More than 41,500 businesses and individuals have registered for taxes on the recently-launched e-portal for e-commerce household businesses, with total contributions to the state budget exceeding VND258 billion (US$10.2 million), the Ministry of Finance (MoF) reported.

Vietnam is set to lead Southeast Asia’s e-commerce revolution, given that this industry potentially drives national economic transformation, according to the latest report published by IMARC Group, a market research provider, on December 1.

The revenue gap between the leading multi-industry e-commerce platforms in Vietnam is increasing.

VOV.VN - E-commerce sales in Vietnam are likely to surpass the US$30 billion mark by the end of 2024 thanks to local growing consumer trends that help drive up online sales via e-platforms, said delegates at a meeting in Ho Chi Minh City on July 29.

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.

VOV.VN - The Ministry of Industry and Trade will organise an annual e-commerce week later this month to promote e-commerce services and protect consumers’ rights in the Vietnamese market.

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.

A record high of US$1.35 billion was poured into Vietnamese startups last year, making the country among the most attractive destinations for startups in the region.

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.