The Vietnamese e-commerce market is forecast to continue to boom in 2021, with revenue surpassing last year's figure.

Vietnam’s e-commerce market is forecast to continue growing strongly in the time to come thanks to a big population with high rates of young people and internet users.

The e-commerce market in HCM City has developed significantly, with total online spending growth up by more than 12 percent annually since 2015, according to the municipal Department of Industry and Trade’s report on e-commerce development.

Vietnam’s e-commerce market is projected to grow at a compound annual growth rate (CAGR) of 16.3 percent from 9.4 billion USD last year to 17.3 billion USD in 2023, data analytics company GlobalData forecast.

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 VietNamNet Bridge – With the fastest growth of Internet users in Asia, Viet Nam has up to one-third of its population as potential customers of e-commerce. Therefore, many policies on e-commerce have been revised to be closer to reality.

 VietNamNet Bridge – To build a successful mobile website, choosing a suitable domain name is the first priority, said Luong Thi Thanh Huong, managing director of the Mat Bao Network joint-stock company at a seminar in Quang Ninh Province

 VietNamNet Bridge – Foreign-run online shops in the past have been less popular than Vietnamese-run ones, which understand local customers, but that trend is changing as more retailers invest in Vietnam.

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 VietNamNet Bridge – No enterprise has obtained the dominant position in the e-commerce market in Vietnam, which means that great opportunities are still awaiting new comers.