The government recently promulgated a masterplan on e-commerce development in Vietnam for the 2021-2025 period. Could you offer more details on what the plan means for the current development of e-commerce? Dang Hoang Hai, director of the Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade The national e-commerce master plan serves as a macro-oriented policy document and acts as a compass for future advancement that has to be closely linked with strategies and policies on participating in Industry 4.0. Under that, it set targets for e-commerce that 55 per cent of the population will do online shopping by 2025, with average consumer spending rising to $600 by 2025, from $200 in 2018. Besides enhancing Vietnam e-commerce's scale with desired targets, it added targets for infrastructure of ancillary services, the application of e-commerce in enterprises, a human resources development plan, and e-commerce development among economic regions. Along with targets are general solutions, requiring cooperation with related ministries, authorities, and provinces nationwide to develop all aspects of e-commerce and support services. Under the masterplan, it sets a non-cash payment target to reach 50 per cent, in which payment made through intermediary service providers will hit 80 per… Read full this story
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