Viet Nam's online export value to reach VND145.2 trillion by 2028

14:37 | 19/12/2024 Trade Follow Ven.vn on

The value of Viet Nam's online exports are projected to reach VND 145.2 trillion by 2028.

At the workshop. Photo: Nhandan.vn

At the "Online Export Development" workshop jointly organized by the Viet Nam E-commerce Association (VECOM) and Access Partnership in Ha Noi on December 16, new insights into the country's e-commerce export potential were revealed.

The event highlighted the growing significance of e-commerce for Viet Nam's micro, small, and medium enterprises (MSMEs).

Access Partnership, an international research organization, presented their report "Online Export Opportunities in Viet Nam," sharing the latest findings on Vietnamese businesses' practices.

The research indicates that Viet Nam's B2C e-commerce export value reached VND86 trillion (approximately US$3.5 billion) in 2023 and is expected to grow 1.7 times to VND145.2 trillion (approximately US$5.8 billion) by 2028. Notably, MSMEs are projected to contribute 25 percent of this total value.

The workshop addressed both opportunities and challenges facing Vietnamese MSMEs in cross-border e-commerce.

Despite rapid sector growth, 95 percent of surveyed MSMEs reported significant difficulties in recruiting high-quality talent for cross-border e-commerce operations.

The same percentage of businesses cited insufficient understanding of foreign markets' e-commerce import regulations, expressing desire for more knowledge about import rules in key markets like the United States, Japan, and China.

High logistics costs, talent shortages, and limited knowledge of foreign markets remain major barriers deterring MSMEs from expanding their cross-border e-commerce investments.

VECOM representatives noted that Viet Nam is completing its initial phase of online exports, with 2025 being a pivotal year before entering a new "take-off" phase from 2026.

The Ministry of Industry and Trade is expediting the draft National E-commerce Development Master Plan for 2026-2030, which proposes online exports as a crucial component of e-commerce development, including specific goals, policies, and solutions to effectively support MSME online exports.

The ambitious online export targets, supported by coordinated government oversight, aim to motivate domestic MSMEs to invest and develop into global brands./.

Source: VGP

See more news

E-commerce race heats up with new player entering arena

11:36 | 19/12/2024 Trade

A new commercial platform, nongsan.buudien.vn, has made its official debut.

Bac Ninh Province promotes farm produce sales through e-commerce platforms

16:24 | 18/12/2024 Trade

(VEN) - As one of the localities with many large-scale specialized agricultural production areas, Bac Ninh Province has made significant efforts to sell its products through e-commerce platforms.

Thailand is Vietnam’s largest trading partner in ASEAN

09:09 | 18/12/2024 Trade

Thailand has maintained its position as Vietnam’s largest trading partner in ASEAN due to burgeoning trade, economic and investment activities between the two countries in recent times.

Vietnam’s tuna exports exceed US$900 million in 11 months

15:26 | 17/12/2024 Trade

(VEN) - According to the Vietnam Association of Seafood Exporters and Producers, in the first 11 months of 2024, Vietnam exported US$903 million worth of tuna, a year-on-year increase of 17 percent.

Agro-forestry-fisheries exports top 62 billion USD in 2024

09:19 | 17/12/2024 Trade

Vietnam’s agro-forestry-fisheries exports are projected to reach over 62 billion USD in 2024, and continue to grow next year, heard at a conference in Ho Chi Minh City on December 16.

Vietnam’s e-commerce boom: a 5.8 bln USD opportunity by 2028

09:06 | 17/12/2024 Trade

Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at 145.2 trillion VND (5.8 billion USD) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.

Vietnam’s pangasius exports reach US$1.8 billion in 11 months

09:00 | 17/12/2024 Trade

(VEN) - According to data from the Vietnam Customs, pangasius export revenue in November 2024 reached US$179 million, a 16 percent increase compared to November 2023. The cumulative pangasius export value for 11 months of 2024 totaled US$1.8 billion, up 10 percent year on year.

