Vietnam is on the cusp of an online export revolution, buoyed by supportive government policies and abundant production capacity, according to industry experts. However, a significant obstacle stands in the way: the lack of international brand recognition for many Vietnamese products.
Despite its very high growth rate, Vietnam’s e-commerce was actually growing unsustainably, said Nguyen Van Thanh, Director of the E-Commerce Development Centre under the Ministry of Industry and Trade’s Vietnam E-commerce and Digital Economy Agency.
Vietnam’s e-commerce is expected to reach 20.5 billion USD this year, affirming its important role in the national digital economy, heard a conference held by the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) in Hanoi on December 1.
Up to 500 brands, 3,000 businesses, e-marketplaces, and sale supporting platforms will take part in the Vietnam Online Shopping Day - Online Friday 2023 in early December.
Since the outbreak of the COVID-19 pandemic, the shift towards a digital economy and changing consumer shopping trends have contributed to boosting exports and goods consumption, helping the Vietnamese products reach distant markets, according to experts.
A webinar on e-commerce opportunities in Singapore and countries in the region for Vietnamese goods was held on July 21 by the Vietnam Trade Office in Singapore, the Ministry of Industry and Trade’s Department of Asia-Africa Markets and the Vietnam E-Commerce and Digital Economy Agency (iDEA).
The Centre of Information and Digital Technology of the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade is expected to launch a system to ensure transactions in e-commerce from now until the end of the year.
The internet economy of Vietnam posted the fastest growth in Southeast Asia, from 18 billion USD in 2021 to 23 billion USD in 2022, according to a recent report on regional economies.
Since its inception 15 years ago, the portal www.vietnamexport.com that connects more than 60 Vietnamese trade offices abroad with exporters at home has served as an effective information channel.
Vietnam’s e-commerce market will become the fastest-growing in Southeast Asia by 2026, head of Amazon Global Selling Vietnam Gijae Seong cited a recent report while addressing the launch of the Amazon Week in Hanoi on October 27.
The fast-growing e-commerce sector is making big money but its tax payments are not commensurate with its revenues, exposing the need for a better tax policy to prevent losses, according to insiders.
Vietnam's B2C retail e-commerce revenue this year is estimated at 16.4 billion USD, marking the first year to reach this landmark, reported the Vietnam E-Commerce White Book 2022.
Foreign-invested e-commerce floors doing business in Vietnam must supplement their business licenses before January 1 next year if they have not provided enough according to regulations.
Vietnam is gradually shifting to a digital economy in which cross-border trading is becoming the core factor, an official from the Ministry of Planning and Investment (MPI) told a webinar on e-commerce held on March 22.
The Fourth Industrial Revolution is taking place around the world with a boom in digital technology, creating great opportunities for but also challenges to the development of each country, enterprise, and person.
The Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade (MoIT) on November 26 announced an e-commerce week and the Vietnam Online Shopping Day – Online Friday 2021.
Member countries of the Association of Southeast Asian Nations (ASEAN) are preparing for the ASEAN Online Sale Day 2021, which is slated for August 8-10.
