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Update news online sales
Vietnam is set to see 55% of the local population regularly participate in online shopping activities by 2025, with the value of goods purchased through the internet and online services reaching an annual average of US$600 per person.
Amazon has reported record quarterly profits helped by a rise in online sales and demand for its cloud services.
Retailers are struggling to meet even modest forecasts for the holiday shopping season this year after the "Super Saturday" before Christmas failed to live up to its nickname,
VietNamNet Bridge – Since the phenomenal success of game app "Flappy Bird," Viet Nam's startup ecosystem has gained considerable momentum in the last two years and it is on the radar of many foreign venture capital funds.
Technology giant Apple says it cannot sell products online in Russia because the rouble's value is too volatile for it to set prices.
VietNamNet Bridge – The Ministry of Industry and Trade is setting up strict regulations on e-commerce to prevent trade fraud, but businesses say this would cause serious problems for them.
VietNamNet Bridge – Traditional retailers at brick-and-mortar shops are investing to develop online sales, while online distributors are opening stores to boost traditional retail sales.
VietNamNet Bridge – Following a prosperous year 2013, the e-commerce market is believed to make a big leap in its development in the time to come. The turnover of $8 billion by 2017 is within the reach.