The e-commerce market has taken off in Viet Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players.
Viet Nam is one of the world''s fastest growing e-commerce countries, Lai Viet Anh, deputy director of Viet Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade, said.
Online Friday 2017, which is this Friday, is expected to achieve sales of VND1.5 trillion (US$220 million), event organiser Viet Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade said.
Online Friday 2017, the largest annual event for the e-commerce business and consumer communities in Viet Nam, will label 5,000 guaranteed products this year.
E-commerce will bring big opportunities for online exports as key
export markets of Viet Nam, including the US, Japan, South Korea and the
EU had high rates of Internet use.
The E-commerce and Information Technology Agency expected sales of the
national online shopping day tomorrow to triple and touch US$25 million
with around 1 million orders.
Firms are being urged to develop mobile websites, given the enormous
potential of mobile e-commerce in Viet Nam, speakers said at a
conference on Monday.
Business-to-customer (B2C) e-commerce in Viet Nam garnered a total
revenue of US$2.97 billion in 2014, accounting for 2.12 per cent of the
country''s gross retail sales of goods.
The Vietnamese market showed great potential for developing mobile
e-commerce in 2014, making local and international companies race for a
market share with several new business plans.
The Viet Nam E-commerce and Information Technology Agency last week
announced the winners of its competition for e-commerce websites in
various categories.
Vietnamese e-commerce sales are expected to hit more than US$4 billion
in 2015, thanks to growing internet users, reports the Viet Nam
E-commerce and Information Technology Agency (VECITA).