According to the Ministry of Industry and Trade, e-commerce in Vietnam will maintain a growth rate of 20% in 2022. It can be seen that over the past years, e-commerce has always maintained a growth rate of 16%-30%.
Vietnam's e-commerce always maintains a growth rate of 16%-30%
Speaking at the National Forum of E-commerce and Digital Economy of Industry and Trade in 2023 with the theme "Green and sustainable digital transformation of Industry and Trade", organized by the Ministry of Industry and Trade on the morning of November 21, 2023, Thursday Minister of Industry and Trade Nguyen Sinh Nhat Tan said that global economic growth is currently in a period of sharp decline due to tightening monetary policy, and the war in Ukraine continues to weigh on economic activities, seriously affecting to all economic and social aspects.
Global trade begins to decline from the fourth quarter of 2022, leading to global trade for the whole year 2022 increasing by only 2.7%. In that context, e-commerce and Vietnam's digital economy continue to be one of the bright spots in socio-economic development.
According to a report by Google, Temasek, and Bain & Company announced on November 1, Vietnam continues to be the country with the fastest digital economic growth rate in Southeast Asia for two consecutive years (2022 and 2023). ) and is forecast to continue to hold this position in 2025 (tied with the Philippines).
Vietnam's total merchandise value (GMV) is expected to achieve a compound annual growth rate of 20%, from 30 billion USD in 2023 to nearly 45 billion USD in 2025. In particular, GMV growth in 2 years The future of the digital economy in Vietnam will be led by the e-commerce sector.
According to data from the Ministry of Industry and Trade, Vietnamese e-commerce will maintain a growth rate of 20% in 2022. It can be seen that over the past years, e-commerce has always maintained a growth rate of 16% - 30%, expected to reach 20.5 billion USD this year.
According to the Deputy Minister of Industry and Trade, this is also the time for our country to build new models and strategies. From there, it helps restore businesses and expand markets after the difficult situation passes.
The goal is that by 2030, the contribution proportion of the digital economy will account for 20%-25%.
Information about the digital transformation of the Industry and Trade sector until 2030, Ms. Le Hoang Oanh, Director of the Department of E-Commerce and Digital Economy, said that the Ministry of Industry and Trade has moved from the e-government stage to the digital government stage. In particular, providing 236 online public services, accounting for 96.6% of the entire online process, the proportion of digital records accounts for more than 93% on the public service portal of the Ministry of Industry and Trade...
In particular, the Ministry of Industry and Trade is ranked first in online public services serving people and businesses.
Regarding the digital economy, the Ministry of Industry and Trade focuses on digital transformation in e-commerce, industry, and energy. The Ministry sets a goal that by 2030, the contribution of the digital economy will be 20%-25%, the increase in e-commerce retail sales will reach 20-25%, and the proportion of businesses accessing the ecosystem will reach 50%, 70% of industrial enterprises applied digital transformation. Typically, the energy industry has maximized and automated electronic networks, connected electricity meters, increased billing accuracy, identified network problems, and saved energy...
At the forum, to get specific initiatives and solutions to develop e-commerce and digital economy, and enhance the contribution of digital transformation to the development of the Industry and Trade industry in particular and the Vietnamese economy. In the current difficult context, Deputy Minister Nguyen Sinh Nhat Tan proposed to focus on sharing and discussing some of the following key contents:
Firstly, technology application trends in digital transformation in general and digital transformation of the Industry and Trade sector in particular; solutions to promote e-government, develop the digital economy of Industry and Trade in key areas such as energy, smart manufacturing, e-commerce, logistics...
Second, solutions to continue building a sustainable e-commerce market, narrowing the digital gap, and increasing regional connectivity...
Third, solutions to develop e-commerce and digital economy in the Industry and Trade sector in localities...
Within the framework of the National Forum of E-commerce and Digital Economy of Industry and Trade 2023, an exhibition of digital transformation technologies, solutions, smart manufacturing, and e-commerce applications of about 20 businesses took place. typical domestic and foreign industries, with over 1,000 delegates participating in the Forum's activities.
In addition, 2 workshops were held at the forum on the topics "New technology trends in the digital transformation of Industry and Trade" and "Sustainable e-commerce development" with the participation of a large number of experts. managers, businesses, experts.
(Tạp chí Kinh tế và Dự báo)