Vietnam's E-commerce Sector Booms, MoIT Raises 2025 Growth Target to 25.5%
Vietnam's e-commerce sector is booming, with the Ministry of Industry and Trade (MoIT) revising its annual growth target for the B2C model to 25.5%. This reflects the industry's robust performance and its role in driving the country's economic growth.
The sector has already exceeded initial expectations. At the start of 2025, the industry aimed for 20-22% annual growth, but the actual growth in the first eight months was 25-27%. This strong performance continued into the third quarter, with growth rates of 25% in July and 28% in both August and September. This pushed the average growth for the quarter to 27.67%, surpassing the previous estimate by 5.67 percentage points.
Looking ahead, the MoIT projects growth rates of 32% for October, 34% for November, and 35% for December, with an average forecast of 33.67%. This steady growth is expected to contribute significantly to Vietnam's overall economic growth target of 8.3-8.5%.
E-commerce is proving to be a significant driver of Vietnam's economy, providing a strong buffer against external pressures on traditional sectors. With the MoIT's revised growth target of 25.5% for the B2C model, the industry is set to continue its robust performance, boosting trade, services, and job creation, and contributing to the country's overall growth goals.
