Internet and e-commerce is a good environment for small- and medium-sized enterprises thanks to its advantages in low transaction cost, equal playground, extensive market, and reduced operation expense, as heard at a seminar on e-commerce in Hanoi on July 28.
According to Nguyen Dinh Chuc, head of the Institute for Regional Sustainable Development under the Academy of Social Sciences, e-commerce helps enterprises access international market and information more easily, reducing intermediary services and risk, and covering a wider range of customers.
Between 2012 and 2013, Vietnam’s internet and telecommunications enjoyed a rapid growth with an annual rise of 11 percent in the number of computers.
The number of internet users rose by 12.5 percent per year to reach 33.2 million, while the number of 3G service subscribers hit 17.2 million, he noted.
Chuc held that e-commerce also helps raise added value and provides fresh business ideas to enterprises, citing that 87 percent of surveyed firms said they search for information in websites run by State agencies, 48 percent said they have used online public services, and 33 percent seek biding information in State agencies’ websites. As many as 83 percent of surveyed businesses said they find online public services useful for their operation, he said.
However, he asserted that e-commerce service cost remains high, accounting for about 20 percent of enterprises’ revenues, coupled with challenges in trademark protection.
Meanwhile, the management of e-commerce faces many difficult as it is new to the country, while trust in online advertised🌌 products’ quality stays low and legal environment and socio-economic infrastructure remains insufficient. That is why e-commerce accounts for only 0.3 pe꧒rcent of total retail revenue despite the high rate of 92 percent of internet users surf the net every day, he explained.-VNA
Vietnamese companies, especially small and medium-sized enterprises, need to use e-commerce more to strengthen their competitiveness in foreign trade, Le Dang Doanh, an economist and former member of the Government Advisory Council, has said.
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.
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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.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
