Business

E-commerce revenue tops VND53 trillion in 2017

SGGP
E-commerce revenue topped VND53,870 billion (US$2.37 billion) in Ho Chi Minh City last year, increasing about 20 percent over 2016 and accounting for 5.9 percent of the total retail sales of goods and services.

Online shopping has more and more developed in Vietnam

Online shopping has more and more developed in Vietnam

That has recently been revealed by  Mr. Nguyen Nguyen Phuong, head of Commercial Management Division under the HCMC Department of Industry and Trade.

At present, there are 61,000 e-commerce websites operating stably according to Government Decree 52 including online sale websites.

Mr. Phuong said that the city’s e-commerce market has been expanding with many new models. Businesses have developed their websites professionally with versions for mobile devices such as smart phones and tablets.
Global information and measurement company Nielsen forecast that e-commerce sales of fast-moving consumer goods will top that of retail stores in the next five years.

By THUY THO – Translated by Hai Mien

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