Online Friday expected to see US$64 million in sales
Thursday, November 15,2018AsemconnectVietnam - Online Friday 2018, which will be held on December 7, is expected to see sales of VND1.5 trillion (US$64 million) from two million orders, event organiser Viet Nam E-commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade said.
Dang Hoang Hai, IDEA’s director, said they would organise an event to provide digital technologies and e-commerce experiences to customers on walking street around Hoan Kiem Lake from November 30 to December 9.
To ensure product and service quality, the organiser told firms to provide certificates of origin, Hai said.
He said delivery businesses such as VnPost, Nijavan, Lalamove and Snailship would support firms by reducing delivery costs for the event.
The maximum value of goods and services used for sale promotion and the maximum discount rate for promoted goods and services are extended to 100 per cent in concentration promotion. For this reason, Online Friday will have products sold at zero dong or with prices reduced by 90 per cent.
Online Friday was organised for the first time in 2014 with 400,000 visitors, 160,000 orders and VND154 billion in revenue.
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