E-commerce paving the way for businesses in new normal
- 108
- Digital
- 17:25 24/03/2022
DNHN - Vietnam is gradually shifting to a digital economy in which cross-border trading is becoming the core factor, an official from the Ministry of Planning and Investment (MPI) told a webinar on e-commerce held on March 22.
Vietnam is gradually shifting to a digital economy in which cross-border trading is becoming the core factor, an official from the Ministry of Planning and Investment (MPI) told a webinar on e-commerce held on March 22.
Nguyen Duc Trung, Deputy Director of the MPI’s Enterprise Development Agency, said e-commerce increased 18 percent in 2020, making Vietnam the only Southeast Asian nation to record a double-digit growth rate in this regard.
Le Thi Ha, head of the policy division at the Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, held that despite numerous challenges caused by the COVID-19 pandemic, enterprises that apply digital transformation still have their own opportunities.
She cited a survey conducted from January 2018 to September 2021 in 47 countries as showing that the rate of online spending in total global spending rose sharply, especially during the pandemic’s peak, by 14.9 percent, compared to 10.3 percent in 2019, before the pandemic broke out.
Vu Thi Thu, Chief Commercial Officer for the Hanoi region of e-commerce platform Tiki, recommended that instead of hesitating, enterprises should operate on multiple e-commerce platforms and optimise each platform’s advantages.
The firms newly present on those platforms should grasp thorough understanding of their rivals, analyse the market, develop long-term strategies, and then devise marketing plans and pay attention to customer service, she noted, adding that the platforms also need to assist businesses to gain a foothold and develop.
Presenting conditions and skills for engaging in cross-border e-commerce, Trinh Khac Toan, Director for the northern region of Amazon Global Selling Vietnam, recommended firms have specialised personnel and strategies while understanding regulations in their target markets, especially international ones.
Compared to 2020, the numbers of Vietnam’s small- and medium-sized enterprises (SMEs) with revenue of 100,000 USD and 500,000 USD on Amazon last year increased 18 percent and 53 percent, respectively. The number of products sold by Vietnamese SMEs grew 34 percent.
Acording to en.vietnamplus.vn
Related news
#SMEs
Removing the bottleneck of capital shortage for small and medium-sized enterprises
“Although the economy shows signs of recovery, operations still face many challenges, with uneven recovery across sectors in terms of orders, legal barriers, and difficulties in accessing capital to maintain and expand production and business."
Opportunities and challenges for Vietnamese SMEs in the context of international integration
The challenges and opportunities for Vietnamese small and medium-sized enterprises (SMEs) in the context of international integration are increasing, requiring sensitivity and creativity.
Enhancing knowledge for Vietnamese Small and Medium Enterprises
On June 11 in Hanoi, a Memorandum of Understanding was signed to launch the online training project “Enhancing Knowledge for Vietnamese SMEs" between the Ministry of Planning and Investment and the Vietnam Association of Small and Medium Enterprises.
CEO Lê Nguyên Hòa – LHLEGAL Law Firm honored to present opinions to General Secretary Tô Lâm
On the afternoon of August 22, at the Presidential Palace, Lawyer Lê Nguyên Hòa – Executive Director of LHLEGAL Law Firm, along with the delegation of the VINASME, had the honor to meet with General Secretary and President Tô Lâm.
The Vietnam Association of Small and Medium Enterprises honors an audience with the General Secretary and President Tô Lâm
On the afternoon of August 22, the VINASME will have the honor of meeting with the General Secretary and President Tô Lâm to report on the results of their activities. This significant event is organized by the Business and Integration Magazine.
Banks told to rollout low-interest businesses loans
Commercial banks were told to launch a 40 trillion VND support package with a 2 percent yearly rate cut for businesses in a meeting with the State Bank of Vietnam (SBV) last week.
Đọc thêm Digital
AI applications driving sustainable Tourism in Khanh Hoa
On September 7th in Nha Trang City, the Nha Trang - Khanh Hoa Tourism Association, in collaboration with EduX Global Institute and TMA Technology Group, organized a seminar titled "AI and Digital Transformation Solutions for Khanh Hoa Tourism."
Ho Chi Minh City allocated funding to support small and medium enterprises in digital transformation
Ho Chi Minh City will provide support to small and medium enterprises (SMEs), cooperatives, and business households that meet the criteria as per regulations, with solutions and funding for digital transformation.
Safety in the era of artificial intelligence boom
On September 5, 2024, the "Safety in the Era of Artificial Intelligence Boom" seminar, organized by the Southern Digital Communications Association (SVDCA) and Cafeso Club, attracted numerous businesses and leading experts in artificial intelligence.
Launch of the MEMETOON project - an online comic service built on blockchain technology
This project aims to apply blockchain technology in practice to protect authors' copyrights and the future of graphic design and character creation.
State Bank of Vietnam warned of phishing attacks disguised as official emails
On August 23, the State Bank of Vietnam (SBV) issued a warning about a recent phishing scam where fraudulent individuals impersonate the SBV by sending fake emails to lure recipients into clicking on malicious links.
Vietnamese users pay special attention to security when using OTT applications
But the trend of using OTT applications among Vietnamese people also requires certain conditions, with evidence showing that not all software can succeed in the Vietnamese market.
FPT's strategic expansion in Japan
FPT currently has a large customer network in Japan, including many leading corporations such as KDDI, Itochu, Panasonic ITS, and Microsoft Japan.
Jeff Dean's vision: From multimodal excellence to ethical AI
According to a study on Vietnam's digital economy by Google, it is forecasted that by 2030, the annual economic impact value of digital technology in Vietnam could reach 1,733 trillion VND (equivalent to 74 billion USD).
Oppo surpassed Samsung for the first time to lead Vietnam's smartphone market share
Recently, Oppo has gradually established itself not only as a popular brand but also as a formidable competitor to major names.
Lazada reached a new milestone
Lazada is currently headquartered in Singapore and operates in 6 Southeast Asian countries, aiming to reach 300 million customers by 2030.