Vietnam e-commerce revenue estimated at $52 billion by 2025
Revenue from online shopping accounts for 5.5% of the country’s total merchandise retail and service industries, according to the Ministry of Industry and Trade.
Revenue from online shopping accounts for 5.5% of the country’s total merchandise retail and service industries, according to the Ministry of Industry and Trade.
E-commerce has been a spotlight of the Vietnamese economy with an average growth rate of 14% in the first three quarters of this year.
E-invoicing helps businesses save a significant chunk of expenses related to paper invoices, including printing, storing, and administrative procedure compliance cost.
During the first four months of 2020, 57% of firms operating in the e-commerce market reported a 30% year-on-year decline in revenue.
The average spending on online shopping of Vietnamese people has increased by 31% in 1H compared to 1H 2019.
Transaction values via smartphones increased by 177% in the first half of 2020.
Using e-invoices would help contribute to the development of e-commerce, and keep a healthy and fair business environment, stated a senior tax official.
Online shopping revenue accounted for 4.9% of total retail sales of goods and services in 2019.
Garments and household appliances are out of the top purchase list of Vietnamese consumers in the rest of the year.
The merger will make the race in the e-commerce market more exciting.