First online shopping day generates 7.3 mln USD

The first online shopping day, locally known as Black Friday of Vietnam, generated 154 billion VND (7.3 million USD) in revenue, up 2.48 times compared to normal days, reported the Vietnam E-commerce and Information Technology Agency (VEITA).
The first online shopping day, locally known as Black Friday ofVietnam, generated 154 billion VND (7.3 million USD) in revenue, up 2.48times compared to normal days, reported the Vietnam E-commerce andInformation Technology Agency (VEITA).

Held on the first Fridayof December, the online shopping day attracted 1,000 businesses offering3,226 discounted items, mostly hi-tech gadgets (41 percent), apparel(24 percent), and household appliances (17 percent), and Vietjet Air andJetstar airline fares (4 percent), head of VEITA Tran Huu Linh reportedat a ceremony reviewing the result of the event.

Its website www.onlinefriday.vn counted over 1.99 million hits, according to the VEITA.

NguyenThanh Hung, General Secretary of the Vietnam E-commerce Association,said payment methods such as cash-on-delivery and banking transfer werefavoured, corresponding to 72 percent and 13 percent of approval.E-payment system like e-wallet and internet banking made up 11 percentwhile mobile banking accounted for a paltry 2 percent.

As forthe quality of shipping service, Hung said a half of participatingsellers were unsatisfied, with 9 percent rating it poor.

However,payment service fared well with 62 percent responding positively.Twenty-seven percent rated it average and only 1 percent sayingpoorly.-VNA

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