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HCM City (VNS/VNA) - The e-commerce market in Ho Chi Minh City has developed significantly, with total online spending growth up by more than 12 percent annually since 2015, according to the municipal Department of Industry and Trade’s report on e-commerce development. Pham Thanh Kien, the department’s director, said enterprises in the city had enhanced digital transformation and promoted online sales. E-commerce platforms have become important sales channels for businesses. The survey found that about five percent of enterprises in the city sold their products on e-commerce platforms, an increase of 0.4 percent compared to the preceding year. In the first quarter of the year, due to the impact of the Covid-19 pandemic, the number of orders for healthcare products, food and essential products on four e-commerce platforms, Tiki, Sendo, Shopee and Lazada, went up by 70-80 percent on average over the same period last year. Orders for face masks … [Read more...] about Online shopping on the rise in HCM City

The Khmer Times newspaper quoted Sakhon as saying that in April, Cambodia shipped 5,500 tonnes of tapioca and 4,500 tonnes of fresh cassava to Thailand and Vietnam; 800 tonnes of cashew nut to Vietnam; 1,982 tonnes of banana to China, Vietnam, and Japan; and 150 tonnes of mango to Thailand, Vietnam, France, Russia, the Republic of Korea, and Hong Kong (China). … [Read more...] about BUSINESS NEWS HEADLINES MAY 6

In the first quarter of the year, due to the impact of the Covid-19 pandemic, the number of orders for healthcare products, food and essential products on four e-commerce platforms, Tiki, Sendo, Shopee and Lazada, went up by 70-80 per cent on average over the same period last year. … [Read more...] about Online shopping is on the rise in HCM City

The State Bank of Vietnam has played an important role in the development of fintech companies and the digital banking sector, with the number of fintech firms increasing from 40 to 150 over the past four years. … [Read more...] about Backbase report: Mobile transactions in Vietnam to grow 400 pct. by 2025

A mobile money pilot project has been submitted to the Prime Minister for approval, marking a bold step for the development of payments using telecommunication accounts in Viet Nam, Governor of the State Bank of Viet Nam Le Minh Hung said at the dialogue between the PM and the business community on Saturday. … [Read more...] about Mobile money pilot project submitted to PM for approval