National Forum on E-commerce and Digital Economy of Industry and Trade Sector in 2023

Improving capacity to prevent, combat and handle violations in e-commerce 10 trends of e-commerce in 2023 and the coming years

Implementing the Government's policies and orientations on supporting Digital Transformation for production and business establishments; at the same time meeting the practical and urgent needs of enterprises in the Industry and Trade sector in applying e-commerce and implementing digital transformation, the Department of E-commerce and Digital Economy ( Ministry of Industry and Trade ) presided over and coordinated with relevant units to organize the National Forum on E-commerce and Digital Economy of Industry and Trade Sector 2023 (Vietnam Digital Industry and Trade Summit 2023).

Diễn đàn Quốc gia Thương mại điện tử và Kinh tế số ngành Công Thương năm 2023

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan speaks at the forum

Speaking at the forum, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said that global economic growth is currently in a period of sharp decline due to tight monetary policy, the war in Ukraine continues to weigh on economic activities, seriously affecting all economic and social aspects. Global trade began to decline from the fourth quarter of 2022, resulting in global trade increasing by only 2.7% in 2022.

"In the context of the world economy still facing many political uncertainties, persistent high inflation, tight monetary policies and unstable financial markets, the World Trade Organization forecasts that global trade in 2023 will increase by 1.7%, 1 percentage point lower than the previous year. Many industries and services with a high proportion of GDP have recorded negative growth in recent years, which has brought the growth rate of many industries and services down to a low level. Similarly, the Vietnamese economy has been facing many difficulties and challenges such as: a decline in orders, lack of product consumption markets, and exhaustion of capital sources" - Deputy Minister Nguyen Sinh Nhat Tan said.

In that context, e-commerce and Vietnam's digital economy continue to be one of the bright spots in socio-economic development.

According to a report by Google, Temasek and Bain & Company released on November 1, Vietnam continues to be the country with the fastest digital economic growth rate in Southeast Asia for two consecutive years (2022 and 2023) and is forecast to continue to hold this position in 2025 (tied with the Philippines). Vietnam's gross merchandise value (GMV) is expected to reach a compound annual growth rate (CAGR) of 20%, from 30 billion USD in 2023 to nearly 45 billion USD in 2025. In particular, GMV growth in the next 2 years of Vietnam's digital economy will be led by the e-commerce sector.

Delegates attending the forum

According to the statistical survey data of the Ministry of Industry and Trade, Vietnam's e-commerce will still maintain a growth rate of 20% in 2022. It can be seen that over the past years, Vietnam's e-commerce has always maintained a growth rate of 16-30%, expected to reach 20.5 billion USD this year.

Accordingly, Deputy Minister Nguyen Sinh Nhat Tan said that in 2023 and the following years, with the above strong growth momentum, the e-commerce market and Vietnam's digital economy will develop even more strongly and create momentum for economic development. This is also the time for our country to build new models and strategies. Thereby helping to restore businesses and expand the market after the difficult situation passes.

Also according to Deputy Minister Nguyen Sinh Nhat Tan, in recent years, the Ministry of Industry and Trade has issued many documents, policies, and strategies to promote digital transformation of the industry and trade sector, focusing on; strengthening the construction of the Ministry of Industry and Trade's e-Government; promoting the development of the industry and trade sector's digital economy; and developing e-commerce nationwide.

The forum attracted a large number of guests and delegates.

"Today's forum with 1 morning plenary session and 2 afternoon thematic workshops is an important event, connecting prestigious digital transformation solution providers; e-commerce platforms, digital transformation infrastructure solution providers, electronic payment support infrastructure, delivery logistics, and especially, the companionship of journalists and reporters from news agencies.

The Ministry of Industry and Trade expects the Forum on e-commerce and digital economy in the Industry and Trade sector to promote the role of connecting state management agencies, associations, organizations and enterprises in the field of digital transformation and e-commerce to propose policies and solutions to promote the development of e-commerce and digital economy in the Industry and Trade sector effectively and sustainably," Deputy Minister Nguyen Sinh Nhat Tan emphasized.

At the forum, in order to have specific initiatives and solutions to develop e-commerce and digital economy, enhance the contribution of digital transformation to the development of the Industry and Trade sector in particular and the Vietnamese economy in general in the current difficult context, Deputy Minister Nguyen Sinh Nhat Tan proposed to focus on sharing and discussing some key contents.

Firstly, trends in technology application in digital transformation in general and digital transformation of the industry and trade sector in particular; solutions to promote e-Government, develop digital economy of the industry and trade sector in key areas such as energy, smart manufacturing, e-commerce, logistics...

Second, solutions to continue building a sustainable e-commerce market, narrowing the digital gap, increasing regional connectivity...

Third, solutions for developing e-commerce and digital economy in the industry and trade sector in localities...

Within the framework of the National Forum on E-commerce and Digital Economy of Industry and Trade 2023, there will be an exhibition of technologies, digital transformation solutions, smart manufacturing, and e-commerce applications of about 20 typical domestic and foreign enterprises. It is expected that over 1,000 delegates will participate in the Forum's activities.

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