Vietnam e-commerce market expanded 15% last year to 13 billion USD, the only country in Southeast Asia to record double-digit growth in the sector, according to a survey by the Vietnam E-Commerce Association.
Nguyen Binh Minh, a member of the Executive Committee of the Association, said that 90% of the 5,000 surveyed businesses are non-state enterprises and that the rest are state-owned and foreign-invested enterprises which focus on wholesale and retail business.
He said Hanoi and Ho Chi Minh city are boosting their e-commerce development while other localities are taking their first steps. E-commerce is believed to help localities overcome difficulties quickly, especially those favoring the agriculture sector, Minh added.