Share
E-commerce expected to grow this year in Vietnam
Wed, 27 January 2021
Vietnam s Ministry of Industry and Trade plans to accelerate the implementation of the national e-commerce development master plan for 2021-2025 to keep up with the growth of digital trading activities.
Head of the ministry’s E-Commerce and Digital Economy Department Dang Hoang Hai said: “By 2020, 53 per cent of the population participated in online shopping.
“Despite the impact of the Covid-19 pandemic, local e-commerce revenue grew 18 per cent, reaching $11.8 billion, accounting for 5.5 per cent of total retail sales, consumer goods and services nationwide.”
The ministry representative said with the support of electronic payments it would focus on developing e-commerce infrastructure, building and perfecting institutions and legal framework for e-commerce, creating a transparent and favourable legal environment for businesses and consumers in Vietnam.