Maintaining stability in Vietnam’s real estate market

17:01 | 16/12/2024 Trade

Vietnam’s real estate market is currently showing positive recovery after a difficult period, thanks to economic stability and government support policies.

CPTPP, UKVFTA to boost UK - Vietnam trade relations

16:53 | 14/12/2024 Trade

Together with the UK - Vietnam Free Trade Agreement (UKVFTA), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will create new opportunities for companies and consumers in the UK and Vietnam, affirmed British Ambassador to Vietnam Iain Frew.

Total retail sales of goods, services in 11 months up 8.8%

11:48 | 14/12/2024 Trade

Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.8% to more than VND5.8 quadrillion (US$228.4 billion) in January – November, according to the General Statistics Office (GSO).

Latest Most Read

Top three agro-forestry-fishery suppliers of Vietnam in 11 months

17:36 | 19/12/2024 Trade

(VEN) - In the first 11 months of 2024, China, Brazil, and the US were three largest suppliers of agro-forestry-fishery products for Vietnam.

Five businesses fined over VND2 billion for violating competition laws

17:23 | 19/12/2024 Economy

(VEN) - Based on the investigation of competition law violations in 2024, the National Competition Commission (NCC) has decided to impose fines totaling over VND2 billion on five businesses.

Vietnam among Asia’s 15 largest economies

17:23 | 19/12/2024 Economy

The statistical visualisation platform Seasia Stats recently ranked Vietnam among the top 15 economies in Asia, with projected economic output reaching some 506 billion USD in 2025.

The Era of Advancement for Vietnam Industrial Park

17:15 | 19/12/2024 Industry

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.

Party Central Committee's Office asked to be model in all works

17:13 | 19/12/2024 News and Events

Party General Secretary To Lam on December 19 asked the Party Central Committee's Office to strictly uphold regulations and procedures, ensuring the protection of state secrets, and preventing corruption, wastefulness, and other negative phenomena in every agency and unit, becoming an exemplary agency of the Party in all areas.

Total retail sales of goods, services in 11 months up 8.8%

11:48 | 14/12/2024 Trade

Vietnam, Australia boost cooperation in personnel training, policy research

12:50 | 14/12/2024 Cooperation

President of the Ho Chi Minh National Academy of Politics (HCMA) Nguyen Xuan Thang highly valued contributions made by out-going Australian Ambassador to Vietnam Andrew Goledzinowski to promoting the Comprehensive Strategic Partnership between the two countries while receiving the diplomat in Hanoi on December 12.

Vietnamese fisheries sector navigating headwinds in US market

12:49 | 14/12/2024 Economy

Vietnam's fisheries exporters stand at a critical juncture in the US market, facing a complex landscape of potential opportunities and significant challenges in the coming years.

Thai Binh enjoys another successful year in FDI attraction

12:54 | 14/12/2024 Economy

Foreign direct investment (FDI) inflows in the northern province of Thai Binh have exceeded 1 billion USD for the second consecutive year in 2024, according to local authorities.

Aerospace factory opens in Da Nang

12:59 | 14/12/2024 Economy

The KP Aerospace Vietnam company from the Republic of Korea (RoK) officially opened a factory at the Da Nang Hi-Tech Park after 10 months of construction, marking the second aerospace industry project in the city.

Multimedia

Video Longform Infographic Photo

Total FDI registered in Vietnam hits 31.4 billion USD in January-November

09:02 | 17/12/2024 Infographic

As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.

First 11 months of 2024: Import-export turnover increases 15.4%

10:55 | 16/12/2024 Infographic

In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.

11-month agro-forestry-fishery exports exceed yearly target

19:55 | 15/12/2024 Infographic

Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

Quang Trach – Pho Noi 500kV circuit-3 power transmission line: Miracle in infrastructure development

09:05 | 12/12/2024 Infographic

Quang Trach – Pho Noi 500kV circuit-3 power transmission line is a key project with a total investment of nearly 880 million USD. Spanning 9 provinces, the 519-km power transmission line plays an important role in enhancing the operational stability for the electricity supply system in the north in 2024 and following years, contributing to ensuring the national energy security.

