Online shopping traffic in Vietnam so far this year rocketed over 150 percent against a year earlier, with daily visits to e-commerce sites growing to 3.5 million, Nguyen Ngoc Dung, Deputy Chairman of the Vietnam e-Commerce Association (VECOM), told a workshop on November 10.
Vietnam’s e-Commerce growth reached 32 percent last year and averaged about 30 percent annually since 2016, according to a report by the Vietnam e-Commerce Association (VECOM).
The Vietnam Tourism Association (VITA) in conjunction with the Vietnam E-Commerce Association (VECOM) on September 30 organised an online forum on digital transformation to promote Vietnam's tourism development in the context of global COVID-19 outbreak.
Amid the spread and complicated development of the COVID-19 pandemic, e-commerce and digital economy are considered an important lifesaver for businesses to boost exports and expand trade with partners.
A shift to digital platforms is considered an effective means for businesses to expand export markets as Vietnam integrates more deeply into the global economy, Deputy Minister of Industry and Trade Cao Quoc Hung has said.
Domestic wood processing enterprises are urged to use more online commercial channels to find new markets and customers, especially during the COVID-19 epidemic.
Vietnam’s e-commerce industry has seen booming, at an annual average growth of about 30 – 35 percent, in recent years but incompatible development of logistics, payment and support services may lead t
E-commerce allows small- and medium-sized enterprises to close the gap between them and large enterprises thanks to the equal and flexible competitiveness of the digital business environment, said a local official of Ben Tre province.
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.
The first Vietnam International Port, Infrastructure and Logistics Exhibition & Conference (VIPILEC 2019) opened in Ho Chi Minh City on June 12 with the participation of 100 exhibitors from 15 countries and territories.
Nguyen Thi Kim Truyen from Ben Tre province’s Chau Thanh district, who has been making coconut oil for decades, has started selling her product online.
Vietnam's interbank e-payment system handled 37 million transactions worth nearly 21 quadrillion VND (898.4 billion USD) in the first quarter of the year, up 23 percent and 17.8 percent respectively compared to 2018, according to the State Bank of Vietnam (SBV).
Online import and export activities of small- and medium-sized enterprises (SMEs) are expected to develop further due to the low number of them currently embracing e-commerce, according to experts.
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.
State management bodies need to consider the market in terms of the development of new technologies and business methods, rather than using administrative procedures to intervene in the operation of auto transport businesses, said Director of the Central Institute for Economic Management (CIEM) Nguyen Dinh Cung.
The Vietnam E-commerce Association (VECOM) and the Bangkok-based Reed Tradex Co. Ltd, an exhibition organiser, have agreed to cooperate in promoting specialised workshops and events to introduce technological solutions and platforms for Vietnam’s retail and consumer sector.
Hanoi has been one of the two leading localities in e-commerce for the past five years, but the trend has posed considerable risks in database, technology, transaction procedures, legal regulations and technology standards.
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