VOV.VN - The application of new technologies - artificial intelligence, big data, cloud computing and Internet of Things - is taking place across the globe.
The Vietnam E-Pavilion on e-commerce platforms was rolled out by the Ministry of Industry and Trade (MoIT)’s E-Commerce and Digital Economy Department in Ho Chi Minh City on December 2.
Sendo, Vietnam’s second-most visited online market place, has secured $61 million in the latest Series C funding round.
To dominate the cross-border e-commerce market, Amazon has set up a representative company in Vietnam, while Alibaba has organized a series of workshops.
The Ministry of Industry and Trade (MoIT) is building infrastructure for the national digital transformation process, focusing on smart manufacturing and smart energy, to develop the digital economy. Head of the MoIT’s E-Commerce and Digital Economy Department Dang Hoang Hai speaks with Vietnam News Agency about the ministry’s action plan in this area.
Despite non-stop spending, Lazada remains overwhelmed by local platforms Sendo and Mobile World, in addition to other players Shopee and Tiki.
VOV.VN - Vietnam is regarded as one of the fastest growing e-commerce markets in Southeast Asia, said Dang Hoang Hai, Director of the E-commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade at a workshop in Hanoi on October 18.
Despite the robust development of e-commerce, traditional trade channels have maintained their domination in Vietnam as they satisfy shopping habits of local consumers.
Under the influence of the fourth industrial revolution, the local retail sector is changing quickly and following four main trends, heard attendees at a recent seminar in Hanoi.
Vietnam’s internet economy is booming, as it reaches for US$12 billion in 2019 on a 38% annualized growth rate since 2015, and projected to increase to US$43 billion by 2025.
Hai Duong should focus on developing telecom and IT infrastructure to serve the development of e-Government, e-commerce and digital economy, Minister of Information and Communications Nguyen Manh Hung said on October 1.
As online commerce has boomed, agencies fear that it will be difficult to prevent banned goods, goods restricted for import and export, and origin fraud.
Lotus, the newly launched ‘made in Vietnam’ social network, aims to focus on distributing content for press agencies and entertainment content producers.
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.
E-commerce platform Tiki’s losses have wiped out a total of VND506 billion ($22 million) gaming firm VNG had invested in it.
Fifty-five percent of Vietnamese online shoppers choose social networks over e-commerce platforms to buy fashion products, a new survey has found.
Vietnamese authorities are struggling to deal with online sales of fake and contraband products, with several tricks used to avoid detection.
E-commerce allows small- and medium-sized enterprises to close the gap between them and large enterprises thanks to the equal and flexible competitiveness of the digital business environment, said a local official of Ben Tre province.
Each e-commerce platform needs to spend millions of US dollars to gain a single per cent of market share from competitors, showing just how serious the competition is.
Tiki is pouring money into warehousing and Lazada is live-streaming videos on social media as competition intensifies in Vietnam’s e-commerce market.