(VNA) – Vietnam’s e-Commerce progress reached 32 % final 12 months and averaged
about 30 % yearly since 2016, based on a report by the Vietnam
e-Commerce Affiliation (VECOM).
gross sales of products and companies on-line hit round 11.5 billion USD in 2019.
sector is forecast to keep up a progress of greater than 30 % this 12 months to
exceed 15 billion USD.
The market measurement
is anticipated to hit 43 billion USD by 2025, rating third in Southeast Asia,
based on earlier forecasts of Google, Temasek and Bain&Firm.
A latest report
launched by the Ministry of Trade and Commerce means that the e-Commerce
income could climb 20 % within the final quarter of the 12 months to succeed in 12
billion USD by the 12 months’s finish if the COVID-19 remains to be stored beneath
Within the early
phases of the pandemic (from February to April), 57 % of surveyed
e-commerce-related companies reported their income progress was beneath 30
% in comparison with the identical interval of 2019, with some even seeing detrimental progress, the report
% of companies noticed income rising greater than 51 %.
income within the first six months declined 6 % year-on-year regardless of the
variety of transactions rising by 25 %. Most transactions at the moment
have been of low worth.
In case the
pandemic worsens and adversely impacts manufacturing and
consumption, provide and operation of transport and catering companies, progress
may attain solely 13 % with estimated market worth of 11 billion USD.
In Could, the
Authorities authorized the nationwide e-commerce growth grasp plan for
2021-2025, focusing on an annual business progress of 25 % with greater than half of the inhabitants
buying on-line and common spending of about 600 USD per individual per 12 months by
(B2C) gross sales will rise 25 % per 12 months, accounting for 10 % of whole
retail gross sales of products and companies. Cashless funds in e-commerce would make
up 50 % and about 70 % of transactions on e-commerce platforms have