E-COMMERCE GROWTH TARGET REVISED UP TO 25.5%

E-commerce has emerged as a key driver of the economy - PHOTO: VNA

HCMC – The Ministry of Industry and Trade has raised the e-commerce growth target for 2025 to 25.5%, up from the initial projection of 20-22%, after the sector posted stronger-than-expected results in the first eight months of the year.

According to the ministry, e-commerce has emerged as a key driver of the economy, with growth accelerating 25-27% in January-August, exceeding earlier forecasts by three to seven percentage points.

The ministry has submitted a report to the Ministry of Finance outlining its revised growth scenario for industries and localities, part of the Government’s efforts to achieve 8.3-8.5% national economic growth in 2025, the Vietnam News Agency reported.

Under the updated scenario, e-commerce growth in the business-to-consumer (B2C) segment is now expected to reach 27.67% in the third quarter, up 5.67 percentage points from the previous plan.

The final quarter is forecast to see even sharper growth, with October projected at 32% versus the earlier estimate of 23%, November at 34% compared to 24%, and December peaking at 35%, up from 28%. This would bring the average growth rate for the fourth quarter to 33.67%, nearly eight percentage points higher than the initial forecast.

The ministry said the rapid expansion of e-commerce not only boosts the circulation of goods and services but also generates jobs in related sectors such as technology, logistics, transportation, and digital finance. This momentum is expected to help Vietnam move closer to its national economic growth goal for the year.

Source: The Saigon Times