Hanoi (VNA) - Vietnamese businesses have been enjoying breakthrough growth thﷺanks to exportation through e-commerce exports.
The strong developments along with the impacts of the COVID-19 pandemic have unwittingly spurred and opened the way for many Vietnamese businesses to start cross-border sales.
According to a report released by Amazon, Vietnam’s cross-border retail sales increase over 20% annually, hitting 75.4 trillion VND (3.3 billion USD) last year, and are projected to reach 256.1 trillion VND in 2026.
Over 64% of the total sales are generated by micro, small and medium enterprises (MSMEs).
Notably, cross-border e-commerce is forecast to grow strongly in the Southeast Asian nation in the next five years.
Goods classification of Lazada e-commerce platform (Photo: VNA)
According to statistics of Ninja Van Company - Southeast Asia's leading logistics provider, Vietnamese products, mainly farm produce, handicrafts, furniture, home appliances and medical supplies, are being sold on international e-commerce platforms such as Amazon, JD.com, Alibaba and Shopee Global.
Dang Hoang Hai, Director of the E-Commerce Department under the Ministry of Industry and Trade, said the global B2C e-commerce revenue is expected to reach 2.88 trillion USD in 2023. The e-commerce markets of Vietnam’s major trade partners such as China, Japan, the Republic of Korea and EU countries will increasingly open up opportunities for Vietnamese businesses with products suitable to their markets.
Taking advantage of thriving e-commerce markets will help businesses enter choosy markets they previously had no access to./.
E-commerce is widely considered an effective and sustainable solution to help cooperatives improve their competitiveness, and boost production and exports, but the number of cooperatives that have gone online remains modest, prompting the Vietnam Cooperative Alliance (VCA) to support them in this regard.
OnPoint, an e-commerce enabler in Vietnam has successfully raised 50 million USD in a series B fund-raising round from SeaTown Private Capital Master Fund managed by SeaTown Holdings International, an indirect wholly-owned subsidiary of Singapore’s Temasek Holdings.
The rapid growth in e-commerce is driving an unprecedented increase in demand for logistics services, including express delivery services, according to industry insiders.
The northern province of Bac Giang has rolled out various measures to bring “thieu” litchi – the locality’s specialty fruit – to more markets inside and outside the country.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Illustrative image (Photo: VNA)
Goods classification of Lazada e-commerce platform (Photo: VNA)
