Covid-19 boosts up online sales in Hanoi retail systems
Many business owners have promoted online sales to make profit amid the Covid-19 pandemic.
Many business owners have promoted online sales to make profit amid the Covid-19 pandemic.
E-commerce floors have pre-stocked goods and integrated new technology for online shopping activities.
Revenue from online shopping accounts for 5.5% of the country’s total merchandise retail and service industries, according to the Ministry of Industry and Trade.
E-commerce has been a spotlight of the Vietnamese economy with an average growth rate of 14% in the first three quarters of this year.
E-invoicing helps businesses save a significant chunk of expenses related to paper invoices, including printing, storing, and administrative procedure compliance cost.
During the first four months of 2020, 57% of firms operating in the e-commerce market reported a 30% year-on-year decline in revenue.
The average spending on online shopping of Vietnamese people has increased by 31% in 1H compared to 1H 2019.
Transaction values via smartphones increased by 177% in the first half of 2020.
Using e-invoices would help contribute to the development of e-commerce, and keep a healthy and fair business environment, stated a senior tax official.
Online shopping revenue accounted for 4.9% of total retail sales of goods and services in 2019.