E-commerce growth of Vietnam achieves 18pct in 2020

27-Jan-2021 Intellasia | SGGP News | 7:22 AM Print This Post

According to information from the E-commerce and Digital Economy Agency under the Ministry of Industry and Trade, last year, the Covid-19 pandemic caused difficulties to the global economy and disruption to production and business activities. However, it helped the e-commerce growth of Vietnam to reach 18 percent, with a scale of $11.8 billion.

Thanks to that, Vietnam is the only country in Southeast Asia posting double-digit e-commerce growth. Large corporations in the world, such as Google, Temasek, and Bain&Company, forecast that with a growth rate of 29 percent in the period 2020-2025, the scale of Vietnam’s digital economy will possibly exceed $52 billion and hold the third place in the Asean by 2025.



Category: Business, Vietnam

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