According to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, Vietnamese e-commerce has affirmed its pioneering role in the digital economy.
With a growth rate of 18-25% per year, in 2023 alone, Vietnam's e-commerce recorded a growth rate of 25%, with revenue of 20.5 billion USD, Vietnam's e-commerce has affirmed its pioneering role in the digital economy.
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| Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan speaks at the opening ceremony of Vietnam Online Shopping Day - Online Friday 2024 |
The report of the Department of E-commerce and Digital Economy (Ministry of Industry and Trade) also shows that Vietnam's e-commerce growth is at the top of the world and the region; top 3 in Southeast Asia. It is forecasted that by 2025, the scale of Vietnam's e-commerce will reach about 45 billion USD. Many forecasts that e-commerce will become the main driving force for digital economic development.
Speaking at the opening ceremony of Vietnam Online Shopping Day - Online Friday 2024 held last night (November 29), Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan emphasized: " In recent years, e-commerce in Vietnam has affirmed its pioneering role in the digital economy. Although the global and regional economies are still facing many challenges, Vietnam's e-commerce continues to maintain an impressive growth rate, reaching 18 - 25% per year. In 2023, Vietnam's e-commerce recorded a growth rate of 25%, with a revenue scale of 20.5 billion USD. It is forecasted that in 2024, the market size will exceed 25 billion USD, clearly demonstrating the sustainable development and potential of this field "...
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| Delegates perform the button-pressing ceremony to activate “60 hours of online shopping – connecting, protecting and developing Vietnamese goods in e-commerce” |
According to the “Southeast Asia Digital Economy 2024” report released by Google and Temasek in early November 2024, the estimated size of Vietnam’s internet economy will reach 36 billion USD this year, up 16% over last year. Retail e-commerce continues to be a pillar, contributing 22 billion USD, up 18% over the same period and accounting for 61% of the total internet economy.
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| Convenience is one of the key factors for this platform to attract users. |
In addition to price, the convenience of e-commerce with home delivery is an important factor for customers. In addition, the ability to track orders, speed and cost of delivery also impact the customer experience.
One of the outstanding initiatives demonstrating the strong support of the Government and the Ministry of Industry and Trade to develop e-commerce is the organization of the National E-commerce Week and Vietnam Online Shopping Day - Online Friday.
The program was assigned by the Ministry of Industry and Trade to the Department of E-commerce and Digital Economy to coordinate with relevant units to implement annually since 2014. In 2024, the program will enter its 11th year with many innovations, aiming to better meet the needs of businesses and consumers in the digital transformation era. In particular, the program has the support of the Departments of Industry and Trade across the country and the participation of many content creators on digital platforms, selling Vietnamese products together, creating a highlight to promote Vietnamese goods to stand shoulder to shoulder with international brands.
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| Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan; Director of the Department of E-commerce and Digital Economy Le Hoang Oanh; Editor-in-Chief of Industry and Trade Newspaper Nguyen Van Minh and delegates took souvenir photos at livestream booths in Online Friday 2024 |
Responding to that direction, many Vietnamese manufacturing enterprises, infrastructure and logistics service providers, e-commerce platforms, media agencies and units, digital content creators, etc. have cooperated and connected to implement activities to promote the consumption of Vietnamese goods during the National E-commerce Week and Vietnam Online Shopping Day.
To ensure the success of the program, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan requested participating units: First , the products must have clear origin, be genuine, and ensure the trust of people and consumers when participating in transactions.
Second , it is necessary to improve and ensure the consumer experience in the online trading environment.
Third , it is necessary to connect and create conditions for Vietnamese businesses to have the opportunity to access and expand the market through e-commerce.
Fourth , it is necessary to control promotional and discount programs, ensure their authenticity, and protect consumer rights.
Fifth , it is necessary to promote propaganda work, closely coordinate with media agencies, and increase information sharing so that consumers know and understand how to protect their rights when participating in transactions in the online environment.
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| Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan; Director of the Department of E-commerce and Digital Economy Le Hoang Oanh and businesses and KOLs take souvenir photos |
In the bustling online shopping atmosphere at the end of the year, once again, the Deputy Minister of Industry and Trade also encouraged Vietnamese enterprises and Vietnamese brands to participate more strongly in the e-commerce market.
To contribute to promoting e-commerce, recently, Prime Minister Pham Minh Chinh signed Official Dispatch No. 119/CD-TTg requesting a number of relevant ministries and localities to continue to strengthen state management of e-commerce. It clearly stated that in recent times, e-commerce has developed strongly, becoming an inevitable trend of the global economy, especially cross-border e-commerce activities...
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| Vietnam e-commerce has affirmed its pioneering role in the digital economy. |
The Prime Minister requested the Ministry of Industry and Trade to preside over and coordinate with relevant ministries and agencies to continue reviewing the Law on Commerce and related legal documents to promptly propose the development, amendment and supplementation of legal policies on e-commerce management; proactively develop policies to manage transactions in e-commerce activities for export and import goods; summarize and evaluate the implementation of the National E-commerce Development Master Plan for the 2021-2025 period, on that basis, research, develop and submit to competent authorities for approval of the plan for the 2026-2030 period...
Source: https://congthuong.vn/thu-truong-nguyen-sinh-nhat-tan-thuong-mai-dien-tu-khang-dinh-vai-tro-tien-phong-trong-nen-kinh-te-so-361699.html
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