Vietnam strives to have over half of population shopping online by 2025
Vietnam is aiming to have 55 percent of its population shopping online by 2025, with average consumer spending rising to 600 USD per year, according to a master plan on e-commerce development for 2021-25 recently approved by Deputy Prime Minister Trinh Dinh Dung.
Hanoi (VNA) – ♚Vietnam is aiming to have 55 percentof its population shopping online by 2025, with average consumer spendingrising to 600 USD per year, according to a master plan on e-commercedevelopment for 2021-25 recently approved by Deputy Prime Minister Trinh DinhDung.
E-commerce is viewed among the pioneering sectors of thedigital economy which contributes to modernising the distribution system, raisingbusinesses’ competitiveness and fostering the domestic market and exports. Revenue in the business-to-consumer (B2C) sector isprojected to surge 25 percent per year to hit 35 billion USD, accounting for 10percent of the total retail sales and service revenues nationwide. Under the plan, cashless payments will reach 50 percent, ofwhich those made via third-party payment service providers will make up 80percent of the total. Economic zones and localities aside from Hanoi and Ho ChiMinh City are forecast to account for 50 percent of the value of the total B2Ctransactions across the country. Businesses in 50 percent of the communes and equivalent administrativeunits nationwide will be encouraged to provide online shopping services. Meanwhile, Vietnam also wants 80 percent of the e-commercewebsites to have online booking functions and 50 percent of the small- andmedium-sized enterprises operating on e-commerce platforms, including those onsocial media sites./.
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Staff at Lazada e-commerce platform (Photo: VNA) 
