Online Sale Day is being held from August 8 to 10, creating an avenue for retailers across various sectors to showcase their offerings and reach out to the larger regional market, China’s Xinhua reported.

Vietnam and Ho Chi Minh City in particular are considered to hold promise for retailers from home and abroad on the back of the large, young population and rising consumer price index amid the COVID-19 pandemic.

Thanh Ha lychees from the northern province of Hai Duong are now officially on sale on one of Vietnam’s leading online marketplaces, Lazada, according to the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade).

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.

Pham Thi Xuan Hong, owner of PinkShopGiayDep, was among six women from Southeast Asia to be honoured at the inaugural Lazada Forward Women Awards that recognise women trailblazers across the region in the e-commerce space who showcase resilience and innovation as entrepreneurs.

A signing ceremony of a memorandum of understanding on the launch of the first interface for Danish brands in Lazada, one of the modern e-commerce platforms in Vietnam, was held on November 19.

A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival.

The Ministry of Health on August 18 launched a mini game through its Lotus fan page, to raise public awareness about the COVID-19 pandemic.

Online shopping in the first quarter of this year has dropped compared to the same period last year, according to a research by iPrice Group.

Growing demand from e-commerce users is putting pressure on existing supply chains, facilities and warehouses.

Citi, the largest pan-regional credit issuer, and Lazada Group, Southeast Asia’s leading e-commerce platform, have announced the launch of a new Lazada Citi credit card in Vietnam.

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.

E-commerce is developing rapidly in Vietnam but it needs a new push to reach rural areas and help small- and medium-sized enterprises (SMEs) reach customers, experts have said.

A “Ben Tre coconut village day” programme will run on e-commerce platform lazada.vn on April 25 to bring the Mekong Delta province’s coconut products to a wider community of online consumers.

Online shopping is expected to surge in the remaining months of this year with many e-commerce players launching promotions.

Lazada Group announced on November 5 that it will assist the development of 8 million e-commerce entrepreneurs and small and medium-sized enterprises (SMEs) in Southeast Asia by 2030.

Many foreign giants have invested in Vietnam’s leading e-commerce platforms even as they incur big losses, as they continue to see the long-term potential of the country’s rapidly expanding online shopping sector.