Vietnam’s e-commerce market to hit 13 billion USD by 2020

Vietnam's e-commerce market is expected to hit 13 billion USD next year if its growth rate of 2019 and 2020 continues at 30%, Vietnam E-commerce Association (VECOM) told a press conference on the upcoming the Vietnam Online Business Forum 2019 in Hanoi on Tuesday.

VECOM said 2018 witnessed strong growth of online business with the growth rate over 30% compared to the previous year, with the market totalling 7.8 billion USD. The association said developing Vietnam's e-commerce sustainably requires a favorable ecosystem and environment, and an advanced IT and telecommunication infrastructure to facilitate people's access to the internet via mobile devices.

The Vietnam Online Business Forum (VOBF) 2019 will take place in Da Nang city on March 15, Hanoi on March 26, and HCM city on March 28.

Source: VOV5