Policy

Resolution on construction of North-South high-speed railway issued

11:42 | 19/12/2024 Policy

National Assembly Chairman Tran Thanh Man recently issued a resolution on the investment policy for the North-South high-speed rail project.

PM requests no one be left behind in apparatus restructuring

09:16 | 18/12/2024 Policy

Prime Minister Pham Minh Chinh on December 17 requested the development of regimes and policies to ensure the legal and legitimate rights and interests of officials, civil servants, public employees, and labourers in the restructuring of the organisational apparatus, with no one left behind.

PM urges combating group interest during apparatus restructuring

10:47 | 13/12/2024 Policy

Prime Minister Pham Minh Chinh on December 12 highlighted the need to counteract group interests and personal gains during the restructuring process of the organisational apparatus, and develop appropriate policies to safeguard officials and public servants’ legitimate rights and interests.

Vietnam viewed as a priority in India's Act East policy

15:20 | 12/12/2024 Policy

The Secretary (East) at the Indian Ministry of External Affairs has highlighted Vietnam as one of the first countries with which India has engaged in a multi-dimensional manner as part of the South Asian nation’s Act East policy.

Industry & Trade

The Era of Advancement for Vietnam Industrial Park

17:15 | 19/12/2024 Industry

(VEN) - The Vietnam Industrial Park Forum 2024, themed “The Era of Advancement for Vietnam Industrial Park”, is officially held in Ho Chi Minh City.

Vietnamese coffee sector working to meet EU Deforestation Regulation

16:38 | 18/12/2024 Industry

The Vietnamese Ministry of Agriculture and Rural Development (MARD) and the Sustainable Trade Initiative (IDH) organisation of the Netherlands on December 17 co-organised the handover ceremony of the pilot results for the database system for forests and coffee-growing areas in compliance with the EU Deforestation Regulation (EUDR).

Construction industry expands at the highest rate since 2020: ministry

09:38 | 18/12/2024 Industry

The construction industry is estimated to expand at around 7.8- 8.2% this year, the highest rate since 2020, according to a Ministry of Construction report.

Viet Nam's semiconductor industry revenue estimated at over US$18 billion in 2024

15:47 | 17/12/2024 Industry

Viet Nam's semiconductor industry revenue is estimated at US$18.23 billion in 2024, a year-on-year increase of 11.5 percent, according to Minister of Information and Communication Nguyen Manh Hung.

Investment

Boeing aims to expand investment and cooperation in Vietnam’s defense sector

17:00 | 19/12/2024 Investment

Mr. Dale McDowall, Executive Leader, Defense and Aerospace, Singapore and Southeast Asia at Boeing's Defense, Space & Security, announced that Boeing aims to invest in Vietnam and expand cooperation in the defense sector.

Can Tho attracts non-state investment

10:21 | 17/12/2024 Investment

Can Tho has been planned as a nuclear urban centre of the Mekong Delta region and received central government attention after the National Assembly issued a resolution on piloting special mechanisms for Can Tho’s development.

FDI remains vital contributor to boost economic growth

09:06 | 13/12/2024 Investment

Foreign direct investment (FDI) remains one of the most vital drivers of national economic growth, recording remarkable results in 2024.

Total investment for Bien Hoa - Vung Tau expressway project to increase by VND6.3 trillion

14:54 | 12/12/2024 Investment

(VEN) - The total investment of Bien Hoa - Vung Tau expressway project is expected to increase by nearly VND6.3 trillion compared to the initial estimate approved by the National Assembly.

Finance-Banking

Vietcombank named most valuable brand in Vietnam

16:43 | 18/12/2024 Finance-Banking

The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has become the most valuable brand in Vietnam in 2024, according to a recently released report of Forbes Vietnam.

