E-commerce revenue tops VND53 trillion in 2017

E-commerce revenue topped VND53,870 billion (US$2.37 billion) in Ho Chi Minh City last year, increasing about 20 percent over 2016 and accounting for 5.9 percent of the total retail sales of goods and services.

Online shopping has more and more developed in Vietnam

Online shopping has more and more developed in Vietnam

That has recently been revealed by  Mr. Nguyen Nguyen Phuong, head of Commercial Management Division under the HCMC Department of Industry and Trade.

At present, there are 61,000 e-commerce websites operating stably according to Government Decree 52 including online sale websites.

Mr. Phuong said that the city’s e-commerce market has been expanding with many new models. Businesses have developed their websites professionally with versions for mobile devices such as smart phones and tablets.
Global information and measurement company Nielsen forecast that e-commerce sales of fast-moving consumer goods will top that of retail stores in the next five years.

By THUY THO – Translated by Hai Mien

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.