E-commerce posting impressive growth

While many economic sectors continue to face a raft of difficulties from Covid-19, Vietnam’s e-commerce sector has recorded impressive revenue growth. According to the E-commerce White Book 2021, B2C e-commerce revenue has risen sharply over the last five years, reaching $11.8 billion in 2020, an increase of 18 per cent compared to 2019. The sector is forecast to post revenue of $29 billion in 2025, up 34 per cent against 2020. Vietnam has recorded strong growth in both the percentage of people using the internet and the number of consumers shopping online in recent years, as well as in the value of online shopping.