Master plan on national e-commerce development through 2025 approved18/05/2020Revenues of business-to-consumer sales is projected to increase to US$35 billion by 2025, for accounting for 10% of Viet Nam’s total retail sales of goods and services.
This is part of the Government’s goals enshrined in the master plan for national e-commerce development for the 2021-2025 period.
The Government also expects that 55% of the population will do online shopping by 2025, with average consumer spending rising to US$600 by 2025 from US$202 in 2018.
The country’s e-commerce size was estimated at US$8.06 billion in 2018, up 30% from a year earlier, the White Paper of the Vietnam E-commerce and Digital Economy, Ministry of Industry and Trade indicated.
With steady and strong growth rate since 2015, the size of the e-commerce market is expected to expand to US$13 billion this year.
Cornerstone of digital transformation06/07/2020VGP – The cornerstone of digital transformation is enhanced application of information technology in all aspects of life, said Deputy Prime Minister Vu Duc Dam.
EVFTA offers opportunities for logistics business29/06/2020The EU-Vietnam Free Trade Agreement (EVFTA) will boost foreign trade and therefore directly benefit the logistics industry.
Origin traceability needed to boost exports to the EU28/06/2020The EU-Vietnam Free Trade Agreement (EVFTA) will offer a wide range of opportunities for Vietnamese farm produce exports, including fruit and vegetable exports to the EU, but exporters must first satisfy the goods’ origin traceability standard.
EVFTA hoped to take effect on August 109/06/2020Minister of Industry and Trade Tran Tuan Anh and EU Trade Commissioner Phil Hogan reached consensus on the point of time for the EU-Vietnam Free Trade Agreement (EVFTA) to take effect, during their phone talks on June 8.
Vietnam plays leading role in restoring ASEAN economy after pandemic25/05/2020Minister of Industry and Trade Tran Tuan Anh recently spoke with ASEAN Secretary General Lim Jock Hoi about economic recovery plans for the bloc and maintaining regional supply chains in the post Covid-19 period, as well as the next steps to cope with the pandemic. Following the discussion, the minister spoke with the media.