Vietnam’s e-commerce market is forecast to climb 20 percent in the last quarter of this year to reach 12 billion USD by year end if the COVID-19 pandemic is brought under control.
The northern province of Vinh Phuc saw its Consumer Price Index (CPI) of the first eight months of this year rise by 4.76 percent year on year, which is the highest increase for the period for the past five years, according to the provincial Statistics Office.
Online shopping and electronic payments in Vietnam have become more common in recent years as more of the country's population gains access to the internet, and e-commerce in the 95 million-strong market is set to enter a rapid growth phase in the near future, according to industry experts.
The ASEAN Economic Ministers (AEM) and the US Trade Representative (USTR) Consultations took place virtually on August 27 as part of the 52nd meeting of the ASEAN Economic Ministers (AEM-52).
The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations on the sector.
The People’s Committees of Hanoi, HCM City and other big cities have been instructed to pilot higher standards and technical regulations for food safety.
The Vietnam Trade Promotion Agency has encouraged localities, businesses and trade promotion organisations develop online marketing measures during the novel coronavirus (COVID-19) pandemic, said agency director Vu Ba Phu.
Not only international visitors but domestic holidaymakers are using services of foreign online travel platforms. The fact forces some Vietnamese enterprises to "change blood."
Vietnam is the fastest-growing digital economy in the region, largely due to investment inflow which is still on an unprecedented rise, The Business Times has reported.
The Ministry of Industry and Trade (MoIT) on December 18 launched three websites to fight counterfeit goods and help consumers resolve e-commerce disputes.
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 in Vietnam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues.
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.
Thailand Post allocated 50 million THB (1.57 million USD) to enhance its air mail delivery system and launch a regulated postal authority that screens for unsafe and prohibited items at Suvarnabhumi airport.
Experts gathered at a forum in Hanoi on May 8, discussing measures to enhance tax management as e-commerce is enjoying strong growth amid the Fourth Industrial Revolution.
The Government should impose strict punishments on the trade of counterfeit goods on e-commerce platforms, participants said at a conference held in Hanoi on April 18.
Business
