Nearly 45 million Vietnamese people now access online shopping, a forum on domestic consumption trends on August 20 in Hanoi heard.
Retailers are focusing on online shopping as more and more consumers are seeking to avoid public places amid the new COVID-19 outbreak.
Consumer habits have changed greatly during the COVID-19 pandemic, opening up opportunities for businesses that can capitalise on the changes, a recent survey has found.
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 %.
Consumer spending in Vietnam’s fast-moving consumer goods (FMCG) sector hit double-digit growth in the first quarter of 2020, which is attributable to the abnormal spike over the first eight weeks of the novel coronavirus pandemic in the country.
The e-commerce market in Ho Chi Minh City has developed significantly, with total online spending growth up by more than 12% annually since 2015, according to the municipal Department of Industry and Trade’s report on e-commerce development.
Online shopping in the first quarter of this year has dropped compared to the same period last year, according to a research by iPrice Group.
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.
Despite an abundance of new options to buy groceries online, Vietnamese consumers still overwhelmingly prefer to shop in stores, the Vietnamese High Quality Product Business Association said on February 14.
Vietnamese e-commerce platforms Tiki, Thegioididong and Sendo were named among ten most visited sites in Southeast Asia by price comparison website iPrice Group.
Online shopping is expected to surge in the remaining months of this year with many e-commerce players launching promotions.
2018 is considered a golden time for e-commerce in Vietnam as a majority of consumers have become familiar to online shopping.
Data leaks from global brands like Adidas, F21, and Sears show that online shopping is not really secure for consumers.
Gaining the trust of customers is still a challenge to the development of the e-commerce industry, despite its huge potential.
The Republic of Korea’s largest convenient store chain, GS Retail, opened its first store, GS25 Vietnam, in Ho Chi Minh City in January this year, after shaking hands with SonKim, a leading retailer of lingerie and underwear in Vietnam, to launch a joint venture franchise in the country.
Many office workers don't have time to shop at the already overcrowded supermarkets.
Online shopping has increased significantly in Vietnam, especially by young consumers, according to the High Quality Vietnamese Product Business Association.
While online shopping platforms extend themselves to ensure they have adequate infrastructure to meet rising demand by Vietnamese consumers, they are still failing to satisfy when it comes to shipping, which is mostly done by third parties.
VOV.VN - The retail industry has changed dramatically in the digital age where everything is connected, requiring retailers to continue to innovate to better serve customers’ diverse needs, speakers have said at a one-day summit held in Ho Chi Minh City.