Trade - Service

E-commerce accounts for less than 5% of retail in Vietnam, meanwhile, it is one-third in China. That means the country's growth potential is huge.

Grab would continue to work with local authorities to support Vietnamese farmers and small and medium businesses in digitalizing the farming industry.

Hanoi needs a complex or a logistics center to handle the collection and delivery of goods in the metropolitan area.

Vietnam will finalize its legal framework to build an independent and self-reliant economy, with high resilience against external shocks in global integration, Prime Minister Pham Minh Chinh has said.

The forum is part of a series of events to mark the 30th anniversary of Vietnam-South Korea diplomatic relations.

Durian is listed as the 11th fruit shipped to China, the largest consumer of Vietnamese fruit and vegetables.

Consumers can shop online via the website onlineasean.com starting on August 8, according to the Vietnam eCommerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade.

Lower petrol prices help businesses keep their products price at an affordable level and boost domestic consumption.

The deal represents an opportunity for Vietnamese companies to diversify their supply chains for greater productivity and competitiveness.

The country is on track to reach a GDP growth of 6.8-7% this year.

Vietnam accounts for 15% of the total online shopping market in Southeast Asia, behind Thailand and the Philippines, each with 16% .

The forum is aimed at attracting overseas investment to contribute to Vietnam’s socio-economic development.

Goods in the program must ensure quality, food safety, clear origin, and be in high demand by consumers.

Hanoi and other provinces and cities will focus on attracting investment in their key fields, creating production linkages among local businesses.

Hanoi Sales Promotion 2022 fair is among a series of activities to boost local consumption in the city's economic recovery.

The city’s OCOP program has drawn the participation of several local businesses, cooperatives, and commercial households in recent years.

Government agencies are tasked with addressing any overlapping laws and regulations that prove to be a hurdle in mobilizing resources for sustainable economic development.

Vietnam saw an 11-year-high growth rate of 7.7% y-o-y in Q2/2022, largely reaping the benefits of re-opening tailwinds.

The Vietnamese Government for its part would create utmost conditions for South Korean companies to succeed in Vietnam and commit long-term presence in the country.

As major cities of Vietnam, Hanoi and HCMC will promote tourism in the northern and central regions of the country.