The Central Committee of the Ho Chi Minh Communist Youth Union (Central Youth Union) yesterday signed a collaboration agreement with Vietnam Post for the 2023-2026 period.
Technology is rapidly changing trading methods from traditional to multi-channel one. Businesspeople all over the nation are actively upgrading their operation to save cost and increase revenues.
Revenue collected from taxes on E-commerce activities in Vietnam as well as cross-border digital platforms has been gradually and steadily increasing in the last few years.
A project will provide additional utilities and services this year, said Colonel Vu Van Tan, Deputy Director of the Police Department for Administrative Management of Social Order under the Ministry of Public Security.
The Agricultural Index Company announced the launch of a project to build a trading floor for rice and by-products in the Mekong Delta Province of Dong Thap’s Sa Dec City.
The communication service market generated around VND3,893,595 billion (US$165 million) announced by the Ministry of Information and Communications today.
The digital economy of Vietnam is enjoying the fastest growth rate in the Southeast Asian (SEA) region, with estimated Gross Merchandise Volume (GMV) rise by 28 percent, from US$18 billion in 2021 to $23 billion this year, thanks to the 26-percent development of its e-commerce.
The Vietnamese logistics sector is eyeing the urgent need for renovation, overall solutions and vision as well as new development orientations to catch up with the global trend, creating a breakthrough for the country’s socio-economic recovery and development, according to experts.
Many experts said that the potential of the Vietnamese logistics market is enormous when it is ranked eleventh out of 50 global emerging logistics markets. However, the weakness of infrastructure and high transport costs have been barriers for Vietnamese firms to fully tap into the sector's potential.
The Covid-19 pandemic has put a brake on Vietnam’s economic growth over the last two years but, on the other hand, it has also fueled a significant uptick in e-commerce which recorded a 16 percent growth to US$13.7 billion in retail revenue in 2021, according to the White Book on Vietnamese E-business 2022.
Vietnamese firms are urged to use online platforms to expand their market reach in the UK now that the UK-Vietnam Free Trade Agreement (UKVFTA) has come into effect, experts said.