Hanoi (VNA) – A seminar held in Hanoi on March 16 discussed utilising support tools for online exports, especially among small and med♊ium-sized enterprises.
According to the Ministry of Industry and Trade’s Vietnam E-commerce and Information Technology Agency (VECITA), up to 73 percent of firms said e-commerce brings great benefits and the rate of conflicts arising from e-contracts is as low as 8 percent.
VECITA deputy head Lai Viet Anh said only 8 percent of enterprises reach deals on e-trading platforms and 3 percent make transactions on their own or partners’ websites. Meanwhile, as many as 74 percent meet face-to-face and 65 percent deal with their partners via emails or correspondences.
She said VECITA has launched an e-commerce portal specially designed for domestic firms, providing information on the market for each goods’ category, Vietnamese trade offices in other countries, as well as information about merchants and product authentication.
Tran Xuan Thuy, Vietnamese Market Director of Alibaba.com said in order to facilitate exports via online channels, merchants must provide quality certificates and product details; including prices, payment and shipping processes.
Vietnam is expected to earn big from exports this year after several free trade agreements take effect, including those between Vietnam and the European Union, and between Vietnam and the Republic of Korea.
However, its export revenue dropped around 15 percent year-on-year in the first month and a half of this year, prompting exporters to switch to the online environment to optimise trade.
The event was co-hosted by the world’s e-commerce giant Alibaba and the OSB investment and technology company.-VNA
The Department of Industry and Trade in Ho Chi Minh City presented the HCMC eCommerce Award 2015 to 10 outstanding businesses in the field on January 15.
Vietnam has great potential for electronic commerce as it ranks in the world’s top 20 countries for internet users and first in Asia in internet user growth rate with over 30 percent of its population
The Vietnam e-Business Index (EBI) 2015 report has revealed great disparity in e-commerce development among localities, particularly in big cities including Ho Chi Minh and Hanoi.
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 (Source: Internet)
