Hanoi (VNA) – The Prime Minister has given the green light to a master plan to develop e-commerce over the p༺eriod 2016-2020, which will strive to build a netw𒅌ork providing e-commerce services in all cities and provinces nationwide in the next four years.
Accordingly, legal infrastructure for e-commerce will be completed by 2020, aiming to catch up with the development of different e-commerce models and activities in society.
National e-commerce payment methods will be branched out to fit with various e-payment models, especially the business-to-customer (B2C), business-to-business (B2B), government-to-citizen (G2C) and government-to-business (G2B).
A network from shipping services to order fulfillment for e-commerce will be built under the master plan, aiming to promote cross-border e-commerce activities.
Safety and security infrastructure for the sector will be developed with the establishment of management and monitoring systems, rating of e-commerce websites and mechanisms to address disputes and violations in e-commerce transactions.
Regarding e-commerce market scale, about 30 percent of the population are expected to join online shopping by 2020, with the average value of purchased commodities reaching 350 USD per buyer.
The B2C e-commerce sales will increase by 20 percent annually to reach 10 billion USD in 2020, accounting for 5 percent of the country’s total retail sales and service revenues.
The master plan also encourages the development of e-commerce across borders with B2B e-commerce sales expected to make up 30 percent of the total import-export revenue in the next four years.
By 2020, 50 percent of the businesses will have an internet presence to update their business information and popularise their products. Meanwhile, 80 percent of enterprises will order or receive orders through e-commerce applications on the Internet or on mobile platforms.
All supermarkets, shopping malls and distribution facilities will install point-of-sale (POS) systems which enable non-cash payment when purchasing.
In addition, non-cash payment is also encouraged in 50 percent of households in big cities and 70 percent of providers of power, water, communication and media services.-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.
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.
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.
The business-to-consumer (B2C) e-commerce sales in Vietnam reached 4.07 billion USD last year, increasing 37 percent compared to that of the previous year.
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 photo (Photo: stefanini.com)
