Online tour bookings are projected to expand 50% in 2018-2020, almost twice as much as e-commerce, but this tourism segment will face many difficulties. A 2017 survey of international tourists showed 71% of tourists search for online information, and 64% book and buy services online when traveling to Vietnam. With the development of e-commerce and tourism, these proportions will be higher in the future. According to online travel agency Tugo, the old travel business model has exposed issues related to product marketing and personnel. Speaking at a workshop on online tourism in Hanoi last week, a representative of Tugo said travel firms have spent a lot on marketing but they have not been able to exactly measure the efficiency of their marketing plans. To reach more customers, traditional travel firms need to increase branches, staff and costs. Thanks to new technology, Tugo has solved this issue, said the representative. New technology has made it possible for Tugo to reduce … [Read more...] about Online tour bookings seen growing 50% towards 2020
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Online shopping purchases in RoK continue to rise in February
Online purchases in the Republic of Korea (RoK) continues to show solid growth in February. (Photo: Yonhap) Seoul (VNA) – Online purchases in the Republic of Korea (RoK) continued to show solid growth in February, according to Yonhap News Agency. The total value of transactions made with computers, smartphones and tablets reached 7.91 trillion KRW (7.49 billion USD) in February, up 11.6 percent from a year earlier, Yonhap cited data from Statistics Korea as saying. The sharp rise was attributed to the increased demand for daily necessities and foods on occasion of the Lunar New Year holiday that fell in mid-February and the 2018 PyeongChang Winter Olympics that ran from February 9 to 25. The total value of mobile transactions soared 22.8 percent to 4.78 trillion KRW thanks to rising sales of pet supplies, furniture and foods. Mobile transactions accounted for 60.4 percent of all online purchases in February. - VNA … [Read more...] about Online shopping purchases in RoK continue to rise in February
Foreign OTAs dominate Vietnam’s online travel market
Global online travel agencies (OTAs) currently hold up to 80% of Vietnam’s online travel market share, said Nguyen Van Tuan, head of the Vietnam National Administration of Tourism (VNAT). Rapidly-developing technology has had an impact on many sectors, including tourism Tuan gave the information at Online Tourism Forum 2018 held by Vietnam E-Commerce Association (VECOM) and VNAT in Hanoi on March 29. Rapidly-developing technology has had an impact on many sectors, including tourism. Over the past two years, personal and group experience travel booked using smartphones to search information has been on the rise, replacing travel agents. Visitors often book flights tickets or rooms through OTAs. At the meeting, Tuan cited VECOM’s information as saying that OTAs such as Agoda.com, booking.com, Traveloka.com and Expedia.com account for up to 80% of Vietnam’s online travel market share. Most foreign visitors who come to Vietnam and domestic holidaymakers use … [Read more...] about Foreign OTAs dominate Vietnam’s online travel market
Large online gambling ring broken in Vĩnh Phúc
VĨNH PHÚC – Police in the northern province of Vĩnh Phúc have smashed a large-scale illegal online gambling ring, with 22 arrests and the seizure of over VNĐ200 billion (over US$8.8 million). The ring was operating via a website, 3in1bet.com, with gambling in the form of football bets. Lưu Văn Nam, 29, from Vĩnh Yên City, was identified as the leader of the ring. The police also seized some computers, mobile phones and currency. Within just six months between June and December 2017, the ring organised 14,000 bets on regional and international football tournaments, police said. The case is under further investigation. – VNS … [Read more...] about Large online gambling ring broken in Vĩnh Phúc
Millions of online sellers to compete with Amazon in Vietnam
VietNamNet Bridge - Amazon will find it not easy to conquer the Vietnamese market as it will have to compete with millions of people selling products via social networks, especially Facebook, analysts say. There are millions of people selling products via social networks Mai Duong, 27, an officer in Hanoi who earns $1,000 a month, is a middle-income earner in Vietnam. However, selling goods via Facebook brings her additional income 2-3 times higher. Some people who sell products via social networks can earn up to $10,000 a month, and the trade has been developing so rapidly that the government is considering taxing the transactions. “There are numerous online sellers. But the market has a lot of potential,” she said. Tran Thanh Hai, a senior official of the Ministry of Industry and Trade (MOIT), said Amazon and Alibaba will not target market segments that Vietnamese firms target. RELATED NEWS Amazon studying Vietnam market Popular Vietnamese … [Read more...] about Millions of online sellers to compete with Amazon in Vietnam