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Vietnam E-commerce Market Chasing 35 Billion USD Valuation by 2025

It is planned that by 2025, 55% of the population will participate in online shopping, and the value of online purchases of goods and services will reach an average of 600 USD per person per year. It is planned that B2C e-commerce sales (online shopping for both goods and services) increase 25% annually, reaching 35 billion USD, accounting for 10% of the total retail sales of consumer goods and services nationwide.

On May 15, 2020, Vietnam Deputy Prime Minister signed the Decision No.645, approving Vietnam’s E-commerce Development Master Plan for the 2021 – 2025 period [1]. The Master Plan aims to support and promote the widespread use of e-commerce among enterprises and society.

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