Several e-commerce platforms announced to close or stopped operations in silence in the past months. Of which, the biggest closing is that the Vingroup announced its withdrawal from the direct retail sector to focus resources on the industrial and technological sectors. Accordingly, its Adayroi website would be merged into VinID by the end of December last year. Figures by iPrice showed that the website traffic of Adayroi reached 6-7 million hits per quarter, just behind other large e-commerce platforms, such as Shopee, Tiki, Lazada, and Sendo. Similarly, on December 25 last year, CEO of Lotte.vn sent notifications to suppliers and customers of Lotte.vn, saying that as of January 20 this year, the website would stop providing its services to customers. Suppliers and customers can continue to supply goods or trade with the Lotte Mart Head Office. Earlier, in March last year, fashion e-commerce platform Robin Online, formerly Zalora, also unexpectedly announced to halt all its … [Read more...] about E-commerce: a fierce race
E commerce growth rate
More is needed, however. Private pension funds, investment funds, and insurance companies all need to mature so there is a strong base of demand for corporate bonds. Meanwhile, the main public pension, the Social Insurance Agency, must first be able to prudently manage and second start to invest in corporate debt. Vietnam needs to establish a domestic credit rating agency, and the government should actively market this investment opportunity to leading international rating agencies. These steps will help the corporate bond market to evolve, eventually creating opportunities for project bonds, particularly if credit enhancement mechanisms are available for these instruments. … [Read more...] about Vietnam building bridges for greater economic growth and development
According to Fitch, while some companies such as Samsung are flying in inputs to circumvent the supply chain disruption from China, it believes that many companies, particularly small to medium-sized firms, are likely to struggle in their search for an alternative source of inputs at short notice. … [Read more...] about Việt Nam’s growth under pressure from global Covid-19 outbreak
The four-year programme will run until 2021. It aims to help the country register 1 million new formal private enterprises by 2020, increase the percentage of women-led enterprises, accelerate the growth in private sector employment, strengthen property rights, develop more competitive factor markets and improve enforcement of competition policy, facilitating Vietnam’s regional and international economic integration. … [Read more...] about Women-led businesses on the rise
Recent figures by the Vietnam E-commerce Association show that global OTAs such as Agoda.com, Booking.com, Traveloka.com, and Expedia.com are holding 80 per cent of the nation’s market share. A large proportion of international visitors use services provided by foreign OTAs. Many local visitors have also used services provided by foreign OTAs. … [Read more...] about An internet economy: a golden treasure trove?