The average transaction volume across five major e-commerce platforms in Vietnam, including Shopee, TikTok Shop, Lazada, Tiki, and Sendo, reaches 25.3 trillion VND, equivalent to 1 billion USD, per month.

Vietnam’s e-commerce is projected to continue booming in 2023 and developing firmly in the following years, aided by a series of growth drivers such as the wave of digital transformation, consumers’ trust, technological infrastructure, and favourable mechanisms and policies issued by the Government.

Agricultural specialties of some provinces are being sold on the e-commerce platform Sendo, marking the first time cooperatives and farmers have directly put their produce on sale in the digital environment.

The engagement of Vietnamese e-commerce platforms in the consumption of farm produce, particularly lychees, is a sustainable move not only amid the COVID-19 pandemic but also for the future.

Lychees grown in the northern province of Bac Giang, which is being hit hard by the COVID-19 pandemic, will be put up for sale on major e-commerce platforms in the next three and four days.

Good signals have been seen in the sale of Thanh Ha “Thieu” lychee in the northern province of Hai Duong on e-commerce platforms, according to the provincial Department of Agriculture and Rural Development.

The Ministry of Finance has asked digital-based businesses and delivery service companies to provide information about e-commerce sellers using their platforms and services so they can be taxed.

The Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) and e-commerce platform Sendo.vn are helping businesses to sell farm produce online and promote digital transformation and the application of technology in trade activities.

Online shopping in the first quarter of this year has dropped compared to the same period last year, according to a research by iPrice Group.

Growing demand from e-commerce users is putting pressure on existing supply chains, facilities and warehouses.

The year-end online shopping frenzy has kicked off with giant local and foreign players like Lazada, Tiki, Sendo, and Shopee rolling out promotions since the middle of last month.

With the current rapid growth, revenues from e-commerce retail in Vietnam are likely to reach 15 billion USD in 2020, experts have said.

Vietnamese e-commerce floors have been bustle with many items serving buyers and sellers as the Tet (Lunar New Year) holiday is coming.

“Up your style” will be the greeting from Online Friday 2017 to customers nationwide, which is slated for September 29.

More and more retailers in the country are shaking hands with big e-commerce companies in order to widen their business activities while ensuring cost savings.