Vietnam's retail e-commerce market is estimated to surpass US$25 billion in 2024, marking a 20% increase compared to the previous year, according to the Ministry of Industry and Trade.
An Australian tech and innovation delegation had working sessions in both Hanoi and Hai Phong as part of Austrade Vietnam’s Tech In-Market Immersion Program running from November 26 to November 28.
The Department of E-commerce and Digital Economy under the Ministry of Industry and Trade (MoIT) has announced that the 2024 E-commerce and Digital Economy Forum will take place on November 21 in Hanoi.
Vietnam's digital economy is maintaining double-digit growth, driven mainly by e-commerce and online travel, according to a report released recently by Google, Temasek, and Bain & Company.
With a high digital economic growth rate of about 20% per year, and the fastest rise in e-commerce in the ASEAN region, Vietnam is moving close to the position of top three biggest countries in the ASEAN region in terms of its digital economy.
Vietnam was the fastest growing digital economy in ASEAN in 2022 and 2023 and it is expected to maintain this position until 2025, with the number of smartphones users anticipated to reach 67.3 million by 2026, accounting for 96.9% Internet users.
