Hanoi (VNA) –Vietnam has seen a rise in mobile e-commerce, also known as m-commerce, aneffective channel for retailing in the digital era.
By January 2017,Vietnam was home to almost 47.2 million mobile internet users, half of thecountry’s population, according to the report “Vietnam Digital Landscape 2017”by We Are Social. Some 39 percent of the population have purchased products orservices online, of them 29 percent have placed at least one online order via amobile device.
The total value ofthe country’s e-commerce market was estimated at about 1.8 billion USD in 2016,the report said.
The 2017 Vietname-Business Index by the Vietnam e-Commerce Association (VECOM) shows that the internethas been a great tool for local enterprises in cross-border trade. They cancommunicate with overseas partners via the internet and can access onlinepublic services, for example, e-customs and e-certificate of origin.
It also found that 45percent of domestic enterprises own a website but only 19 percent of thewebsites are compatible with mobile devices, down from 26 percent in 2015.
To succeed, domesticfirms must catch up with mobile e-commerce trends to maintain a competitiveedge over the others, said VECOM Vice President Nguyen Ngoc Dung at the VietnamMobile Day last weekend.
Dung suggested thatselecting a suitable domain name should be the first step in building areliable online presence for a business as a domain name is not simply anaddress on the internet but is closely attached to the enterprise’s operationsand branding.
A mobile-friendlywebsite will draw more customers to the brand name and improve itscompetitiveness, he added.
For those who wishto reach out to the global markets, the domain name “.com” indicatescredibility thanks to its popularity and stability over the past 18 years, saidExecutive Director of Mat Bao Corporation Huynh Ngoc Duy at the event.
Sharing this view,Nguyen Tu Hong Quan, Director of the Nhan Hoa software company, noted that manyinternational companies, including those listed in the Fortune 500, use “.com”for their website, aiming to reach new customers outside their regions.-VNA
Mobile electronic commerce or m-commerce is soon set to take off in Vietnam thanks to the increasing number of mobile phones and rapid internet development, experts have predicted.
Vietnam’s potential for e-commerce development in the retail sector could achieve a 10-billion USD revenue by 2020, accounting for half the country’s total retail sales.
Electronic commerce in Vietnam has been growing at an average 22 percent a year, following the world trend of combining traditional and online sale, heard a conference on new trends of e-commerce.
An upcoming G2B (Government to Business) conference will target creating favourable conditions for business growth, not merely on solving existing problems facing enterprises, a senior official has said.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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.
Illustrative image. (Photo: Internet) 
