Vietnam's e-commerce revenue to surpass 25 bln USD in 2025-Xinhua

Vietnam's e-commerce revenue to surpass 25 bln USD in 2025

Source: Xinhua

Editor: huaxia

2024-12-13 17:32:15

HANOI, Dec. 13 (Xinhua) -- Vietnam's e-commerce market is projected to surpass 25 billion U.S. dollars by 2025, Vietnam News cited the Ministry of Industry and Trade on Friday.

Vietnam's B2C e-commerce market has experienced growth of 18-20 percent in the first ten months of 2024, said the ministry.

A total of 116 foreign suppliers have registered, declared and paid taxes through the electronic portal for foreign suppliers, contributing to a total revenue of 19.8 trillion Vietnamese dong (779.4 million dollars).

Direct revenue from declarations via the portal this year in Vietnam has reached 8.7 trillion dong (342.4 million dollars), marking a 26 percent increase compared to the same period last year.