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E-commerce forecast to make breakthroughs this year: experts

E-commerce is projected to continue thriving and creating a momentum for economic growth in 2022, according to experts.
E-commerce forecast to make breakthroughs this year: experts ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) –❀ E-commerce is projected to continuethriving and creating a momentum for economic growth in 2022, according toexperts.

It also opens up chances for Vietnamese firms to build new businessstrategies and access modern distribution channels in a bid to expand marketand recover in the post-pandemic period. To facilitate e-commerce’s development, DangHoang Hai, Director of the Vietnam E-Commerce and Digital Economy Agency (IDEA)under the Ministry of Industry and Trade, said the IDEA will expand the virtualprogramme promoting Vietnamese products and arrange training on e-commerce forfirms nationwide. The agency will work to complete an e-payment system and improvequality of transport and delivery services, strengthening consumers’ trust in e-commerce in the 2022-25 period. Consumers have become familiar and favoured cashless payment over the pasttwo years, with the number of payments made via e-wallets surging 10-fold. It is noteworthy that half of Vietnam’s population are using e-commerce. Purchase volume on major online marketplaces like Tiki andLazada surged 40-100 percent on the threshold of the Tet (Lunar New Year)holiday. Experts in the field also hope for policies conducive for e-commerce’sdevelopment. They also stressed the need to reduce inconsistent and overlapping regulations stipulated bydifferent ministries and sectors./.
VNA

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