Since the outbreak of the COVID-19 pandemic, the shift towards a digital economy and changing consumer shopping trends have contributed to boosting exports and goods consumption, helping the Vietnamese products reach distant markets, according to experts.
Hanoi (VNA) - Since the outbreak of the COVID-19 pandemic, the shift towards a digital economy and changing consumer shopp𒐪ing trends have contributed to boosting exports and goods consumption, helping the Vietnamese products reach distant markets, according to experts.
In particular, many businesses have experienced sales increases of up to 70-80% when joining cross-border e-commerce platforms. This demonstrates that digital transformation and technological application have enhanced the value and competitiveness of products in the international market, as well as saved time and operational costs.
Nguyen Van Thanh, Director of the E-commerce Development Centre under the Ministry of Industry and Trade (MoIT)’s Vietnam E-commerce and Digital Economy Agency, said last year, while online retail sales in Vietnam reached 16.4 billion USD, the Vietnamese digital economy was nearly 23 billion USD, which is projected to reach 49 billion USD by 2025.
Recently, regulatory authorities have partnered with online giant retailers such as🍃 Amazon and Alibaba to hold training courses aim🌄ed at equipping the Vietnamese micro, small, and medium-sized enterprises (MSMEs) with export knowledge and skills. Last year, as many as 1,300 MSMEs benefited from the courses and set up stalls on Amazon and Alibaba.
Cam Lam mangos are introduced on a website (Photo: VNA)
Statistics showed that the northern mountainous province of Son La is home to around 3,250 firms and 806 cooperatives which have utilised social media and e-commerce platforms to promote and sell farm produce. Since early this year, more than 500 tonnes of fruits from Son La farmers have been sold through e-commerce platforms.
To improve the effectiveness of exporting and selling Vietnamese goods through e-commerce, the MoIT has partnered with localities to hold various e-commerce connectivity schemes, helping thousands of businesses access distribution methods and cultivate a habit of online shopping.
In the near future, the MoIT will also continue focusing on improving the application capacity and developing e-commerce, especially cross-border e-commerce./.
Vietnam needs to devise appropriate policies, especially those related to customs, to develop e-commerce across the border sustainably, heard a seminar held by Customs Magazine in Ho Chi Minh City on August 11.
Thanks to improved quality, diversified designs and competitive prices, Vietnamese goods have gradually won the trust of domestic consumers, but more attention on green practices, origin traceability, and e-commerce is needed to truly conquer the domestic market.
Small- and medium-sized enterprises in Vietnam need to understand more about development trends and legal regulations related to e-commerce activities, and proactively tap cross-border e-commerce opportunities brought by new generation free trade agreements, said insiders.
Authorities of the northern province of Quang Ninh have taken a series of trade connection activities to support businesses and cooperatives in the locality in promoting the stable sale of local products in the domestic and foreign markets, towards sustainable export.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
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.
Illustrative image (Photo: VOV)
Cam Lam mangos are introduced on a website (Photo: VNA)
