The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than VND71 trillion (US$2.79 billion), an increase of 79% over the same period last year, according to a recent report by Metric.
Sustainable eCommerce will connect individual shopping behaviors towards long-term shopping trends including search, selection, purchase, payment and exchange.
Vietnam’s e-commerce is projected to continue booming in 2023 and developing firmly in the following years, aided by a series of growth drivers such as the wave of digital transformation, consumers’ trust, technological infrastructure, and favourable mechanisms and policies issued by the Government.
VOV.VN - Vietnam and Thailand should increase cooperation in distributing goods on online retail systems, suggested Deputy Prime Minister cum Minister of Commerce of Thailand Jurin Laksanawisith.
Major e-commerce marketplaces have rolled out programmes to boost sales of Tet goods until the end of January 31 as the largest and longest festival of Vietnamese people is approaching.
Online shopping will still be booming this year, even if the COVID-19 pandemic is over, experts have said.
VOV.VN - Many production, business, and service sectors based in Ho Chi Minh City have witnessed a sharp drop in revenue due to the negative impact of the COVID-19 pandemic, although e-commerce remains a bright spot after recording strong growth, with this trend expected to continue moving forward.
Vietnam’s e-commerce sector is looking back on a year full of booming business, fuelled not only by increasing demand but also by technological innovations that foster more interaction between buyers and sellers.
E-commerce platforms have launched sale promotion programs for Single’s Day November 11, the biggest shopping event of the year, promising big sales on millions of items.
VOV.VN -The nation is witnessing strong development in information technology and telecommunications (ICT), whilst it is also devising a strategy to grow further.