According to Momentum Works, Southeast Asian nations’ total expenditure (GMV) on food delivery services in 2022 reached $16.3 billion, up 5% following two years of a delivery boom due to Covid-19.

For the first time in three years, growth in the area was mostly driven by small-scale markets such as the Philippines (up $0.8 billion), Malaysia (up $0.6 billion), and Vietnam (up $0.3 billion).

As Covid-19 became an endemic illness and economies reopened, GMV in bigger markets such as Singapore (down $0.4 billion), Thailand (down $0.4 billion), and Indonesia (down $0.1 billion) dropped.

Grab and ShopeeFood are the two most popular applications in Vietnam, with 45% and 41% of the GMV market share, respectively. The remainder is split between Baemin (12%) and Gojek (2%).

As of the end of 2022 in Southeast Asia, Grab’s GMV is estimated to reach $8.8 billion, accounting for 54% of overall GMV in the area and rising by 16% year on year.

Foodpanda is estimated to contribute $3.1 billion, accounting for 19% of the region’s GMV and reflecting a 9% decrease; Gojek and ShopeeFood still maintain the same GMV level in 2021, reaching $2 billion and $0.9 billion respectively.

Source: ZingNews

According to Nikkei Asia, Apple has contracted with Taiwan’s Foxconn to begin producing MacBooks in the country of Southeast Asia in May 2022.

For all of its key product lines, Apple has been seeking to build production facilities outside of China. Still, the final one, the MacBook, it has taken longer due to the intricate supply chain required for producing laptop computers.

Almost two years ago, the company has planned to move some MacBook manufacturers to Vietnam, where a trial production line has already been set up. 

Apple produces between 20 and 24 million MacBooks annually, with factories situated in the Chinese cities of Chengdu, the Sichuan area, and Shanghai.

For China, the loss of control over MacBook manufacturing represents a general deterioration in its role as the world’s factory. 

Since former U.S. President Donald Trump began a trade war against China, major electronics manufacturers like Apple, HP, Dell, Google, and Meta have all announced at least some preparations to relocate production and sourcing away from the nation.

The majority of data center servers manufactured for companies with U.S. customers, including Google, Meta, Amazon, and Microsoft, are now produced in Taiwan, Mexico, or Thailand.

Apple has regarded China as its most significant assembly base for many years, but in 2022, that successful formula ended. 

Due to a lengthy COVID lockout in the spring, important MacBook and iPhone production facilities in Shanghai experienced significant interruptions. 

Apple issued a warning in November on delays in the premium iPhone 14 Pro and 14 Pro Max’s Christmas deliveries, citing labor shortages caused by the epidemic at its most significant production facility in Zhengzhou, Henan province.

AirPods, which began commercial manufacturing in Vietnam in 2020, served as the catalyst for Apple’s expansion into that country. Nikkei Asia was the first to reveal that the business moved some of the production of Apple Watches and iPads there this year. 

Source: Nikkei Asia

The size of the e-commerce market in Vietnam’s retail industry in 2022 is anticipated to be $16.4 billion, accounting for 7.5% of total consumer goods and services revenue in Vietnam.

According to the Ministry of Business and Trade, with a growth rate of 20% each year, Vietnam is recognized by eMarketer as one of the top five countries in the world for e-commerce growth.

As the post-Covid-19 recovery period begins, e-commerce is one of the digital economy’s pioneering industries, acting as a driving force for economic development and guiding digital transformation in organizations.

In 2022, the Ministry of Industry and Trade collaborated with localities to conduct several e-commerce connection initiatives in provinces and towns such as Hung Yen, Bac Giang, Hai Duong, Quang Ninh, Ha Tinh, Thai Binh, Can Tho, and the Mekong Delta area.

The program has assisted thousands of firms in approaching the way of distributing items on e-commerce and developing customer purchasing habits, consequently generating income for enterprises.

Furthermore, cross-border e-commerce cooperation initiatives with partners such as significant international e-commerce platforms such as Amazon and Alibaba have been aggressively implemented, assisting small and medium-sized businesses in increasing exports.

Through these programs, Vietnam’s strong products (agricultural products, processed meals, handicrafts, industrial consumer goods) may be exported straight from producers to the domestic market. Many countries throughout the world have benefited from e-commerce.