Vietnam’s e-commerce market is forecast to increase by 25% to 20 billion USD by the year’s end, according to a report on the Vietnam E-Business Index (EBI) 2023 conducted by the Vietnam E-commerce Association (Vecom).
E-commerce will remain the fastest growing and most stable economic sector this year, according to the Vietnam Online Business Forum 2023 in Hanoi on April 18.
Representatives from Vietnamese, Lao and Thai cities and provinces proposed cooperation measures at a forum in the Lao province of Champasak on April 10.
Vietnam’s e-commerce revenue in 2022 maintained an increase of about 15% compared to last year, according to the Vietnam E-commerce Association (Vecom).
Economists attending an October 31 seminar said the Vietnamese Government has created favourable mechanisms to facilitate businesses’ engagement in e-commerce, along with ideal legal infrastructure related to the sector.
To encourage Vietnamese consumers and businesses to apply digital payment, Visa, a world leading e-payment technology company, has expanded activities in response to the annual Cashless Day in Vietnam (June 16).
The Vietnam Online Business Forum (VOBF) 2022 was held by the Vietnam E-Commerce Association (VECOM) in Ho Chi Minh City on May 10, focusing discussions on e-commerce’s role in promoting post-pandemic economic development.
Many small and medium-sized enterprises (SMEs) plan to increase cross-border trade for their products via e-commerce platforms to promote exports in the context of the COVID-19 pandemic.
AI Hack Bootcamp 2021 – a programme that seeks AI solutions for e-commerce - was launched at a ceremony jointly held by the Saigon Hi-tech Park Incubation Centre and the Vietnam E-Commerce Association on October 1.
Though e-commerce channels are considered one of the best solutions to sell local products amid the pandemic, legal risks from the activities remain a concern.
Though there remains much room for growth, e-commerce still needs joint support from authorities, businesses, and people to develop healthily and sustainably, said a leader of the Vietnam E-Commerce Association (VECOM).
E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.
Retail University 2021, a series of activities to support small- and medium-sized retailers in promoting online sales, will be organised from April 7-9.
The Vietnam E-Commerce Association (VECOM) in partnership with Google and partners announced a series of Retail University activities to promote e-commerce for retailers this year.
The Digital Transformation Alliance for Small- and Medium-sized Enterprises (DTS) and the MCV Group signed a cooperation agreement on March 16 on supporting small- and medium-sized enterprises (SMEs) to promote digital transformation.
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).
Vietnamese logistics firms, especially small and medium-sized ones, need to get up to speed on digital transformation to enhance their competitiveness if they want to enter global markets after the pandemic ends, experts have said.
A draft regulation put forward by the State Bank of Vietnam (SBV) that would limit the foreign ownership rate in the payment intermediary service sector to 49 percent was discussed at a workshop in Hanoi on December 12.
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