Vietnam’s B2C e-commerce revenue grows by 25 percent to 10.08 billion USD in 2019, according to the e-Commerce White Book 2020. (Photo: VNA)Hanoi (VNA) – Vietnam’s B2C e-commerce revenue rose by 25 percent to 10.08 billionUSD in 2019, according to the e-Commerce White Book 2020 released by theMinistry of Industry and Trade (MoIT)’s e-Commerce and Digital Economy Agency(iDEA).
The number ofonline shoppers grew about 1.12 percent year-on-year to 44.8 million people last year from 39.9 million people in theprevious year, says the book.Average spending for online shopping was 225 USD per person, 23 USD higher thanin 2018.
Head of theiDEA Dang Hoang Hai said 2019 saw a big change of Vietnam’s e-commerce sector when the countrywas implementing the government’s master plan for e-commerce developmentbetween 2016 and 2020.
He noted thate-commerce has smoothed the way for the flow of goods and services andsupported firms, especially small- and medium-sized enterprises, in seekingbusiness opportunities in the era of international integration and the FourthIndustrial Revolution.
The bookprovides readers with anoverall picture of Vietnam’se-commerce industry from legal environment, logistics infrastructure, paymentto use of e-commerce among businesses, exporters and people.
Vietnam hasset a target that the e-commerce industry would grow by 25 percent per year to 35billion USD with more than half of the population shopping online by the end of2025.
According tothe e-Commerce White Book 2019, e-commerce revenue jumped 30 percent from 6.2billion USD in 2017 to 8.06 billion USD in 2018.
The size ofthe local e-commerce market was expected to reach 13 billion USD this year.
The e-ConomySEA 2019 report by Google and Temasek predicted that e-commerce in Vietnamwould expand 43 percent per year in the 2015-25 period, making it the fastestgrowing e-commerce market in the region.
Vietnam is nowthe second fastest growing e-commerce market in Southeast Asia, afterIndonesia./.
VNA