Many banks increase deposit interest rates in year-end period

16:56 | 16/12/2024 Finance-Banking

In the year-end period, savings interest rates have become a focal point, with many banks adjusting their offerings, showing clear divergence.

Deputy PM urges extra efforts to remove Vietnam from money laundering grey list

15:16 | 13/12/2024 Finance-Banking

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Realty stocks see signs of recovery

15:07 | 10/12/2024 Finance-Banking

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.

Environment

Vietnam likely to face continued turbulent weather systems in 2025

14:26 | 19/12/2024 Environment

Global temperatures are expected to rise next year, posing a significant risk of extreme and prolonged heat waves in Vietnam, Mai Van Khiem, Director of the National Centre for Hydro-Meteorological Forecasting (NCHMF), has predicted.

Nature-based projects help Mekong Delta fight climate change

16:31 | 18/12/2024 Environment

Nature-based projects implemented by the World Wildlife Fund (WWF) Vietnam in the Mekong Delta region have helped support local residents to adapt to climate change, heard at a workshop which is part of The Mekong Connect Forum 2024 held in Mekong Delta province of An Giang on December 17.

11 rare monkeys released back into wild in Nghe An

09:27 | 18/12/2024 Environment

Eleven rare monkeys were released into the Pu Huong Nature Reserve in the central province of Nghe An on December 17.

Master Plan on Sustainable Exploitation and Use of Coastal Resources announced

11:26 | 16/12/2024 Environment

(VEN) - The Master Plan on Sustainable Exploitation and Use of Coastal Resources for the 2021-2030 period, with a vision to 2050, was announced by the Ministry of Natural Resources and Environment on December 15 at a conference in Khanh Hoa Province.

Science - Technology

Two VNA newspapers rated "excellent" in digital transformation maturity

14:29 | 17/12/2024 Science - Technology

Two newspapers of the Vietnam News Agency - VietnamPlus and Tin tuc (News) - are among the 28 press agencies in Vietnam rated “excellent” in digital transformation maturity by the Authority of Press under the Ministry of Information and Communications.

Russia’s autonomous area wants to boost IT cooperation with Vietnam

15:00 | 16/12/2024 Science - Technology

Pavel Tsiporin, Deputy Governor of Russia’s Khanty-Mansiysk Autonomous Area – Ugra, has expressed his hope for cooperation with ASEAN member states, including Vietnam, in information technology (IT).

Tokyo forum provides youngsters with insights into IT career

14:55 | 16/12/2024 Science - Technology

The Vietnamese Professionals in Japan (VPJ) held the VPJ Career Forum 2024 in Tokyo on December 14, which gathered more than 100 young Vietnamese intellectuals and featured five leading experts in the field of information technology (IT), aiming to give valuable insights to youngsters to better shape their career prospects.

NVIDIA deal – catalyst for Vietnam’s tech growth: investment site

09:48 | 13/12/2024 Science - Technology

Vietnam’s partnership with US tech giant NVIDIA has reflected the Southeast Asia country’s proactive technology development strategy as well as its significant economic potential, according to Vietnam-briefing.com, an investment site of legal tax and operational advisory provider Dezan Shira & Associate.

Society

HCMC - Trung Luong - My Thuan Expressway to be expanded

15:46 | 18/12/2024 Society

(VEN) - On the afternoon of December 17, the Government Office issued Notice No. 558/TB-VPCP, concluding the remarks of Deputy Prime Minister Tran Hong Ha at a meeting on the investment project to expand the Ho Chi Minh City (HCMC) - Trung Luong - My Thuan Expressway.

Metro line 1 begins commercial operations this weekend

10:45 | 18/12/2024 Society

The Metro Line 1 (Ben Thanh - Suoi Tien) in Ho Chi Minh City will start commercial operations on December 22, 2024, while its official inauguration has been postponed to after the 2025 lunar New Year (Tet) holiday.

