Firms should speed up the digital transformation as an effective solution to expand exports in the context of rising cross-border e-commerce, according to the Ministry of Industry and Trade.
Australian logistics real estate group LOGOS has announced the establishment of its first Vietnam venture with a global institutional investor for the development of modern, high-quality logistics facilities across the key markets of Ho Chi Minh City, Hanoi and Da Nang.
Nearly 45 million Vietnamese people now access online shopping, a forum on domestic consumption trends on August 20 in Hanoi heard.
Vietnam exported US$323.3 million worth of shrimp to the US in the first half of this year, up 29% year-on-year, statistics show.
VOV.VN - The northern mountainous province of Son La said it has just exported 30 tonnes of locally-grown longans to China, one of its farm produce consumers, opening the door for this kind of fruit to penetrate the huge lucrative market.
The ASEAN Online Sale Day (AOSD), an initiative of Vietnam within ASEAN’s cooperative framework, is to take place on e-commerce platforms on August 8, the Vietnam e-Commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade has announced.
As the pandemic brings opportunities to the e-commerce sector, the local logistics industry also has a chance to grow.
Inventory has become a common concern of domestic enterprises due to the impact of the COVID-19 pandemic.
VOV.VN - Last month, the Vietnamese government approved a master plan on national e-commerce development through 2025. The plan is part of efforts to promote the digital economy whose advantages are tapped to boost competitiveness and productivity, and expand the market and exports.
Visa, the world’s leader in digital payments, recently published the Consumer Payment Attitudes 2019 study, showing a marked drop in cash usage in Vietnam as consumers embrace new ways to pay.
Despite the impact of the COVID-19 pandemic, the retail market in Vietnam in the first quarter of this year still recorded positive results from e-commerce, online shopping and delivery services.
The COVID-19 pandemic has caused a serious effect to the economy, but it has helped accelerate the race for banks to go digital.
VOV.VN - It is estimated that approximately 55% of the country’s population will shop online by 2025, with the average citizen spending US$600 per year in line with the Government's goals.
While the COVID-19 epidemic has basically been controlled in Vietnam and business activities have resumed, the retail space market in Hanoi is gloomy with rentals down from 20-30 %.
While many workers in several industries in Ho Chi Minh City lost jobs in the first quarter amid the COVID-19 pandemic, recruitment demand in other fields rose.
VOV.VN - In recent years, craft villages in Ho Chi Minh City have introduced their products on online trading platforms. This has helped the villages trade efficiently and assert their brand value.
Recently, the online distribution channel of most supermarkets has posted fairly good growth as consumers have been avoiding going outside due to the Covid-19 outbreak.
The size of Vietnamese e-commerce market is likely to hit 13 billion USD this year thanks to a large percentage of young residents and internet subscribers, according to insiders.
Vietnam is planning to launch a VND136 billion (US$5.8 million) trade promotion programme in 2020, focusing on expanding key markets and enabling Vietnamese firms to join global value chains.