Vietnam’s potential for e-commerce development in the retail sector could achieve a 10-billion USD revenue by 2020, accounting for half the country’s total retail sales.
The e-commerce market is expected to surge in the next five years, according to the Ministry of Industry and Trade, which has set an online sales target of 10 bln USD or 5 pct of total retail sales.
Small and medium-sized enterprises (SMEs) are encouraged to promote brand building and e-commerce development to enhance competitiveness at a recent workshop on e-commerce in southern Can Tho City.
The Vietnam Online Marketing Forum was held in Hanoi on August 26 with the purpose of fostering the development of the market, boosting e-commerce and helping businesses optimise this channel.
About 3,000 businesses will offer their best products and services at lower prices on the Online Friday 2016, the year’s biggest e-commerce event held on the first Friday of December.
Online marketing in Vietnam is entering a period of rapid development, but this development continues to face obstacles, including consumer confidence, payments and online marketing.
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.
TRAFFIC and Intelligentmedia on July 6 launched the second phase of their “Chi” or “Strength of Will” initiative to continue with the mission to instill a zero-tolerance towards rhino horn consumption
The HCM City administration has instructed relevant departments to take targeted measures to help local retailers strengthen their competitiveness and retain market share.
The business-to-consumer (B2C) e-commerce sales in Vietnam reached 4.07 billion USD last year, increasing 37 percent compared to that of the previous year.
Foreign tech giants are set to jump into the mobile payments market on both the paying and receiving sides of the transaction, thus posing a threat to local commercial banks payment market share.
According to the Vietnam E-Commerce and Information Technology Agency, though the country's e-commerce market has seen significant growth, the habit of using cash remains overwhelmingly popular.
The Vietnam e-Business Index (EBI) 2015 report has revealed great disparity in e-commerce development among localities, particularly in big cities including Ho Chi Minh and Hanoi.
Vietnam has great potential for electronic commerce as it ranks in the world’s top 20 countries for internet users and first in Asia in internet user growth rate with over 30 percent of its population
The online shopping spree on December 4 at the website onlinefriday.vn with more than 63,500 products on sales has drawn the great interest of consumers.
Business
