In the first half of 2022, the number of users ordering food on the GoFood increased by 66% from a year earlier. 

Users also tend to place orders with a higher total value. In the first 6 months of 2022, the average value of each order on GoFood increased by 23%, and the average revenue of GoFood partners increased nearly 3 times compared with the same period last year.

After easing social distance regulations in Vietnam. The number of merchants operating on GoFood climbed by 83% in the first half of 2022 over the same period. In June alone, the number of new stores on the platform increased by 21% from the previous month and increased by 31% compared to the average of the first 3 months of 2022.

Ms. Le Nguyen Ngoc Dung, director of Gofood, said that the growth in revenue of restaurant partners on Gojek is a good sign of the recovery and prosperity of the economy. 

On the Gojek side, the company has focused on supporting partners such as creating a completely free online registration platform, creating conditions for restaurants to easily participate in business on GoFood; launching and promoting the application of GoBiz, an order management platform to help GoFood restaurant partners optimize the online food delivery process and develop effective business; provide analytical data about business activities and open programs to support partners to expand customer, enhance brand image, and increase sales.

Source: Vietnam+

The number of digital companies has constantly increased in Vietnam, from 45,600 in 2019 to 58,000 in 2020, and 64,000 in 2021, and the figure is expected to reach 70,000 by the end of this year.  

In the first half of 2022, digital enterprises earned $72.5 billion in revenue, representing a year-on-year increase of 17.8 percent, the ministry reported. 

Of the total revenue, hardware and electronics export turnover was estimated at $57 billion, up 16.4 percent against the same period last year in which computers brought back $ 29.1 billion of export turnover (up 21.8 percent) and mobile $ 27.9 billion (up 11.2 percent). 

Particularly, the value rate of “Make in Vietnam” reached over 26.7 percent to about $19.4 billion.  

In addition, the postal market made a revenue growth of over 30 percent. 

However, digital corporates are located unevenly, focusing in four localities namely HCMC, Ha Noi, Da Nang and Bac Ninh. These localities accounted for over 72 percent of total number of digital firms in Vietnam.

Source: VGP

According to Ninja Van Group’s report on online shopping in 6 countries: Indonesia, Malaysia, Philippines, Singapore, Vietnam, and Thailand with nearly 9,000 participants, Vietnam is the leading country with a number of online shopping averages up to 104 orders per year.

The report shows that Vietnamese people love online shopping and are leading the region in many indicators. Specifically, 73% of respondents said they regularly shop on e-commerce shopping platforms.

About 59% said they have ordered on international websites many times. In addition, the majority of Southeast Asian respondents are familiar with cross-border purchases within Asia or around the world.

In 2022, the number of Vietnamese shopping online will reach more than 51 million, up 13.5% over the previous year, total spending on shopping will reach $12.42 billion.

At the same time, Google and Bain & Company forecast that the scale of Vietnam’s digital economy will exceed $52 billion and hold the third position in the ASEAN region by 2025.

In a report from Ninja Van Group, Vietnam accounts for 15% of the total online shopping market in Southeast Asia, second only to Thailand with 16% and on par with the Philippines.

According to another report from Statista, Vietnam is expected to own the second largest e-commerce market in Southeast Asia, just after Indonesia before 2025. Vietnam currently has an average purchase size of $26, higher than the two most populous countries, Thailand ($25) and Indonesia ($18).

Over the past two years, the number of online shoppers in Southeast Asia has increased significantly, reaching around 70 million people. On a regional scale, 70% of the total population in Southeast Asia started shopping online even before the COVID-19 pandemic broke out. The number of online shoppers in Southeast Asia is expected to grow to $380 million by 2026.

According to Statista data, Southeast Asia’s average cross-border e-commerce share will increase from $74 billion in 2020 to $120 billion in 2021.

In the period 2016-2020, the growth rate averages 37.7% per year, higher than the global average of 27.4% per year. Forecast, e-commerce revenue in 2025 in Southeast Asia is expected to reach $234 billion.

Source: Zing News