Retail export turnover from business to consumer (B2C) via e-commerce in Vietnam reached 3.5 billion USD in 2022
Retail export turnover from business to consumer (B2C) via e-commerce in Vietnam reached 3.5 billion USD in 2022Retail exports via online channels were estimated at $3.5 billion last year, up 7% compared to 2021 and may increase nearly four times to $13 billion by 2027.
Reflections on pandemic
Many deputies expressed their views on the pandemic, highlighting both the unity and compassion shown by the population and the opportunistic behavior of some officials. They also addressed the existing legal loopholes and the need for short-term and long-term actions. The comprehensive report on
An inevitable economic trend
Green and sustainable growth is an inevitable economic trend that localities need to follow. To restrict investment projects that can threaten the environment at the start, the Vietnam Chamber of Commerce and Industry (VCCI) has recently announced the Provincial Green Index (PGI) and considered it
Economic outlook – gloomy or not?
While many enterprises have in a recent survey held a negative viewpoint on the economy in the rest of 2023, official data paint another picture. The Board for Private Economic Development Research in a recent report stated that around 82% of nearly 10,000 enterprises being surveyed are downbeat
Effective treatment for work zombies
Employees working perfunctorily, without making an effort to get out of their comfort zone, is a prevalent issue in human resource management. However, while the global average rate is only 8%, this figure is three or four times higher in Vietnamese businesses. Low job performance can have costly
Zombie work phenomenon
Having no objectives for their jobs or future orientation, working with moderate effort, establishing no connections with colleagues and managers, making no progress, and being unwilling to learn new things are among the signs of the “zombie” phenomenon. This phenomenon is becoming increasingly
The efficiency of the policy rate cuts
The recent moves by the State Bank of Vietnam (SBV) to cut policy interest rates are expected to give a much-needed boost to the economy and enterprises. However, some are of the view that these moves have limited impact under the current circumstances. Drastic interest rate cuts Less than two
Yet to hit bottom
There is still a long way to go before the Vietnamese economy can expect a significant rebound, according to HSBC experts. While the economy showed some weaknesses, Vietnam’s services sector emerged as a bright spot, partially offsetting the overall situation. Retail sales in May increased by
Woes persist despite interest rate cut
Contrary to expectations, the stock market has remained lackluster since the State Bank of Vietnam (SBV) lowered key interest rates in late May. U.S. debt factor The SBV announced its decision to cut policy interest rates again on May 23, marking the third rate reduction since mid-March. But that
Vietnam set to begin work on four major road projects next week
HCMC – The Government has given the go-ahead to the commencement next week of construction work on four major road projects in southern Vietnam. Prime Minister Pham Minh Chinh has chosen June 17 as the start date of construction of an expressway connecting Chau Doc City (An Giang Province), Can
Vietnam wants stronger agro-fishery exports to China
HCMC – The Vietnamese Ministry of Agriculture and Rural Development is actively working toward enhancing trade cooperation with China to boost the country’s exports of agricultural produce. Discussions have been held recently with the authorities of China’s Guangxi Zhuang Autonomous Region and
HOSE reports 2022 revenue of nearly VND2 trillion
HCMC – The Hochiminh Stock Exchange said in its 2022 financial statement that it generated VND2,508 billion in revenue, a 23% decrease against the previous year. Its 2022 expenses dropped 20% to VND562 billion, resulting in a pre-tax profit of VND1,946 billion, which was still 23% below the
