The Viet Nam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade set a goal to get 30% of Vietnamese people shopping online by 2020.

It also aims to bring annual e-commerce sales to an average of 350 USD per person.

In order to boost online consumers’ and businesses’ confidence, VECITA is improving legal frameworks for e-payments and logistics services, as well as developing corresponding application solutions, said Tran Huu Linh, head of VECITA.

Illustration photo. (Source: Internet))

Linh said current legal frameworks and infrastructure do not meet rising demand for e-commerce growth, adding that the revenue from the field is estimated to reach 4 billion USD in 2015.

Currently, the Ministry of Industry and Trade is collecting suggestions for a draft plan for e-commerce development by 2020. It aims to get approximately 60 %of businesses onto the internet, regularly updating information to introduce and sell products, with 80 %of businesses taking orders online.

Additionally, all supermarkets and commercial centres will install point-of-sale (POS ) devices allowing consumers using cards instead of cash.

(Source: VNA)