Business

E-commerce business helps boost domestic market, export: Experts

The national plan for e-commerce development in the 2021-2025 period aims to turn e-commerce into one of the pioneering area of the digital economy, helping enhance the competitiveness of businesses and promoting the growth of both domestic market and export, according to Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan.
E-commerce business helps boost domestic market, export: Experts ảnh 1Illustrative photo. (Source: VNA)
Hanoi(VNA) – The national plan for e-commerce development in the 2021-2025 periodaims to turn e-commerce into one of the pioneering area of the digital economy,helping enhance the competitiveness of businesses and promoting the growth of bothdomestic market and export, according to Deputy Minister of Industry and TradeNguyen Sinh Nhat Tan.

Speaking at a seminar in Hanoi on November 17 on market development for e-commerce firmsin the digital transformation era, Tan said that digital transformation willhelp Vietnamese businesses, especially small and medium-sized enterprises seeka more flexible business model, saving cost and optimise resources to overcomedifficulties.

Over the years,Vietnam has continuously recorded strong growth in the ratio of Internet usersas well as the number of online shoppers, he said, noting that the value ofonline shopping through e-commerce platforms has risen sharply in the pastfive years. The figure increased from 5 billion USD in 2016 to over 10 billionUSD in 2019 and 11.8 billion USD in 2020.

Notably, from thebeginning of the pandemic to mid-2021, Vietnam had seenadditional 8 million digital technology consumers, 55 percent of whom were notfrom big cities. Furthermore, 99 percent of Vietnamese digital technology consumerssaid that they will continue to use online services in the future, showing theclose ties between Vietnamese consumers and digital services and products.

At the event, manyexperts said that Vietnam remains an attractive innovation centre when the globalcapital resources have continued to flow to the country. The value of tradeand investment deals surged to a record 1.37 billion USD in the first halfof 2021. They held that e-commerce market has become a popular business modelof businesses, which has a strong spreading capacity in the community.Particularly, amid COVID-19 pandemic, e-commerce has enabled businesses to maketransactions with customers in a safe manner.

They agreed that inthe time to come, e-commerce will be a new shopping trend with impressivegrowth speed. This is a good chance for production businesses to serve theircustomers at anytime and anywhere, bringing better experience to consumers,they added./.

VNA
#e-commerce #national plan for e-commerce development #2021-2025 #digital economy #digital transformation #online shopping #Vietnam #Vietnam News #Vietnam Plus #Vietnam News Agency
Follow VietnamPlus

Related News

Vietnamese e-commerce market receives huge investment

Vietnamese e-commerce market receives huge investment

Telio, the first business-to-business (B2B) e-commerce platform in Vietnam, has received funding of 22.5 million USD from Vietnamese tech unicorn VNG, raising total investment that it had attracted as of September 2021 to 51 million USD.

See more

The forest database will be completed by the end of this year, adapting to the EU Deforestation Regulation (Photo: VNA)

Forest databases for EUDR implementation to be completed in 2026

Localities nationwide are required to complete the development and publication of provincial-level forest boundary databases and maps as of December 31, 2020, by the end of this year, as part of Vietnam’s efforts to adapt to the EU Deforestation Regulation (EUDR).

PM Pham Minh Chinh announces the establishment of the Vietnam International Financial Centre in Ho Chi Minh City. (Photo: VNA)

PM announces launch of Vietnam Int'l Financial Centre in Ho Chi Minh City

The Vietnam International Financial Center in Ho Chi Minh City and Da Nang will gradually assert Vietnam's position on the global financial map and make a substantial contribution to achieving the 2-digit growth target set by the 14th National Party Congress in the coming years, towards realising the 100-year strategic goals, said PM Pham Minh Chinh.

Duong Thi Lap's garden has 200 kumquat trees ready for Tet (Photo: VNA)

Tet bloom markets: rising demand, stable prices

Across Vietnam, key farming hubs for flowers and ornamental plants are buzzing with activity as the Lunar New Year (Tet) approaches, with farmers robust plant health, eye-catching designs, surging consumer demand, and broadly stable pricing.

Retail sales of goods in January estimated at 487.4 trillion VND (Photo: VNA)

Total retail sales of goods, service revenue up 9.3% in January

Retail sales of goods in January was estimated at 487.4 trillion VND, accounting for the largest share and increasing 9.3% year-on-year. Growth was driven by many categories, including household appliances and equipment, which rose 9.4% thanks to early-year shopping demand and promotional programmes by retailers.

Fishing vessel monitoring system (VMS). (Illustrative photo: VNA)

Quang Tri backs VMS subscription fees for fishing vessels

Under a recently approved provincial resolution, the support will be disbursed once a year. Total funding for the three-year programme is estimated at more than 12.2 billion VND from the provincial budget, benefiting around 1,360 vessels across the province.

Delegates at the meeting in Hanoi on February 9, 2026. (Photo baotintuc.vn)

Vietnam to release 2026 economic census data seven months earlier

Nguyen Thi Huong, head of the Standing Group of the Steering Committee of the 2026 Economic Census and Director of the National Statistics Office (NSO), said the first phase of data collection was underway nationwide and was scheduled to conclude on March 10.

At Xa Mat international border gate (Photo: VNA)

📝OP-ED: Decree 46 - Not proof of distorted “systemic failure”

Temporary suspensions, adjustments, or revisions of newly enacted policies are never ideal and should be minimised. Yet such course corrections occur worldwide, irrespective of a country's development stage or market-economy maturity. What counts is rapid remediation to contain losses, extraction of lessons to prevent recurrence, and firm resistance to the dissemination of misleading or hostile allegations, which will help both enforcers and those subject to compliance maintain clarity and composure.

Delegates at the signing ceremony of the MoU between the Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES). (Photo courtesy of the Vietnamese Embassy in Brazil)

Vietnam, Brazil step up trade promotion cooperation

The Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES) recently inked the MoU to enhance cooperation and expand business opportunities for enterprises from the two countries, with support from the Vietnamese Embassy in Brazil.

Chua Ve container port in Hai Phong (Photo: nhandan.vn)

Vietnam accelerates green transition for seaports

In recent years, while expanding infrastructure and boosting operational efficiency, the country has steadily rolled out a national green port initiative to align with international standards and encourage sustainable growth in the maritime industry.