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COVER STORY

Vietnam provides one of the most favorable
Vietnam provides one of the most favorable
Vietnam provides one of the most favorable

e-commerce

regulatory conditions in ASEAN for starting e-commerce. e.

regulatory conditions in ASEAN for starting e-commerce.
regulatory conditions in ASEAN for starting e-commerce.
It is a signatory to 13 free trade agreements (FTAs),
It is a signatory to 13 free trade agreements (FTAs),
It is a signatory to 13 free trade agreements (FTAs),
It is a signatory to 13 free trade agreements (FTAs),
It is a signatory to 13 free trade agreements (FTAs),
It is a signatory to 13 free trade agreements (FTAs),
It is a signatory to 13 free trade agreements (FTAs),
which allow the import and export of commodities
which allow the import and export of commodities
which allow the import and export of commodities
which allow the import and export of commodities
with reduced or zero customs tari s.
with reduced or zero customs tari s.
with reduced or zero customs tari s.
Vietnam’s digital economy may reach
Vietnam’s digital economy may reach
Vietnam’s digital economy may reach
$52 billion
$52 billio by 2025,
$52 billio
$52 billion
$52 billion by 2025, by 2025,
garnering the attention of major brand names such as
garnering the attention of major brand names such as
garnering the attention of major brand names such as
garnering the attention of major brand names such as
Goldman Sachs and JD.com.
Goldman Sachs and JD.com.
Goldman Sachs and JD.com.
of Vietnam’s
of Vietnam’s
By 2025, e-commerce may account for 10%y 2025, e-commerce may account for
B
By 2025, e-commerce may account for 10% of Vietnam’s
total retail sales. Online purchasing in Ho Chi Minh City
total retail sales. Online purchasing in Ho Chi Minh City
total retail sales. Online purchasing in Ho Chi Minh City
total retail sales. Online purchasing in Ho Chi Minh City
50%.
and Hanoi may reach 50%.
and Hanoi may reach 50%.
The national e-commerce development plan for the 2021-2025 period aims to
The national e-commerce development plan for the 2021-2025 period aims to
The national e-commerce development plan for the 2021-2025 period aims to
The national e-commerce development plan for the 2021-2025 period aims to
The national e-commerce development plan for the 2021-2025 period aims to
make e-commerce a pioneering sector of the digital economy, where advanced
make e-commerce a pioneering sector of the digital economy, where advanced
make e-commerce a pioneering sector of the digital economy, where advanced
make e-commerce a pioneering sector of the digital economy, where advanced
make e-commerce a pioneering sector of the digital economy, where advanced
technologies from Industry 4.0 are widely applied to increase the e ciency of
technologies from Industry 4.0 are widely applied to increase the e ciency of
technologies from Industry 4.0 are widely applied to increase the e ciency of
technologies from Industry 4.0 are widely applied to increase the e ciency of
technologies from Industry 4.0 are widely applied to increase the e ciency of
the business cycle, contributing to the modernization of the distribution
the business cycle, contributing to the modernization of the distribution
the business cycle, contributing to the modernization of the distribution
the business cycle, contributing to the modernization of the distribution
the business cycle, contributing to the modernization of the distribution

network, improving the competitiveness of enterprises, and promoting the
network, improving the competitiveness of enterprises, and promoting the
network, improving the competitiveness of enterprises, and promoting the
network, improving the competitiveness of enterprises, and promoting the
network, improving the competitiveness of enterprises, and promoting the

development of the domestic market and exports.
development of the domestic market and exports.
development of the domestic market and exports.
development of the domestic market and exports.
The Vietnamese Government has long-term and consistent policies to develop e-commerce,
The Vietnamese Government has long-term and consistent policies to develop e-commerce,
The Vietnamese Government has long-term and consistent policies to develop e-commerce,
The Vietnamese Government has long-term and consistent policies to develop e-commerce,
The Vietnamese Government has long-term and consistent policies to develop e-commerce,
The Vietnamese Government has long-term and consistent policies to develop e-commerce,
with master plans for each five-year period starting from 2006.
with master plans for each five-year period starting from 2006.
with master plans for each five-year period starting from 2006.
with master plans for each five-year period starting from 2006.
It is expected that the
Prime Ministerial Decision No.
It is expected that the
Prime Ministerial Decision No. Prime Ministerial Decision No. Decision No. 1563/QD-TTg on On May 15, 2020, It is expected that the
On May 15, 2020,
Decision No. 1563/QD-TTg on
On May 15, 2020,
Decision No. 1563/QD-TTg on
the government issued
the government issued
689/QD-TTg on May 11, 2014,
689/QD-TTg on May 11, 2014,
689/QD-TTg on May 11, 2014,
689/QD-TTg on May 11, 2014,
document will have a
document will have a
the government issued
the government issued
document will have a
document will have a
August 8, 2016, approving the
689/QD-TTg on May 11, 2014, August 8, 2016, approving the the government issued document will have a
August 8, 2016, approving the
August 8, 2016, approving the
August 8, 2016, approving the
approving the National
approving the National
E-commerce Development
E-commerce Development
Decision No. 645/QD-TTg,
approving the National E-commerce Development Decision No. 645/QD-TTg, major impact on the
Decision No. 645/QD-TTg,
major impact on the
major impact on the
development of Vietnam’s
development of Vietnam’s
Master Plan for the
E-commerce Development
approving the 2021-2025
E-commerce Development
Master Plan for the
approving the 2021-2025
E-commerce Development Master Plan for the approving the 2021-2025 development of Vietnam’s
National E-commerce
National E-commerce
e-commerce market,
e-commerce market,
Program for the 2014-2020 2016-2020 period. National E-commerce e-commerce market,
Program for the 2014-2020
Program for the 2014-2020
2016-2020 period.
2016-2020 period.
period. Development Master Plan, taking the country to
taking the country to
Development Master Plan,
Development Master Plan,
taking the country to
period.
second position in
second position in
which is considered an second position in
which is considered an
which is considered an
Southeast Asia by 2025
Southeast Asia by 2025
important policy document
important policy document
important policy document Southeast Asia by 2025
with comprehensive solutions
and possessing the
and possessing the
with comprehensive solutions
with comprehensive solutions and possessing the
greatest potential in the
and specific resources that
and specific resources that greatest potential in the
greatest potential in the
and specific resources that
will be a basis for the region.
will be a basis for the
will be a basis for the
region.
region.
implementation of many
implementation of many
implementation of many
e-commerce-related
e-commerce-related
e-commerce-related
activities over the next five
activities over the next five
activities over the next five
years.
years.
Source: Vietnam e-Commerce and Digital Economy Agency (Ministry of Industry and Trade), National E-Commerce Development Master Plan fo Vietnam e-Commerce and Digital Economy Agency (Ministry of Industry and Trade), National E-Commerce Development Master Plan fo Vietnam e-Commerce and Digital Economy Agency (Ministry of Industry and Trade), National E-Commerce Development Master Plan for the period 2021 – 2025, StatistaVietnam e-Commerce and Digital Eco
SEPTEMBER 2021 | VIETNAM ECONOMIC TIMES | 7