Entitled “Roaring 20s: The SEA Digital Decade”, the report states that the overall internet economy of Vietnam is expected to hit US$57 billion by 2025, a compound annual growth rate (CAGR) of 29%.

Vietnam has seen 8 million new digital consumers between the start of the Covid-19 pandemic and the first half of 2021.

In addition, Vietnam has seen 8 million new digital consumers between the start of the Covid-19 pandemic and the first half of 2021, with 55% of them coming from non-metro areas.

According to the report, digital consumption has become a way of life in Vietnam with 97% of new consumers still using the services and 99% intending to continue doing so going forward.

Meanwhile, about 30% of digital merchants believe they would not have survived the pandemic if not for digital platforms.

Moreover, digital financial services are becoming critical enablers with 99% of digital merchants now accepting digital payments and 72% having adopted digital lending solutions.

The report said that Vietnam remains a very attractive innovation hub with more incubators, accelerators and innovation labs than most other markets in the region and global capital continues to pour into the country due to its strong growth fundamentals and growing digital ecosystem.

Vietnam E-commerce White book 2021 released

The Vietnam E-commerce White book 2021 was recently released by the Vietnam E-Commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade.

Over 9,000 tonnes of farm produce consumed on e-commerce platforms

(BGO) – More than 9,000 tonnes of farm produce in the northern province of Bac Giang have been sold on e-commerce platforms including over 7,000 tonnes of lychee and various OCOP products of Ven village tea, Chu rice noodle, corn wine, herbal mushroom..., 1,000 fold increase comparing to the figure last year, said Tran Quang Tan, Director of the provincial Department of Industry and Trade (DoIT).

E-commerce platforms support farmers to consume OCOP products

(BGO) – Now the lychee season ends, some e-commerce platforms such as Sendo.vn, Voso.vn, Postmart.vn... continue supporting the farmers in Bac Giang province to sell various farm prodce. Most of the products are One Commune One Product (OCOP) like Chu rice noodle, Yen Dung fragrant rice, dried lychee, Son Dong wild honey...

E-commerce platforms to be connected with tax agencies from next year

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

Farm produce reach Europe via Vietnam’s e-commerce platform

Over three tonnes of Bac Giang lychees meeting GlobalGAP standard recently passed customs clearance at Frankfurt airport, Germany thanks to a transaction via the Vietnamese e-commerce platform Voso.

Source: NDO