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Update news e-commerce
The tight supply of qualified candidates in the labour market is a glaring issue facing e-commerce firms, according to insiders.
Vietnam's B2C retail e-commerce revenue this year is estimated at US$16.4 billion, marking the first year to reach this landmark, reported the Vietnam E-Commerce White Book 2022.
Vietnam’s overall online retail sales hit US$13.7 billion in 2021, up US$1.9 billion over 2020, according to the Vietnam E-commerce White Book 2022 released by the Vietnam e-Commerce and Digital Economy Agency.
Hanoi has set a goal to train 2,000 companies and home business owners, civil servants and students in e-commerce skills this year.
With the explosion of online businesses, Vietnam's logistics and warehousing industry has many opportunities for development.
A boom in online shopping and increasing numbers of internet and smartphone users have contributed to the growth of e-commerce logistics in Asia-Pacific, including Viet Nam.
Nowadays online shopping becomes more popular than in-store shopping and more people have taken take full advantage of social networking platforms to put an ad on social network platforms about their products.
Foreign-invested e-commerce floors doing business in Vietnam must supplement their business licenses before January 1 next year if they have not provided enough according to regulations.
Industrial real estate has shown positive signs after the country began reopening international air routes. However, higher leasing fees are a concern.
The boom of e-commerce in the rental market space in commercial centres has forced developers to assert their distinct identities.
Vietnam express delivery services market was worth US$0.71 billion last year, and is projected to grow at 24.1 per cent a year to reach $4.88 billion by 2030.
Counterfeit products have been witnessing an upsurge recently as couterfeiters move online to hide behind the anonymity of the Internet.
Modern retail chains have been competing with traditional markets for 10 years. Despite powerful financial capability, they still have not been able to defeat traditional markets.
Vietnamese businesses have been enjoying breakthrough growth thanks to exportation through e-commerce exports.
Affected by the Covid-19 pandemic, many provinces in Vietnam have paid special attention to e-commerce and have developed their own e-commerce trading floors.
The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders.
Smuggled, counterfeit and low-quality products have begun to spread rapidly on e-commerce platforms as the absence of physical product touch in online shopping puts buyers at a disadvantage.
Vietnam’s e-commerce market has recorded strong growth over the years and is likely to bring in US$39 billion in value by 2025, according to data released by the German market research firm Statista.
Fintech and e-commerce accounted for 70 percent of total venture capital in the country last year, and this trend is predicted to continue in 2022.
Scanning a code to pay for products and services has become popular among consumers in Vietnam’s big cities. Under the impact of the Covid-19 pandemic, non-cash payments have been growing rapidly.