Việt Nam's internet economy has developed strongly in the past, including growth of e-commerce in all fields of the socio-economy. Trần Văn Trọng, Chief of the Việt Nam E-Commerce Association’s Office, told to Vietnam News Agency about this issue. Trần Văn Trọng, Chief of the Việt Nam E-Commerce Association’s Office A recent joint study on Southeast Asia’s internet economy by 2025 of Google and Temasek Holdings, said value will reach US$33 billion by 2025. What are your thoughts about this figure and the potential of Việt Nam’s internet economic development? In Việt Nam, the internet economy and e-commerce are similar. Việt Nam’s e-commerce includes online retail, online travel, social media and motorbike and car booking services including fast food delivery. Many other fields are gradually participating in e-commerce market such as education and health care services. … [Read more...] about Việt Nam needs sustainable e-commerce development
E commerce trends
MOIT targets e commerce infrastructure development
(VEN) - While Vietnam has huge potential for e-commerce development, the country needs to improve its infrastructure rapidly in order to develop this industry. The Ministry of Industry and Trade (MOIT) is working on a draft decree to regulate e-commerce and address its current shortcomings. E-commerce support services must be facilitated Logistics, invoicing lag behind Dang Hoang Hai, Director of the Ministry of Industry and Trade’s Vietnam E-commerce and Digital Economy Agency (VECITA), said Vietnam’s e-commerce is rapidly growing, with transaction platforms increasingly diversified to include websites, social networking, and mobile phone and electronic devices. Ministry of Industry and Trade data show that about 46 percent of surveyed business have built and operated their own websites, and 13 percent joined e-commerce exchanges. The percentage of enterprises receiving orders and ordering products/services through websites increased 30 percent from … [Read more...] about MOIT targets e commerce infrastructure development
Complete infrastructure system crucial for e-commerce growth: experts
Illustrative image (Source: blog.paycorp.co.za) Hanoi (VNA) – E-commerce and online shopping are forecast to become a key trend in the world, accounting for 25 percent of the global retail revenue, experts said, suggesting Vietnam promptly complete infrastructure system to boost the growth of trade. According to the Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, a person spends an average of nearly 25 hours online every week, or over 3 hours per day. At the same time, nearly one third of Internet users conduct online shopping with expenditure of about 160 USD per person each year. It is estimated that in 2020, as many as 30 percent of the Vietnamese population will involve in online shopping with spending of 350 USD each per year. The most popular goods of online deals are garments, footwear (64 percent); books, music, stationeries (51 percent); cosmetics and personal caring products (40 percent), information technology and … [Read more...] about Complete infrastructure system crucial for e-commerce growth: experts
E-commerce set for strong 2018
Viet Nam News HCM CITY — The e-commerce market has taken off in Việt Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported. Việt Nam is one of the world’s fastest growing e-commerce countries, according to Lại Việt Anh, deputy director of Việt Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade. “The country’s e-commerce is growing 35 per cent per year, 2.5 times faster than Japan,” Anh said. The number of Vietnamese businesses capable of taking advantage of the internet and technology has grown 2.1 times faster than those with less use of the internet. Small- and medium-sized enterprises (SMEs) that spend more than 30 per cent of their budget on technological innovation are growing nine times faster than those spending less than 10 per cent of their budget. Việt Nam’s … [Read more...] about E-commerce set for strong 2018
E commerce boom in Vietnam’s future: experts
Vietnamese e-commerce has been exploding two decades after the internet first came to Viet Nam, said head of the Ministry of Industry and Trade’s Department of E-Commerce and Economy Dang Hoang Hai. Vietnamese e-commerce has been exploding two decades after the internet first came to Viet Nam, said head of the Ministry of Industry and Trade’s Department of E-Commerce and Economy Dang Hoang Hai. - Photo vov.vn The Viet Nam Online Business Forum (VOBF) 2018 opened in Ha Noi on Wednesday following last year’s success. Statistics showed that e-commerce has grown 25 per cent in the last year alone– among the world’s fastest growth rates. Hai hoped that the forum, with the participation of prestigious experts at home and abroad, would discuss new e-commerce trends, outstanding technologies and innovative business ideas. The E-Business Index released by the Viet Nam E-Commerce Association (VECOM) showed that online retail and marketing, tourism and payment … [Read more...] about E commerce boom in Vietnam’s future: experts