Tag: Vietnam e-commerce

The figure underscores the robust development phase that Vietnam's e-commerce is currently experiencing, while highlighting increasing competitive challenges within the market.

The global cross-border e-commerce market estimated to reach nearly $800 billion in 2024 and projected to grow at an average rate of 30.50% until 2031.

According to the draft law, there are 18 administrative procedures, including 9 existing ones, while 6 others have been eliminated, representing a 40% reduction compared to current regulations.

Total consumption volume surged to more than 3.4 million products, a significant rise of 50.76%, underscoring the sustained high purchasing power in the market.

The proposed law will supplement and unify existing concepts in accordance with current legal regulations.

Market value reached $20.5 billion in 2023 and is projected to hit $45 billion next year, recent forum hears.

Massive livestream shopping event among the high points of this year’s online shopping season.

Failure to comply with these requirements could result in severe consequences, including app blocking, domain blocking, and cargo clearance suspension.

B2C retail e-commerce value in 2022 accounted for 8.5 per cent of total retail sales of goods and services in Vietnam.

VUSTA Chairman makes comment at VnEconomy’s ‘Cool Product Awards 2022’.

When Vietnam witnessed its first outbreak of Covid-19 in February 2020, there were concerns that the pandemic would have a major impact on the growth momentum of e-commerce both in the short term and in the 2021-2025 period. The reality, however, has been the opposite, with both online consumer and merchant numbers increasing sharply.