Foreign e-commerce firms accept losses in Vietnam Business

Foreign e-commerce firms accept losses in Vietnam

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.
Online Friday event takes place Business

Online Friday event takes place

Big Day, the online summer shopping promotion of 2018, has started at 0:00 and last until 24:00 on June 1, the Ministry of Industry and Trade said. ​
Vietnam’s e-commerce market booming Business

Vietnam’s e-commerce market booming

Vietnam is one of the world’s fastest growing e-commerce countries, said Lai Viet Anh, deputy director of Vietnam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade.
Cashback for Online Friday Business

Cashback for Online Friday

As many as 18 banks and credit organisations agreed to implement a cashback policy to customers joining in Online Friday 2016 on December 2.
IT revenues grow 7 times higher Business

IT revenues grow 7 times higher

The Vietnamese IT industry has seen rapid development from 2010 to 2015, bringing revenue of 7.6 billion USD in 2010 to 49.5 billion USD in 2015, or seven times as much as 2010.
MOIT issues warning on virtual currencies Business

MOIT issues warning on virtual currencies

The industry and trade ministry’s E-commerce and Information Technology Agency (VECITA) has warned consumers and investors to be cautious while purchasing virtual currencies on e-commerce websites.