Vietnam’s B2C e-commerce revenue rose by 25 percent to 10.08 billion USD in 2019, according to the e-Commerce White Book 2020 released by the Ministry of Industry and Trade (MoIT)’s e-Commerce and Digital Economy Agency (iDEA).
Vietnam’s B2C e-commerce revenue grows by 25 percent to 10.08 billion USD in 2019, according to the e-Commerce White Book 2020. (Photo: VNA)
Hanoi (VNA) – Vietnam’s B2C e-commerce revenue rose by 25 percent to 10.08 billionUSD in 2019, according to the e-Commerce White Book 2020 released by theMinistry of Industry and Trade (MoIT)’s e-Commerce and Digital Economy Agency(iDEA).
The number ofonline shoppers grew about 1.12 percent year-on-year to 44.8 million people last year from 39.9 million people in theprevious year, says the book.Average spending for online shopping was 225 USD per person, 23 USD higher thanin 2018.
Head of theiDEA Dang Hoang Hai said 2019 saw a big change of Vietnam’s e-commerce sector when the countrywas implementing the government’s master plan for e-commerce developmentbetween 2016 and 2020.
He noted thate-commerce has smoothed the way for the flow of goods and services andsupported firms, especially small- and medium-sized enterprises, in seekingbusiness opportunities in the era of international integration and the FourthIndustrial Revolution.
The bookprovides readers with anoverall picture of Vietnam’se-commerce industry from legal environment, logistics infrastructure, paymentto use of e-commerce among businesses, exporters and people.
Vietnam hasset a target that the e-commerce industry would grow by 25 percent per year to 35billion USD with more than half of the population shopping online by the end of2025.
According tothe e-Commerce White Book 2019, e-commerce revenue jumped 30 percent from 6.2billion USD in 2017 to 8.06 billion USD in 2018.
The size ofthe local e-commerce market was expected to reach 13 billion USD this year.
The e-ConomySEA 2019 report by Google and Temasek predicted that e-commerce in Vietnamwould expand 43 percent per year in the 2015-25 period, making it the fastestgrowing e-commerce market in the region.
Vietnam is nowthe second fastest growing e-commerce market in Southeast Asia, afterIndonesia./.
Vietnamese e-commerce platform Tiki has reported an increase of 15 percent in sales since the beginning of February, saying in a newsletter it indicates the significant increase in shopping needs since the COVID-19 outbreak began.
A workshop will take place in Hanoi on July 30 to discuss cross-border e-commerce with Amazon and opportunities for exports, according to Deputy Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan.
A shift to digital platforms is considered an effective means for businesses to expand export markets as Vietnam integrates more deeply into the global economy, Deputy Minister of Industry and Trade Cao Quoc Hung has said.
Vietnam’s export is set to grow 5 percent annually from 2021 to 2025 to reach 340 billion USD in 2025, according to the Ministry of Industry and Trade (MoIT)’s plan on socio-economic development for the five-year period.
The COVID-19 pandemic has become a golden opportunity for e-commerce trading floors, as well as social networks such as Facebook. However, the country has lost billions of dong in tax revenue due to e-commerce as there are no specific regulations on the sector.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam’s B2C e-commerce revenue grows by 25 percent to 10.08 billion USD in 2019, according to the e-Commerce White Book 2020. (Photo: VNA)
