Vietnam e-commerce in Top 10 fastest growing in the world

According to Aglobal - an e-commerce service provider, with a growth rate of more than 16% last year and a continued forecast of more than 20% growth this year, Vietnam is among the top 10 countries with the fastest e-commerce growth in the world .

In 2014, the proportion of e-commerce revenue in total retail sales of goods and consumer services nationwide was only 2.1%, a modest figure compared to total retail sales. However, over the years, this ratio has increased: 2.8% in 2015, 3.0% in 2016, 3.6% in 2017 and 4.2% in 2018. By 2019, this ratio reached 4.9%, showing that e-commerce is increasingly playing an important role in people's shopping and consumption activities, gradually reshaping traditional shopping habits.

Entering the period 2020 - 2024, especially in 2024, Vietnamese e-commerce has made spectacular breakthroughs, affirming its leading position not only in the region but also in the international arena.

The market size continues to skyrocket, from 11.8 billion USD in 2020 to surpass 25 billion USD in 2024. The growth rate remains high, with 18% in 2020, 16% in 2021, 20% in 2022, 25% in 2023 and expected to reach 30% in 2024.

Also in 2024, the proportion of e-commerce revenue in total retail sales of goods and consumer services nationwide will continue to grow strongly, reaching 9%.

The development of e-commerce is not only reflected in its scale, but also in its level of penetration into the overall economy , contributing up to two-thirds of the national digital economic value, turning this sector into the main driving force, leading the digital transformation process in businesses and the entire economy.

This affirms the great potential and attractiveness of the Vietnamese market to domestic and international investors and businesses, and puts Vietnam on par with other dynamic markets in the region and the world.

The development journey of Vietnam's e-commerce is a testament to the strong transformation of the country's digital economy. From impressive growth figures in market size and contribution to total retail sales, to its position among the fastest growing countries in the world, e-commerce has truly become an important driving force, leading Vietnam deeper into the digital age. With abundant potential and strong support from policies, Vietnam's e-commerce is expected to continue to break through and affirm its position more firmly on the global economic map.

vov.vn

Source: https://baolaocai.vn/thuong-mai-dien-tu-viet-nam-lot-top-10-tang-truong-nhanh-nhat-the-gioi-post880695.html