The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period.

VOV.VN - More than three tonnes of Bac Giang lychees have been exported to the EU via the local trading platform Voso and have since passed through customs clearance at Germany’s Frankfurt airport, according to the Department of E-Commerce and Digital Economy.

VOV.VN - Japanese business publication Nikkei Asia has published an article outlining how SK Group of the Republic of Korea (RoK) is striving to transform VinCommerce into another Amazon and is poised to bet big on the Vietnamese market of 100 million consumers.

VOV.VN - Though Euromonitor International estimates that although e-commerce made up just 3% of the Vietnamese retail market last year, the smallest figure among the major economies of Southeast Asia, the potential for growth remains alluring.

Despite the pandemic restrictions, the race to open more shops between coffee brands continues full steam ahead.

Vietnam’s capital city of Hanoi will strive to take the lead in e-commerce nationwide, considering it an important task in economic growth this year, Acting Director of the municipal Department of Industry and Trade Tran Thi Phuong Lan has said.

With borders closed and travel restricted since early 2020, cross-border e-commerce has proved itself as a game changer, setting the scene for Vietnamese traders to climb up the global supply chain and reducing risk of disruption caused by an unprecedented crisis like COVID-19.

Ways to facilitate Vietnam’s development of cross-border e-commerce were discussed at a workshop on exporting Vietnamese products to the world with Amazon on April 28 in Hanoi.

VOV.VN - Vietnam’s e-commerce growth rate is predicted to reach an average of 29% annually throughout the 2020 - 2025 period, with the local online market size anticipated to be US$52 billion in 2025.

VOV.VN - Several businesses based in Ho Chi Minh City are getting involved in international e-commerce platforms such as Amazon and Alibaba as a means of connecting with foreign customers and increasing their revenue, especially amid the complex nature of the COVID-19 pandemic.