Việt Nam’s e-commerce sector has grown by 18 per cent since 2023, making it the third-fastest growing in Southeast Asia, following the Philippines and Thailand.
MoIT Deputy Minister Hải was speaking at the Vietnam E-commerce Development conference, entitled Sustainable E-commerce Development, organised by the MoIT’s Department of E-commerce and Digital Economy on December 1.
Viet Nam''s e-commerce revenue in 2022 maintained an increase of about 15 per cent compared to last year, according to the Viet Nam E-commerce Association (Vecom).
Viet Nam’s e-commerce sector has enjoyed impressive growth in recent years, with the market scale projected to increase to US$49 billion, even $57 billion by Google, by 2025, from only $4 billion in 2015.
Viet Nam’s e-commerce market is forecast to climb 20 per cent in the last quarter of this year to reach US$12 billion by year end if the COVID-19 pandemic is brought under control.
Dang Hoang Hai, head of Việt Nam’s e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, talks to Vietnam News Agency about IT application in trade activities to link e-commerce with traditional commerce.