The unprecedented volume of online orders at major grocers and supermarket chains in Ho Chi Minh City due to the public’s concern over COVID-19 has resulted in cancellations and long delays in delivery.
The rise of local retailers via mergers and acquisitions is expected to balance Vietnam’s retail market, which had been dominated by foreign investors.
Ho Chi Minh City is focusing on developing its infrastructure system serving e-commerce amid the rising trend in online shopping, according to the city’s Department of Industry and Trade.
Revenues posted by e-commerce platforms for January were up 30% year-on-year despite there being fewer promotions than in previous years, figures from the Ministry of Industry and Trade and the platforms reveal.
Modern and online shopping channels recorded strong growth last year and will continue to thrive this year, according to experts.
Despite a raft of difficulties facing Vietnam’s retail market, economists and insiders are still optimistic about the outlook for the sector in the time ahead, according to the Vietnam Report JSC.
E-commerce floors have pre-stocked goods and integrated new technology for online shopping activities.
The COVID-19 pandemic caused retail revenue to drop sharply in 2020, impacting the domestic retail property market, according to Savills Vietnam.
VOV.VN - The negative impact of the novel coronavirus (COVID-19) epidemic appears to have dampened the enthusiasm of consumers in Hanoi for this year’s Black Friday promotional sales.
Online shopping traffic in Vietnam so far this year rocketed over 150% against a year earlier, with daily visits to e-commerce sites growing to 3.5 million, Nguyen Ngoc Dung, Deputy Chairman of the Vietnam e-Commerce Association (VECOM), told a workshop recently.