E-com rise in Vietnam fuels delivery service boom
28 Feb 22 2 min read
The country’s digital economy is estimated to have been emerging at an average annual rate of 38 per cent since 2015, higher than the average of 33 per cent in Southeast Asia.
There was a significant surge in the number of orders on e-commerce sites from June to September last year, when social distancing rules were strictly in place to curb the spread of COVID-19, compared to the same period of 2020. The value of each order was 8-10 per cent higher than the projected figure at the beginning of the year, a news agency reported.
Various express delivery and transport services providers have been founded to meet the increasing demand. As of the end of September 2021, the number of postal service providers in Vietnam had reached 650, up 67 from the end of the previous year, data from the department of posts showed.
- Total Feb trans-border freight among US, Canada, Mexico up 7.5% YoY
- Vietnamese enterprises foresee better performance in Q2 2024: GSO
- Vietnam sources 52% of cotton imports from Central & South America
- Vietnam businesses worried over surging exchange rates
- US cotton exports rise with significant gains in China & Vietnam: USDA
- Vietnam's economy to see gradual recovery in 2024: World Bank
Competition has forced many firms to opt for the latest technologies and introduce innovative solutions to gain a bigger market share. For example, J&T Express has launched its international shipping services, called J&T International, to reach more customers at home and abroad.
Fibre2Fashion News Desk (DS)
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