Delegates visit a booth displaying products from an enterprise participating in the forum “Digital Transformation - Gateway to the Global Market” in HCM City Nguyen Thi Phuong Trang, business development director at Innovative Hub, the event’s organiser, said there is high demand for online sales of Vietnamese products and urged SMEs to place products on such platforms. In addition, SMEs face challenges in accessing online trading activities because many of the firms are still tiny scale. Steven Zheng, CEO of Hangzhou SOR Business Consulting Co. Ltd, said that SMEs need to change their way of thinking and made quality products for e-commerce, adding that overseas consumers are interested in Vietnamese products both online and offline. … [Read more...] about Vietnamese exporters urged to take advantage of e-commerce platform
E commerce
B2C e-commerce estimated to reach US$8.06 billion in 2018
Revenues of B2C Ecommerce of India, Australia, Indonesia, Thailand, the Philippines, and Viet Nam in 2018 The country's e-commerce revenue, including goods and services, accounted for 4.2% of the total retail sales of goods and services, up 1.4% from 2015. As the number of internet users picked up 6% to 60% in 2015-2018, consumers conducted in e-commerce transactions rose from 30.3 million to 39.9 million in the reviewed period, the Whitebook shows. The Whitebook also shows that 61% of clothes, footwear and cosmetics were bought online while online transactions for home appliances and food accounted for 46% and 34% respectively. The value of each online transaction worth above VND 5 million (over US$200) climbed to 35% in 2018 from 24% in 2017. The quality of service and price were the two most important factors for consumers to make online transaction decisions. The Whitebook also reveals that 64% of the respondents said they bought goods on international … [Read more...] about B2C e-commerce estimated to reach US$8.06 billion in 2018
E-commerce to help businesses boost exports: workshop
Illustrative image (Source: internet) Bui Thi Thanh An, deputy head of the Trade Promotion Agency of the Ministry of Industry and Trade, said the boom of the internet and electronic equipment has created huge opportunities for businesses to reach customers worldwide. … [Read more...] about E-commerce to help businesses boost exports: workshop
Vietnamese exporters urged to take advantage of e-commence platform
Delegates visit a booth displaying products from an enterprise participating in the forum “Digital Transformation - Gateway to the Global Market” in HCM City (Photo: VNA) HCM City (VNS/VNA) - Many small and medium-sized companies (SMEs) have little experience in e-commerce and lack information about the field, experts said at the recent “Digital Transformation - Gateway to the Global Market” forum in HCM City. Nguyen Thi Phuong Trang, business development director at Innovative Hub, the event’s organiser, said there is high demand for online sales of Vietnamese products and urged SMEs to place products on such platforms. One of the challenges facing SMEs in using e-commerce platforms for exports is the lack of quality human resources. Training staff in online store design, trading options, logistics, payment methods, and global online markets are all necessary, according to Trang. In addition, SMEs … [Read more...] about Vietnamese exporters urged to take advantage of e-commence platform
E-transaction market developed toward digital economy
Vietnam has a firm foundation for e-commerce. Vietnam is among the 78% countries that have e-transactions and 75% of countries that have cyber security laws. The country has more than 64 million internet users, 57% of the population have social network account, and 67% of internet users have conducted online transaction. The Vietnamese government pays special attention to taking advantage of the 4th Industrial Revolution and has implemented adopted policies to boost e-commerce. According to the National Electronics Authentication Center of the Ministry of Information and Communications, there are 12 centers licensed to provide digital signature authentication services and 1.1 million working digital certificates of authority. Ministries, sectors, and localities are now using more than 144,000 digital certificates. The Ministry of Information and Communication plans to boost digital signature authentication and ensure e-transaction security. Deputy Minister of Information and … [Read more...] about E-transaction market developed toward digital economy