Regional e-commerce ties - leverage for the growth of small and medium-sized businesses
- 148
- Digital
- 22:11 10/09/2023
DNHN - Regional connections on e-commerce platforms create favorable conditions for SME development, revenue growth, and production and business scale expansion.
Regional integration to foster the growth of the e-commerce market is a crucial aspect of constructing a larger and more sustainable e-market. E-commerce not only eliminates geographical and temporal limitations, but also enables businesses to reach customers with a variety of interests, behaviors, and habits.
Regional connections on e-commerce platforms create favorable conditions for SME development, revenue growth, and production and business scale expansion. This contributes to economic expansion.
In addition, regional integration in e-commerce offers consumers greater access to a variety of products and services, allowing them to make informed purchasing decisions. This also allows consumers to compare prices and quality, enabling them to make more informed purchasing choices.
In the past, when e-commerce had not yet been developed, consumers frequently had to shop at local brick-and-mortar stores, which made it difficult to find the desired product or service and resulted in higher prices. Transportation and distribution costs have increased the prices of both goods and services.
Regional links in e-commerce enable consumers to access more products from businesses in a variety of regions via digital platforms. Additionally, it facilitates price and quality comparisons.
Regional linkages combined with e-commerce promote sustainable economic development by maximizing the use of intra- and inter-regional resources. It helps reduce negative environmental impacts by lowering transportation and storage costs, thereby conserving resources for businesses and the economy as a whole.
To successfully create a larger e-commerce market through regional integration, relevant businesses and organizations must work closely together. Businesses need to actively participate in association activities, and improve competitiveness and innovation to meet market needs. Relevant organizations must assist businesses in networking and exchanging resources and knowledge.
Regional connections in e-commerce not only generate business opportunities but also provide substantial advantages to consumers and the environment. This is a crucial step in the development of a digital and sustainable economy.
P.V (t/h)
Related news
- Long An - Jeju Cooperation: Enhancing Local Friendship Ties
- Ministry of Finance: Corporate bond maturity volume in 2024 will decrease compared to last year
- Long An continues to push for Korean investment - Promoting comprehensive development collaboration
- Sunwah Group signed strategic partnership with Binh Duong province, Emphasising the strategic cooperative partnership between China and Vietnam
- National Assembly Chairman Vuong Dinh Hue received and worked with the Chairman of Sunwah Group (Hong Kong-China)
- Dr Vu Tien Loc: Unlocking the real estate market to boost the economy is a crucial solution
- Ba Ria - Vung Tau: 4 key areas of industry, seaports, tourism and high-quality services planned to attract investment
- Financial solutions for the global supply chain in Vietnam
- Viettel ranks second in global telecoms brand index
- Vietnam’s steel imports are estimated to exceed US$4 billion by the end of the first quarter of 2024
- Acting President Vo Thi Anh Xuan meets a delegation of the Vietnam Young Entrepreneurs Association
- State-owned enterprises to play a leading role in the economy
- Ensuring power supply - a key factor for FDI enterprises to invest in Vietnam
- South Korea to approve projects supporting Vietnam’s agricultural development
- Thanh Hoa Business Association: Seminar and Business Networking in Trieu Son District
- Binh Thanh Business Association organised March’s “Business Start-up and Management” Coffee Talk
- Vietnamese businesses dominate market share in Japan
- Important seafood industry groups exported to Australia
- Prime Minister encourages Australian companies to make investments in fresh growth drivers in Vietnam
- Foreign E-commerce businesses pay over 2,000 billion VND in tax in the first two months of the year
Đọc thêm Digital
Vietnam’s e-commerce market to grow by an average of 25% per year
Vietnam’s e-commerce market is growing rapidly, driven by increasing internet and mobile penetration.
Focus on solutions to change the current state of online advertising
This was also the main content at the conference on online advertising on March 26 in Hanoi. Accordingly, businesses and advertising agencies have agreed to expand the “White List” to change the current state of advertising in the future.
BIDV Open API leads the Open Banking trend
Since its launch on November 29, 2023, almost 4 months ago, nearly 60 partners have experienced the BIDV Open API system (with over 17,000 tests in the sandbox environment) and registered to integrate with BIDV after the experience.
Cashless payments reign supreme in Vietnam
Vietnamese people are carrying less cash in their wallets as QR code payments explode alongside the growth of e-wallets. According to a Visa survey, 62% of respondents use QR code payments.
Shark Binh’s Venture Fund Seeks E-Commerce Startups
The move is an effort to boost the market amid what has been called a “startup winter” in 2023.
Hoa Binh: Digital transformation benefits people and enterprises effectively
Hoa Binh province has stepped up the application and development of IT in the operations of agencies and organisations, effectively serving the needs of people and businesses, and contributing to the promotion of socio-economic development.
Foreign E-commerce businesses pay over 2,000 billion VND in tax in the first two months of the year
In the first two months of this year, the total tax paid by foreign suppliers was 2,030 billion VND. This includes contributions from leading global technology companies such as Meta (Facebook), Microsoft, Google, Apple, TikTok, etc.
Lao Cai steps up the provision and use of online public services
According to the plan, in 2024, Lao Cai province will implement a series of solutions to promote the use of online public services.
Ao Dai Market Records Nearly VND42 Billion in Total Revenue from E-commerce Platforms
According to Metric data, the top 10 ao dai brands with the highest revenue accounted for 10.98% of the total revenue in the market, while the remaining brands accounted for 89.02%.
The Ministry of Industry and Trade Forecasts Revenue of Vietnam’s Top 5 E-commerce Platforms
The Ministry of Industry and Trade’s forecast indicates an optimistic 2024 as online consumption becomes a common habit. This will continue to drive revenue on online retail platforms, posing new challenges and opportunities for businesses operating.