Vietnam’s e-commerce market will maintain its solid growth trajectory this year, analysts said at a ceremony announcing Vietnam’s E-Business Index within the framework of the Vietnam Online Business Forum on April 20.
Hanoi (VNA) - Vietnam’s e-commerce market will maintain its solidgrowth trajectory this year, analysts said at a ceremony announcing Vietnam’sE-Business Index within the framework of the Vietnam Online Business Forum onApril 20.
Speaking at the event, a representative from the Vietnam E-CommerceAssociation (VECOM) said enterprises have become more dynamic and graduallyadapted to e-commerce. The growing number of online consumers has resulted in growthin retail, ride-hailing, food delivery, online payments, training, andmarketing.
Nguyen Binh Minh, member of the VECOM executive committee, said e-commerceis growing primarily in Hanoi and Ho Chi Minh City, and consumers are spending more onluxury and high-value goods or saving to buy necessities.
Trinh Khac Toan from Amazon Global Selling Vietnam said e-commerce isdeveloping strongly, with growth of 22 percent recorded over the last fiveyears, which is expected to exceed 20 percent in 2021 alone.
Experts said the E-business Index in 2021 was based on three criteria: humanresources and infrastructure in information technology, e-commerce transactionsbetween businesses and consumers, and between among businesses.
Notably, HCM City still led the index with 67.6 points, ahead of Hanoiwith 55.7 points and Da Nang 19.
The southern province of Dong Nai rose to fifth place, behind BinhDuong, with 11.14 points. The northern port city of Hai Phong moved down to sixthplace from third.
During the 2016-2020 period, the e-commerce gap between Hanoi and Ho ChiMinh City and other localities remained virtually unchanged.
Experts forecast that online businesses will grow 29 percent during the2021-2025 period, and Vietnam’s digital economy is expected to reach 52 billionUSD by 2025.
𒀰 Figures from VECOM show that Vietnam’s e-commerce market increased 16percent last year to over 14 billion USD. Of this, online retail grew 46percent, ride-hailing and food delivery 34 percent, and online marketing andgames 18 percent. Online tourism, meanwhile, fell 28 percent./.
HCM City is gearing up to develop e-commerce infrastructure and make e-commerce an economic spearhead contributing to its economic growth, the municipal Department of Industry and Trade has said.
The Embassy of Vietnam in Venezuela and Colombia recently held a webinar on promoting cooperation in trade, investment and tourism between Vietnam and Colombia.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
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