Revenues posted by e-commerce platforms for January were up 30 percent year-on-year despite there being fewer promotions than in previous years, figures from the Ministry of Industry and Trade and the platforms reveal.
Revenues posted by e-commerce platforms for January were up 30 percent year-on-year despite there being fewer promotions than in previous years (Illustrative photo: businessinsider.com)
Hanoi (VNA) - Revenues posted by e-commerce platforms forJanuary were up 30 percent year-on-year despite there being fewer promotionsthan in previous years, figures from the Ministry of Industry and Trade (MoIT) and theplatforms reveal.
To bolster consumption during the pandemic, supermarkets and cafés haveoffered take-out and pushed ahead with online shopping via social networks likeFacebook and Zalo and their own websites.
Online customers of Co.opmart Ha Dong, for instance, were 20-25 percenthigher in number compared to January last year.
The Big C supermarket chain rolled out promotions for online shoppersand offered free delivery for purchases of 200,000 VND or more. Upon itslaunch, bookings via telephone surged 200 percent year-on-year.
VinMart also introduced an online shopping feature in its VinID app.
As of February 17, revenues of companies and retailers in Hanoi hadrisen 7-10 percent compared to the previous Lunar New Year (Tet) holiday,according to the city’s Department of Industry and Trade.
Online shopping turnover increased 20-25 percent and made up 5-7percent of sales. The number of customers using online payments also went up, byabout 15 percent compared to the same period last year.
Order numbers on some e-commerce platforms rose remarkably as Tetapproached. Tiki, in particular, recorded a year-on-year surge of 50 percent intransaction numbers in January.
Necessities such as rice, dried food, canned food, and powdered milkalso debuted on e-commerce platforms, a move that helps consumers avoid goingto crowded places.
For their part, retailers have stepped up telephone bookings anddelivery and boosted inventories by 30-40 percent compared to normal.
The expansion of e-commerce platforms is part of a scenario proposed bythe MoIT in response to the pandemic, saidDang Hoang Hai, Director General of the ministry’s Vietnam e-Commerce andDigital Economy Agency.
The ministry has also partnered with logistics and e-commerce platformsto hasten the shipment of orders to support consumers, he added./.
The General Department for Market Surveillance has shown determination in the fight against counterfeit goods and trade fraud products in e-commerce channels.
With the pandemic showing little signs of slowing and as countries around the world shift away from the traditional economy, Asia has an opportunity to consider building a more integrated digital economy and to promote digital trade and a common digital currency.
Farming households in the Cuu Long (Mekong) Delta need to apply high-tech practices to develop value-added agricultural products that can enter global value chains, Lê Minh Hoan, deputy minister of Agriculture and Rural Development, has said.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Revenues posted by e-commerce platforms for January were up 30 percent year-on-year despite there being fewer promotions than in previous years (Illustrative photo: businessinsider.com) 
