Sci-Tech

Vietnam’s e-commerce revenue grows by 15% in 2022

Vietnam’s e-commerce revenue in 2022 maintained an increase of about 15% compared to last year, according to the Vietnam E-commerce Association (Vecom).
Vietnam’s e-commerce revenue grows by 15% in 2022 ảnh 1Vietnam's e-commerce market is forecast to see a fast and stable growth rate at double digits during 2016-2025. (Photo: tapchitaichinh.vn)
Hanoi (VNS/VNA) – Vietnam’s e-commerce revenue in2022 maintained an increase of about 15% compared to last year, accordingto the Vietnam E-commerce Association (Vecom).

Last year, revenue saw on-year growth of 16% to 13.7 billion USD, theassociation said.  

Vietnam’s e-commerce market has been forecast to see a fast andstable growth rate at double digits during the 2016-25 period.

Although Vietnam’s economy was heavily impacted by the COVID-19 pandemic in2020, its e-commerce revenue still grew by about 15% to 13.2 billion USD comparedto 2019.

The Vietnam E-commerce White Paper in 2022 said that in 2021, Vietnam’seconomic growth was only 2.58%, the lowest in the past 30 years. In thatcontext, the country’s e-commerce revenue still maintained a growth rate of 6%to 13.7 billion USD. 

With the rapid change in online shopping habits in Vietnam, its e-commerceactivities as well as trade promotion activities in the online environmentcontinue to maintain rapid and sustainable development.

However, many enterprises with quality goods and products now still do not knowhow to use information technology as well as e-commerce or are not readyto carry out trade promotion activities on different online platforms. This isa weakness of many Vietnamese enterprises.

Using information technology and e-commerce in business activities is an urgentrequirement for all enterprises to achieve the goal of national digital transformation.

Therefore, a fair on connecting trade and promoting trade in e-commerceapplications (Ecommerce Expo 2022) is held by the Vietnam E-commerceAssociation from December 16, 2022 until January 1, 2023.

At the one-month fair, online exhibitions are combined with traditionalexhibitions to create opportunities for manufacturing and service enterprisesin expanding their business activities.

Ecommerce Expo 2022 is held to promote the introduction of products andservices of e-commerce businesses to domestic manufacturing enterprises.

This event also creates opportunities for bilateral or multilateral exchangesand cooperation among enterprises in providing e-commerce promotionsolutions to manufacturing enterprises.

During the fair, a forum on digital transformation activities is organised toattract the participation of about 150-200 guests./.
VNA
#e-commerce #Vietnam E-commerce Association #Vietnam’s economy #economic growth #digital transformation #updated Vietnam news #Vietnamplus #Vietnam News Agency
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