Hanoi (VNA) –Vietnam has seen a rise in mobile e-commerce, also known as m-commerce, aneffective channel for retailing in the digital era.
By January 2017,Vietnam was home to almost 47.2 million mobile internet users, half of thecountry’s population, according to the report “Vietnam Digital Landscape 2017”by We Are Social. Some 39 percent of the population have purchased products orservices online, of them 29 percent have placed at least one online order via amobile device.
The total value ofthe country’s e-commerce market was estimated at about 1.8 billion USD in 2016,the report said.
The 2017 Vietname-Business Index by the Vietnam e-Commerce Association (VECOM) shows that the internethas been a great tool for local enterprises in cross-border trade. They cancommunicate with overseas partners via the internet and can access onlinepublic services, for example, e-customs and e-certificate of origin.
It also found that 45percent of domestic enterprises own a website but only 19 percent of thewebsites are compatible with mobile devices, down from 26 percent in 2015.
To succeed, domesticfirms must catch up with mobile e-commerce trends to maintain a competitiveedge over the others, said VECOM Vice President Nguyen Ngoc Dung at the VietnamMobile Day last weekend.
Dung suggested thatselecting a suitable domain name should be the first step in building areliable online presence for a business as a domain name is not simply anaddress on the internet but is closely attached to the enterprise’s operationsand branding.
A mobile-friendlywebsite will draw more customers to the brand name and improve itscompetitiveness, he added.
For those who wishto reach out to the global markets, the domain name “.com” indicatescredibility thanks to its popularity and stability over the past 18 years, saidExecutive Director of Mat Bao Corporation Huynh Ngoc Duy at the event.
Sharing this view,Nguyen Tu Hong Quan, Director of the Nhan Hoa software company, noted that manyinternational companies, including those listed in the Fortune 500, use “.com”for their website, aiming to reach new customers outside their regions.-VNA
Mobile electronic commerce or m-commerce is soon set to take off in Vietnam thanks to the increasing number of mobile phones and rapid internet development, experts have predicted.
Vietnam’s potential for e-commerce development in the retail sector could achieve a 10-billion USD revenue by 2020, accounting for half the country’s total retail sales.
Electronic commerce in Vietnam has been growing at an average 22 percent a year, following the world trend of combining traditional and online sale, heard a conference on new trends of e-commerce.
An upcoming G2B (Government to Business) conference will target creating favourable conditions for business growth, not merely on solving existing problems facing enterprises, a senior official has said.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
Illustrative image. (Photo: Internet) 
