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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.

Fibre2Fashion News Desk (DS)

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