Experts believe that the impact of Covid-19 will last at least 12-16 months more. Only 14 percent of companies, the most agile and flexible, can become the ‘winners’, according to Arnaud Ginolin, CEO of BCG.

Many companies have become digitized, believing this is the only way to achieve a breakthrough in their development.

The ‘e-commerce wave’ has opened a new consumption trend in which anyone can create a platform of their own to start a business.

Chair of the Vietnam Retail Association (VRA) Vu Thi Hau, at a recently held event, complained about the suffering borne by Vietnamese retailers. 

Instead of going to traditional markets or supermarkets for essential goods, more Vietnamese are buying things online.

After HCM City decided to temporarily close restaurants and catering services with the capacity of more than 30 customers, they began selling online and delivering food.

VietNamNet Bridge - Traditional distribution chains are still dominating the technology product retail market, but they are feeling the heat from online sale channels.

The ban on sale of liquors with alcohol content of 15 percent or more via the internet was issued one year ago, but online advertisements and sales of strong alcohol continue.

VietNamNet Bridge - Online sellers now are not fighting for profit but for market share, analysts say.

More than 900 Facebook account holders identified by the HCMC Taxation Agency as online traders have declared tax, while 11,000 account holders have not done so, after receiving a message from the taxation body.

Taxation agencies are sending invitations and messages, making calls to online sellers and threatening to block Facebook accounts if online sellers continue to evade tax.

VietNamNet Bridge - Retailers’ great efforts to develop online sales have been rewarded with initial success. 

VietNamNet Bridge - Market survey reports all show that shopping via mobile devices is becoming more and more popular among Vietnamese.

Land and house buyers and sellers will increasingly carry out their transactions via internet, according to CBRE, a multinational real estate service provider, and Genesis, a Chinese investor and real estate developer.