According to experts, the operation of online stores on cross-border e-commerce platforms has helped firms improve their revenues.
Given a number of sectors of Vietnam, such as agriculture and food and beverage, have achieved record-breaking export figures, they believed that global e-commerce can help Vietnamese small and medium enterprises increase their production scale, and effectively exploit international markets towards further expanding their exports.
Amazon Global Selling’s report showed that Vietnam’s retail revenue from cross-border goods reached 3.4 billion USD in 2022, and can hit 10.6 billion USD by 2026.
According to a report on the Vietnam E-Business Index 2023 conducted by the Vietnam E-commerce Association, Vietnam's e-commerce market is expected to grow by 25% by the end of 2023.
The booming e-commerce sector in 2023, and development in the subsequent years is aided by a series of growth drivers, such as the wave of digital transformation, consumers' trust, technological infrastructure, and favorable mechanisms and policies issued by the Vietnamese Government./.
