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There has been a boom in online trading in the major cities of Vietnam, including Hanoi.

The move is aimed at promoting the development of the domestic market.

Hanoi will open a VND10 billion (nearly US$400,000) live streaming center this July to help businesses sell their products online.

The capital has made great strides in driving the digital transformation process.

The finance ministry now manages 144 million e-commerce accounts, including 10 million for organizations and 134 million for individuals

The explosion of e-commerce has brought with it counterfeit goods and intellectual property infringements, as well as the need to protect consumer rights.

The program is designed to enhance the cross-border e-commerce capabilities of leading export-oriented industries in partnership with key industry associations.

The Hanoi Tax Department has a plan for inspections and audits on e-commerce in 2024, with more than 2,300 organizations and individuals as targets.

E-commerce has gradually changed the shopping habits of Vietnamese people to keep up with the modern consumer trends worldwide.

Vietnam is recognized as one of the top 10 countries in the world with the highest e-commerce growth rates, leading Southeast Asia.

The Vietnamese e-commerce market has established a supplementary service system to support transactions, marketing, online communication, and delivery services.

The city's agricultural sector is working closely with the Hanoi Department of Industry and Trade, localities, and training institutions to provide digital technology training for cooperatives.

Investing in building a strong brand presence and enhancing digital marketing skills are essential investments that can propel businesses forward in the digital transformation era.

Each year, the Hanoi Market Surveillance Department adopts periodic and thematic inspection plans to strengthen control and response to e-commerce violations.

By 2026, cross-border retail sales of goods in Vietnam are projected to reach VND256.1 trillion (US$10.9 billion).

MSMEs in Vietnam are poised to reap significant benefits from the rapid growth of the e-commerce sector.