Most Read Vietnam targets e-commerce turnover reaching $35 bln by 2025 HANOI, May 19 (Reuters) – Vietnam is aiming for double-digit annual growth in the turnover of e-commerce over the next five years, forecasting that sales in the sector could be worth $35 billion by 2025 in the Southeast Asian country.More than half of Vietnam’s 96 million people are set to shop online by 2025, according to the government’s e-commerce development strategy unveiled late on Monday.Online shopping in Vietnam has been boosted recently by movement restrictions related to the coronavirus outbreak, with online sales rising by up to 20% from the pre-pandemic period, according to state media reports.Each online shopper is expected to spend an average of $600 a year by 2025, the government’s strategy said, adding that online shopping should account for 10% of Vietnam’s total retail sales of goods and services by then.Turnover in e-commerce was valued at around $12 billion in 2019, according to media reports.($1 = 23,338 dong) (Reporting by Khanh Vu Editing by Ed Davies) 2020-05-19 05:27:47
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