The total value of Vietnamese e-commerce market is expected to reach 1.3 billion USD by 2015, the local Tuoi Tre (Youth) newspaper reported, citing sources from the Vietnam E-commerce and Information Technology Agency (VECITA).

The total revenues of local e-commerce deals in 2012 were estimated at 700 million USD, while 47 e-commerce exchange centres registered with VECITA generated 7 trillion VND (354 million USD) in sales, according to VECITA’s recent survey.

The survey, conducted by VECITA, also said the proportion of non-cash payment reduced to 11.8 percent in 2012.

In specific, bank card payment accounted for only 0.2 percent of the total value of non-cash payment during the same period. As of June 2012, there were 47.2 million bank cards released locally.-VNA