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Many retailers in phone and electronics segments focus on developing online channels to survive during the coronavirus pandemic period. To survive adverse effects of the coronavirus pandemic, many Vietnamese tech retailers have quickly boosted their sales on online platforms as their physical stores nationwide have to close until April 15 to comply with the prime ministerial directive stipulating measures to combat the pandemic. Photo: MWG Significant demand on tech products Mobile World Investment JSC (MWG), the largest tech retailer in Vietnam, saw a surge in demand in online shopping since the beginning of April as more than 10% of its 2,000 phone and electronics stores, mainly in Hanoi, have to close. Dang Thanh Phong, PR manager of MWG, told Hanoitimes that its revenue from online sales accounted for 13% of the total phone and electronics revenue in March, higher than that of the previous months. Due to the closure of its stores, sales in … [Read more...] about Vietnamese tech retailers manage to survive Covid-19 pandemic

The pandemic has pushed forward the trends of e-commerce in Vietnam 2-3 years earlier than forecast with the sector growing in size four times over last year, according to a 2021 Lazada report. “Some of the e-commerce trends we expected would happen in 2025, such as in edutech and fintech, have already happened in 2022,” noted Nguyen Huy Hoang, chief business officer at OnPoint E-commerce. “Hence, all e-commerce platform companies are investing hugely in Vietnam.” However, as shopping centres and small brick-and-mortar stores are now reopened, many investors are concerned that the boom in e-commerce was just a short-term fad and the majority of consumers could quickly shift back to offline shopping. On May 12 at the Vietnam Online Business Forum, the general consensus amongst experts was that e-commerce will continue to boost the economy after the pandemic. Specifically, in the first quarter of 2022, the industry saw more than 8 million new online consumers. A survey … [Read more...] about All to play for in e-commerce rise

An aeroplane dedicated to Argentine great Diego Maradona was unveiled on Wednesday ahead of a journey that will end at the World Cup in Qatar later this year. The Tango D10S – a 12-seater financed by an Argentine fintech company - is designed as a flying museum in tribute to the former World Cup winner, who died of a heart attack in November 2020. It features a picture of Maradona kissing the World Cup trophy on the fuselage, while his face is also on the tail. The wings feature both of his goals from Argentina's 2-1 victory over England in the 1986 World Cup quarter-final: the 'Hand of God' goal on the left wing and the winner, a goal widely regarded as the greatest of all time, on the right. People take part in an event to launch the world tour to Qatar’s World Cup of the TANGO D10S, a themed airplane with a museum with objects used by late soccer legend Diego Armando Maradona, in Buenos Aires, Argentina May 25, 2022. Photo: Reuters “I am mad about Maradona, … [Read more...] about Maradona tribute plane unveiled in Argentina

The two-day event featured over 40 Vietnamese and Korean producers. — Photo courtesy of KOCCA Vietnam The Korea Creative Content Agency Vietnam Office (KOCCA Vietnam) has launched an online business matching forum to help South Korean content producers enter Viet Nam and deliver their products in the country more effectively. The two-day event, which ended on Thursday, saw the participation of over 40 Vietnamese and Korean producers in the fields of television, fictional characters, AR/VR, games and cartoons. Kim Tae Hyeong, CEO of Korean T2N Media, described the event as a good opportunity for his company to meet with Vietnamese businesses in over-the-top media services and enhance its understanding of the Vietnamese market. Director of KOCCA Vietnam Hong Jeong Yong said his agency would help Korean content companies access Viet Nam after the COVID-19 pandemic by ensuring its network with domestic enterprises, connecting content producers from the two countries in the … [Read more...] about KOCCA Vietnam hosts online business matching forum