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.
The past four years have seen a busy journey for the e-commerce market in Southeast Asia and Vietnamese e-commerce growth rate ranked second, just behind Indonesia, in the region, according to Google and Temasek.
Vietnam’s e-commerce market is predicted to boom in the near future, given that 53 percent of the population uses the internet and nearly 54 million people use smartphones.
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.
The World Economic Forum (WEF) is partnering with leading technological entities including Google, Microsoft, Cisco and Lazada to launch a Digital ASEAN programme, aiming to develop digital skills among some 20 million ASEAN citizens by 2020 with an emphasis on SMEs.
The automatic multi-channel selling project PowerSell has won the first prize of the “Startup Viet 2018”, an annual programme selecting the best startups in Vietnam.
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.
Online shopping is expected to surge in the remaining months of this year with many e-commerce players launching promotions.
The reliance and need for logistics space was at an all-time high, driven by advancements in the e-commerce sector, according to real estate and investment management services firm Jones Lang Lasalle (JLL).
The country’s shift towards a globalised economy will be driven by the strength of its workforce, according to company Michael Page Vietnam specialising in search for professionals at middle management to leadership levels.
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.
The consumer-to-consumer (C2C) market in Vietnam will become a space for global tycoons following many recent investment deals with Vietnamese enterprises.
E-commerce and online shopping are forecast to become a key trend in the world, accounting for 25 percent of the global retail revenue, experts said, suggesting Vietnam promptly complete infrastructure system to boost the growth of trade.
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.
ASEAN and the RoK need to forge closer ties and cooperation in e-commerce as Chinese e-commerce giants are expanding their business in ASEAN through huge investments in companies, said Lee Hyuk, Secretary General of the ASEAN-Korea Centre.
Vietnam has surpassed Thailand and Malaysia to lead Southeast Asia in terms of e-commerce growth with an annual expansion of more than 30 percent, bringing big opportunities for logistics companies.
Logistics businesses are accelerating investment in technology to meet the rising demand for delivery of goods at home and abroad amid booming e-commerce, heard a workshop in Hanoi on April 10.
The e-commerce market has taken off in Vietnam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported.
