E-commerce, a Covid lifeline for merchants
09:25 | 14/04/2021 Trade
(VEN) - As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional US$900 billion being spent in retail online around the world in 2020. Put another way, in 2020, e-commerce made up roughly US$1 out of every US$5 spent on retail, up from about US$1 out of every US$7 spent in 2019.
Will e-commerce boom continue in 2021?
06:00 | 05/04/2021 Trade
(VEN) - E-commerce is forecast to continue booming in 2021 with revenue surpassing last year’s figure of US$11.8 billion, offering opportunities for domestic businesses to build new business strategies and approach modern distribution channels.
Vietnamese startups go global with Amazon
15:00 | 25/03/2021 Trade
(VEN) - Tran Xuan Thuy, CEO of Amazon Global Selling Vietnam, said e-commerce grew six fold in comparison with traditional sales activities in 2020. Vietnamese sellers exceeded US$1 million in sales on Amazon last year, he added.
MoIT cuts export growth target to 4-5 percent
10:53 | 25/03/2021 Trade
(VEN) - Tran Thanh Hai, Deputy Director of the Ministry of Industry and Trade’s (MoIT) Agency of Foreign Trade said the ministry had set a 4-5 percent export growth target for 2021 after carefully considering existing and potential difficulties caused by the pandemic and changes in global trade.
Two-month exports surge 27.1 percent
06:00 | 15/03/2021 Trade
(VEN) - Vietnam’s import-export turnover reached US$97.5 billion in the first two months of the year, an increase of 26.7 percent compared to a year ago, with exports surging 27.1 percent to US$50 billion. During the week of February 10-16, import-export turnover reached US$1.67 billion, a year-on-year increase of 53 percent.
Vietnam’s stock market offers new opportunities
06:00 | 01/03/2021 Trade
(VEN) - Despite the impact of the Covid-19 pandemic, Vietnam’s stock market maintained stable operations with increasingly improved liquidity in 2020. Its performance contributed to supporting the business community and reassuring investors. The stock market continues to offer new opportunities in 2021.