Logistics businesses are accelerating investment in technology to meet the rising demand for delivery of goods at home and abroad (Photo: tapchitaichinh.vn) Hanoi (VNA) – Logistics businesses are accelerating investment in technology to meet the rising demand for delivery of goods at home and abroad amid booming e-commerce, heard a workshop in Hanoi on April 10. Tran Thanh Hai, deputy head of the Foreign Trade Agency under the Ministry of Industry and Trade, stressed that e-commerce will be the development trend in the future, to which logistics services are indispensable. E-commerce and logistics firms have established connectivity in recent time but the partnership faces many problems such as a lack of a law on e-logistics, regular changes of transport regulations, complicated administrative procedures, shortage of skilled and experienced human resources, and low application of technology in e-logistics, Hai noted. Vice Chairman of the Vietnam Logistics Association Dao … [Read more...] about Logistics firms endeavour to meet e-commerce demand
E commerce
Logistics sector struggling to meet demands of e-commerce
The e-commerce sector in Viet Nam has seen remarkable growth in recent years, but a lack of uniformity in delivery and payment methods may lead to many businesses missing opportunities.— Photo vnll.com.vn The e-commerce sector in Viet Nam has seen remarkable growth in recent years, but a lack of uniformity in delivery and payment methods may lead to many businesses missing opportunities. The Ministry of Industry and Trade organised a seminar on logistics and e-commerce in Ha Noi on Tuesday. The Viet Nam E-commerce Association (VECOM) said that growth in the country’s e-commerce sector was more than 25 per cent last year, and this growth could be maintained between 2018 and 2020. Shipping is considered the backbone of e-commerce, but the current logistics infrastructure in Viet Nam is struggling to keep up. A recent survey by Sendo JSC shows that more than 40 per cent of consumers respond on the speed of delivery, while the cost of delivery is high relative to the average … [Read more...] about Logistics sector struggling to meet demands of e-commerce
E-commerce expected to grow strongly in 2018
Photo for illustration (Source: thoibaonganhang.vn) Vietnam is one of the world’s fastest growing e-commerce countries, according to Lai Viet Anh, Deputy Director of Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade. The country’s e-commerce is growing 35 percent per year, 2.5 times faster than Japan, he said. The number of Vietnamese businesses capable of taking advantage of the internet and technology has grown 2.1 times faster than those with less use of the internet. Small- and medium-sized enterprises (SMEs) that spend more than 30 percent of their budget on technological innovation are growing nine times faster than those spending less than 10 percent of their budget. Vietnam’s e-commerce retail sales growth in the 2016-2020 period is estimated at 20 percent per year, and the country’s total retail e-commerce sales is expected to reach USD10 billion by 2020, Anh said. However, e-commerce has faced … [Read more...] about E-commerce expected to grow strongly in 2018
E-commerce set for strong 2018
Viet Nam News HCM CITY — The e-commerce market has taken off in Việt Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported. Việt Nam is one of the world’s fastest growing e-commerce countries, according to Lại Việt Anh, deputy director of Việt Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade. “The country’s e-commerce is growing 35 per cent per year, 2.5 times faster than Japan,” Anh said. The number of Vietnamese businesses capable of taking advantage of the internet and technology has grown 2.1 times faster than those with less use of the internet. Small- and medium-sized enterprises (SMEs) that spend more than 30 per cent of their budget on technological innovation are growing nine times faster than those spending less than 10 per cent of their budget. Việt Nam’s … [Read more...] about E-commerce set for strong 2018
E commerce platforms line up to fill Facebook’s boots
Online businesses may turn to other platforms to do business after Facebook blocked API, affecting many Vietnamese retailers using it as a trading platform. Facebook's blocking of API has forced online businesses to consider alternatives Facebook remains a large business channel for many Vietnamese young people. According to newswire Bloomberg, Joe Nguyen, senior vice president of ComScore (the world’s leading measurement system), said that a large number of Vietnamese people love using social networks for doing business, with the highest proportion in the world. This is one of the main reasons why Facebook is focusing on Vietnam. Speaking at the APEC CEO Summit 2017, Facebook’s chief operating officer (COO) Sheryl Sandberg said that 74 per cent of the Asia-Pacific’s small- and medium-enterprises use Facebook to increase sales and 70 per cent of small enterprises use Facebook to find new employees for their companies. These rates have become more reality … [Read more...] about E commerce platforms line up to fill Facebook’s boots