HCM City focuses on developing infrastructure for e-commerce

Apr 27th at 10:12
27-04-2021 10:12:17+07:00

HCM City focuses on developing infrastructure for e-commerce

HCM City is focusing on developing its infrastructure for e-commerce amid the rising trend in online shopping, according to the city’s Department of Industry and Trade.

 

Figures from the department show that 62.5 per cent of local consumers use the internet for shopping, while 17.9 per cent choose online payments.

The value of online shopping rose 13.8 per cent annually in recent years, the department reported.

According to Ha Ngoc Son, head of the Import-Export Management Office under the city’s Department of Industry and Trade, the city aims to provide training to at least 70 per cent of public servants in economic sectors on general knowledge on State management over e-commerce activities, focusing on factors supporting such activities.

However, Son also said the city needs support from the State on planning, land reserves, and financial resources in the form of public investment.

Meanwhile, Tran Thai Son, founder and CEO of e-commerce platform Tiki.vn, said shopping demand via e-commerce floors is rising, adding that in HCM City it is double or even triple the country’s average.

Along with enterprises and e-commerce floors, more small businesses and individuals have also engaged in distributing and selling goods through e-commerce apps, he said, stressing the crucial need to expand infrastructure serving these activities.

Experts said that COVID-19 has hindered the development of international trade activities while encouraging sellers and buyers to join the e-commerce market, thus leading to a new trend of exporting goods via e-commerce channels.

They said that in order to take part in e-commerce activities, businesses need a network of warehouses and delivery centres, and the city needs to pay greater attention to the development of the logistics sector.

Phan Thi Bich Hue, Chairwoman of the Management Board of the Tay Thai Binh Duong Company, said the southern hub should consider logistics as a spearhead sector.

In particular, she pointed out that many logistics firms have faced difficulties in accessing land for their business. 

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Viet Nam, India share strategic, comprehensive partnership

The Indian Consulate in HCM City will be hosting 75 events to celebrate its 75th anniversary of independence on August 15 next year as well as to mark India and...

Newly-registered FDI capital in first four months up 25 per cent on-year

Newly-registered foreign direct investment (FDI) has risen significantly over the previous year with the average newly- and additionally-registered capital for a...

VEPR: Vietnamese economy could grow by 6.3% in 2021

The Vietnamese economy could grow by about 6-6.3 per cent in 2021, said chief economist Pham The Anh from the Vietnam Institute for Economic and Policy Research...

US – Vietnam trade agreement makes differences for both: AmCham Chairwoman

The US-Vietnam Bilateral Trade Agreement (BTA) has made a big difference in the US, of how to go from war to peace, from enemy to friendship,” Chairwoman of the...

Danang parades investing advantages

Continuously ranked at the top of the leading cities and provinces in the national Provincial Competitiveness Index, Danang has emerged as one of Vietnam’s hotspots...

National Quality Awards 2019-2020 bestowed on 116 businesses

The Vietnam National Quality Awards 2019-2020 were presented at a ceremony in Hanoi on April 25, honouring 116 companies with remarkable achievements in improving...

Quang Ninh retains mantle in latest PCI evaluation

“It’s the sincere actions of local authorities that make enterprises and investors choose Quang Ninh, not incentives or policies. Trust will make everything,” said...

FIEs pour over $2.5 billion into Dong Nai industrial zones in Q1

Foreign-invested enterprises (FIEs) have poured more than $2.5 billion into Dong Nai industrial zones (IZs) in the first quarter, an increase of nearly $100 million...

Solutions sought to ensure targeted 6.5 percent GDP growth in 2021

Vietnam’s gross domestic product (GDP) growth reached an estimated 4.48 percent in the first quarter of the year, higher than the 3.68 percent recorded in the same...

Free trade deal increasing Vietnam’s allure to Brits

The implementation of the UK-Vietnam Free Trade Agreement will be a boon to bilateral trade and investment between Vietnam and the United Kingdom moving forward...


MOST READ


Back To Top