With the third-largest market size in Southeast Asia and impressive growth, Vietnam’s e-commerce is like a delicious slice of the cake, attracting numerous international e-commerce platforms.
Vietnam's e-commerce market is on a strong growth trajectory, with the potential to reach a transaction value of 49.9 billion USD annually by 2028, as the country leverages emerging growth opportunities, according to a report released by YouNet ECI and YouNet Media on November 14.
Vietnamese e-commerce platforms’ revenues fell significantly in the third quarter of this year, while foreign platforms saw considerable expansion, according to a recent report by e-commerce data company Metric.
Vietnam’s e-commerce market is estimated at 22 billion USD this year, ranking third in Southeast Asia behind Indonesia (65 billion USD) and Thailand (26 billion USD).
The northern province of Bac Giang will promote e-commerce development in the locality, focusing on organising training and workshops for businesses, cooperatives, and individuals to improve their capacity to utilise e-commerce applications.
The E-commerce Connection and Development Forum 2024 on the theme 'Cross-border e-commerce: Export opportunities for Vietnamese products' will be launched in Hanoi on November 26 by the Department of E-commerce and Digital Economy under the Ministry of Industry and Trade.