Home breadcru News breadcru Retail breadcru Vietnam's e-com revenue grows by 15% in 2022: VECOM

Vietnam's e-com revenue grows by 15% in 2022: VECOM

24 Dec '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Vietnam's e-commerce revenue this year witnessed a rise of about 15 per cent compared to last year and its market is projected to see a fast and stable double-digit growth rate during the 2016-2025 period, according to the Vietnam E-commerce Association (VECOM). The revenue growth last year was 16 per cent year on year at $13.7 billion, VECOM said.

Despite the economy being badly affected by the COVID-19 pandemic in 2020, the country’s e-commerce revenue grew by about 15 per cent to $13.2 billion over the 2019 figure.

However, many enterprises with quality goods and products still do not know how to use information technology and e-commerce and are not ready to opt for trade promotion on online platforms, according to a report in a Vietnamese media outlet.

Therefore, Ecommerce Expo 2022, a fair on conducting trade using e-commerce applications, is being organised by VECOM from December 16 to January 1 next year.

At the fair, online exhibitions are combined with traditional exhibitions to create opportunities for manufacturing and service enterprises in expanding their business activities.

ALCHEMPro News Desk (DS)

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!