Vietnam e-commerce targets 30% annual growth

The plan is built on the spirit of e-commerce is a pioneering sector of the digital economy , playing a key role in transforming the growth model, enhancing competitiveness and promoting sustainable development.

Accordingly, the perspective of e-commerce development in the coming period is placed in an organic relationship with the country's key strategies and programs such as the Digital Transformation Program, the Digital Economy Development Strategy, Digital Society, and Industry and Trade projects. The overarching goal is to optimize the entire value chain from production to consumption through technological solutions, ensuring a balance between economic growth, social equity, and environmental protection.

One of the important highlights is the requirement to organize the space for e-commerce development in a synchronous and effective manner nationwide, while promoting regional and international linkages to mobilize and effectively utilize resources. The State plays a role in creating and building institutions and infrastructure; businesses and consumers are identified as the main forces in sustainable e-commerce development.

The Plan also emphasizes the role of the political system and authorities at all levels in implementation. At the same time, this is considered the basis for localities to develop e-commerce development plans suitable to practical conditions. Regarding the general goal, the Plan aims to enhance the value and competitiveness of Vietnam's e-commerce, continuing to maintain its position in the group of countries with the fastest e-commerce development in the region and the world.

Along with that is the goal of promoting the consumption of Vietnamese products through e-commerce both domestically and internationally; narrowing the gap in e-commerce development between localities; developing e-commerce in a green, circular direction, contributing to building a fair and sustainable society. Specifically, regarding the competitive environment, the goal is for 70% of the adult population to participate in online shopping; e-commerce retail sales to grow by 20-30% per year, accounting for 20% of total national retail sales of goods; reducing the rate of websites violating consumer rights to 5-10%.

Regarding business capacity enhancement, strive for 70% of businesses to apply e-commerce, 100% of transactions to have electronic invoices, 80% of non-cash payment transactions, and 60% of small and medium enterprises to operate on e-commerce platforms. In addition, the Plan also clearly identifies the requirement for even development between regions. The proportion of e-commerce transactions between businesses and consumers (B2C) outside Hanoi and Ho Chi Minh City reaches 50%; 60% of communes and equivalent administrative units have online merchants; take advantage of each region to develop regional linkages in e-commerce.

Notably, the green and sustainable development factor is included as a pillar with specific targets: Reducing the rate of plastic packaging to a maximum of 45%, increasing the rate of recycled packaging to 50%, at least 40% of businesses using clean energy in e-commerce logistics and 50% of businesses applying green packaging standards.

Regarding human resource development, the target is for 60% of universities and vocational training institutions to train in e-commerce-related fields, and for 1 million people to participate in e-commerce application skills training courses, including businesses, individuals and government officials.

In particular, the Master Plan also sets out 6 key tasks and solutions to realize the set goals. Specifically, focusing on building and perfecting institutions, including mechanisms and policies for state management and developing the e-commerce market. At the same time, perfecting infrastructure for sustainable development, including digital infrastructure, logistics infrastructure and cashless payment systems. Building core platforms and systems to serve both state management and a green, sustainable e-commerce market.

Furthermore, promote regional connectivity, exploit the advantages of raw material regions, production, logistics and human resources for e-commerce. Improve the capacity of e-commerce application in the business community, business households and people. Finally, expand international cooperation to access advanced standards, modern technology and international markets.

According to Ministry of Industry and Trade, e-commerce is a pioneering field of the digital economy. E-commerce development focuses on sustainable development, aiming to optimize the process from production, business to consumer experience with solutions that have a positive impact and balance between the three factors of economic development, social equity and environmental protection. Of these, businesses and consumers are the main forces in sustainable e-commerce development, the state has a role in management, infrastructure construction, and creating conditions for the sustainable development of e-commerce.

Source: https://baoquangninh.vn/thuong-mai-dien-tu-viet-nam-dat-muc-tieu-tang-truong-30-moi-nam-3362044.html