Vietnam has recorded over 1,500 online fraud cases in the first eight months of 2025, with estimated losses of VND1.66 trillion ($63.1 million), according to data from the Ministry of Public Security.
The information was shared at the conference "Application of Identification and Authentication by the Ministry of Public Security to Enhance Safety in E-commerce Activities" held on November 1 in Hanoi.
The conference aims to promote comprehensive digital transformation in e-commerce through the application of identification and electronic authentication technology, ensuring safety and trust for online transactions.
The multi-dimensional perspectives from policy to technology solutions presented at the conference are expected to contributing to building a transparent, secure e-commerce environment that brings practical benefits to users and businesses.
The Ministry of Industry and Trade's data shows that Vietnam's e-commerce is maintaining strong growth, becoming one of the five fastest-growing markets in the world. The growth forecast for 2025 has been adjusted from 20% to 25.5%, with an average spending of about $600 per person per year on online shopping.
Alongside this, digital payments continue to explode, especially QR Code payments with a compound growth rate of 40%, and online payment methods increasing by over 100% annually.
However, "as digital payments become more common, electronic identification and authentication are mandatory to ensure safety for users and businesses," said Mr. Nguyen Huu Tuan, Director of the E-commerce Development and Digital Technology Center under the Ministry of Industry and Trade.
Many banks, financial institutions, online service providers, and airlines have coordinated with the center to deploy electronic identification and authentication services, he said.
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