Six hospitals to be upgraded to meet international standards

09:53 | 18/12/2024 Society

Six hospitals will be prioritised for investment and upgrades to meet international standards, part of the Government's decision approving the implementation of the master plan for the healthcare network for the period of 2021-2030, with a vision to 2050.

Directive issued to ensure merry Tet for all

09:30 | 18/12/2024 Society

The Party Central Committee’s Secretariat has issued a directive on the organisation of the Lunar New Year (Tet) to ensure safe, healthy, and economical celebrations of the New Year, creating new momentum for realising the tasks for 2025.

Vietnamese Brands

Hanoi promotes key industrial products

12:57 | 15/12/2024 Vietnamese Brands

Thirty-six products from 25 businesses were selected and recognised as Hanoi’s key industrial products for 2024.

Building a strong brand for Ha Giang’s thick-skinned orange

14:31 | 12/12/2024 Vietnamese Brands

(VEN) - With high nutritional value good for health, the thick-skinned orange has become well-known as a specialty of Ha Giang Province.

2024 Vietnam Business Day opens shop in Japan

14:49 | 04/12/2024 Vietnamese Brands

The Vietnam Business Association in Japan (VJBA) on December 3 held the 2024 Vietnam Business Day with the theme “Shared Vision, Shared Success".

Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan

14:55 | 02/12/2024 Vietnamese Brands

Under the theme 'Việt Nam’s OCOP Products: Gathering Values, Spreading Culture', Việt Nam’s pavilion spans 200 square metres.

Culture

Legendary band Boney M to thrill Vietnamese audiences this Christmas

14:49 | 17/12/2024 Culture

World renowned disco band Boney M are set to enliven the Central Highland province of Lam Dong alongside celebrated singers and bands from the 1970s and 1980s, including Joy and Samantha Fox, during the Da Lat spring concert which will be held on December 21.

Ten prominent cultural, sports, tourism events in 2024 announced

14:39 | 17/12/2024 Culture

The Ministry of Culture, Sports, and Tourism on December 16 announced the top 10 cultural, sports, and tourism events for 2024 based on both direct and online voting.

Argentine culture moves closer to Vietnam with Tango dance

15:15 | 16/12/2024 Culture

(VEN) - The Tango dance from Argentina is sometimes lively, sometimes gentle, with sophisticated melody and lyrics, is getting closer to the Vietnamese people who love the Argentine culture.

Music night honours friendship of Vietnam, Latin American countries

15:04 | 16/12/2024 Culture

The 12th Latin American Music Night took place in Hanoi on December 15, showcasing vibrant Latin music and culture.

Tourism

Vietnam among top 3 destinations appealing to Australians

14:34 | 17/12/2024 Tourism

Australians are continuing to travel in record numbers with the latest data revealing Vietnam as one of the three top-growth destinations, according to the Singapore-based asianaviation.com on December 16.

Ha Long Bay celebrates 30 years as a world heritage site

15:16 | 16/12/2024 Tourism

Ha Long Bay, a breathtaking gem of Vietnam, was recognised as a World Natural Heritage site three decades ago, on December 17, 1994. This 30-year milestone not only marks a moment of pride for Vietnam but also underscores the immense responsibility that comes with safeguarding such a natural treasure.

“Biet dong Sai Gon - Legendary Tunnels" tour launched

15:10 | 16/12/2024 Tourism

The People’s Committee of District 10 in Ho Chi Minh City and the Chim Canh Cut Travel Service Joint Stock Company on December 14 launched an inter-district tourist tour named "Biet dong Sai Gon - Nhung can ham huyen thoai" (Saigon Special Forces - Legendary Tunnels."

Cao Bang promotes UNESCO-recognised global geopark

13:11 | 15/12/2024 Tourism

The northern mountainous province of Cao Bang has made significant efforts to preserve the heritage values of its Non nuoc Cao Bang UNESCO Global Geopark, aiming to foster sustainable tourism development.

Viet Nam's online export value to reach VND145.2 trillion by 2028

See also

See more news

Multimedia