Vietnam anticipates a significant surge in its e-commerce and digital economy, fueling the nation’s economic development, as highlighted in the Vietnam Digital Industry and Trade Summit 2023 held in Hanoi on November 21. Organized by the Vietnam E-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, the summit focused on charting the trajectory for digital transformation and economic expansion.
Deputy Minister of Industry and Trade, Nguyen Sinh Nhat Tan, emphasized the need for new economic models and strategies, citing the Ministry’s proactive approach through various policies and strategies to propel digital transformation and nationwide e-commerce.
Key discussions at the summit revolved around accelerating the development of e-government and digital economy, with a specific emphasis on pivotal sectors such as energy, smart production, e-commerce, and logistics.
Dang Anh Dung, deputy general director of Lazada Vietnam, shared compelling statistics, revealing that 57 million Vietnamese engaged in online shopping last year, with Hanoi, Ho Chi Minh City, and Da Nang emerging as primary hubs. Notably, 43% of Generation Z consumers accessed shopping apps daily.
The summit featured a diverse agenda, including a plenary session, conferences, and an exhibition showcasing technologies and solutions for digital transformation, smart production, and e-commerce. Approximately 20 domestic and international businesses participated in the event.
A recent report by Google, Temasek, and Bain & Company highlighted Vietnam’s exceptional digital economy growth in Southeast Asia for 2022 and 2023, projecting the country to share the top position with the Philippines by 2025. The Gross Merchandise Value (GMV) is predicted to experience a Compound Annual Growth Rate (CAGR) of 20%, reaching nearly $45 billion in 2025, with e-commerce serving as a significant driver for the national digital economy’s growth in the coming years.
Top of Form
