Vietnam’s e-commerce grows 25 percent a year

Vietnam’s e-commerce has grown quickly approximating 25 percent a year now, reported the Electronic Commerce and Information Technology Department under the Ministry of Industry and Trade.
 
According to the agency, the fast growth rate started from the fact that Vietnam is the leading nation in the world in the ratio of people in fond of technology products and smart phones hitting 90 percent.
 
Internet access time of urban citizens averages 24.7 hours a week, just lower than Singapore and much higher than other Asian nations.
 
Quick urbanization has been a potential factor for the development of e-commerce field.
 
In addition, mid income class in Vietnam has increased rapidly especially in HCMC and Hanoi, becoming potential segment which e-commerce businesses have targeted.
 
Mr. Phan Trong Le, representative of Vietnam Post Corporation, said that the postal industry’s output growth had been about 50 percent in recent years and forecast to progress stably in 2017. This showed that e-commerce transactions would continue growing strongly in the upcoming time.

By Minh Xuan – Translated by Hai Mien

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