Vietnam is now being considered as the second largest market for e-commerce in the Southeast Asian region. However, a major part of this market is dominated by foreign investors.
Vietnam is now one of the fastest-growing countries in the e-commerce market in the region, with an average annual growth rate of about 30 percent from 2013 to 2018. But this is also a field where competition and elimination are extremely fierce, for many reasons.
The Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade coordinated with e-commerce platforms to close over 30,000 stores for increasing prices of products for the prevention of the Covid-19 outbreak, causing uncertainties in the market.