Vietnam strives to have over half of population shopping online by 2025
Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to 600 USD per year, according to a master plan on e-commerce development for 2021-25 recently approved by Deputy Prime Minister Trinh Dinh Dung.
Hanoi (VNA) – ꦅVietnam is aiming to have 55 percentof its population shopping online by 2025, with average consumer spendingrising to 600 USD per year, according to a master plan on e-commercedevelopment for 2021-25 recently approved by Deputy Prime Minister Trinh DinhDung.
E-commerce is viewed among the pioneering sectors of thedigital economy which contributes to modernising the distribution system, raisingbusinesses’ competitiveness and fostering the domestic market and exports. Revenue in the business-to-consumer (B2C) sector isprojected to surge 25 percent per year to hit 35 billion USD, accounting for 10percent of the total retail sales and service revenues nationwide. Under the plan, cashless payments will reach 50 percent, ofwhich those made via third-party payment service providers will make up 80percent of the total. Economic zones and localities aside from Hanoi and Ho ChiMinh City are forecast to account for 50 percent of the value of the total B2Ctransactions across the country. Businesses in 50 percent of the communes and equivalent administrativeunits nationwide will be encouraged to provide online shopping services. Meanwhile, Vietnam also wants 80 percent of the e-commercewebsites to have online booking functions and 50 percent of the small- andmedium-sized enterprises operating on e-commerce platforms, including those onsocial media sites./.
The Ministry of Industry and Trade (MoIT) and the Vietnam Chamber of Commerce and Industry (VCCI) on May 7 signed a cooperation agreement to support businesses after the COVID-19 pandemic.
The e-commerce market in Ho Chi Minh City has developed significantly, with total online spending growth up by more than 12 percent annually since 2015, according to the municipal Department of Industry and Trade’s report on e-commerce development.
Online food sellers have long been known as a channel to buy local, unnamed products, but now they are growing as an effective source for branded food firms.
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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.
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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.
Staff at Lazada e-commerce platform (Photo: VNA) 
