Vietnamese Industry & Trade Ministry approves e-com master plan
The target is to optimise the entire value chain using advanced technology, while ensuring a balance between economic progress, social equity and environmental protection, and enhance the value and global competitiveness of the country's e-commerce industry, a domestic news agency reported.
The plan is aligned with national strategic initiatives, including those on digital transformation, digital economy and digital society, and sector-specific programmes led by the ministry.
Vietnam's Industry and Trade Ministry has cleared the 2026-2030 e-commerce master plan. Its aim is to optimise the value chain using advanced technology, while ensuring a balance between economic progress, social equity and environmental protection, and enhance the value and competitiveness of the sector. Sustainability forms a cornerstone of the strategy, with specific environmental targets.
It outlines six focus areas: developing and refining regulatory frameworks and market policies for e-commerce; strengthening digital, logistics, and cashless payment systems to support sustainable growth; building digital platforms for both state management and a green, resilient e-commerce market; leveraging local advantages in resources and talent for integrated e-commerce ecosystems; improving e-commerce adoption among businesses, households, and individuals; and expanding global partnerships to adopt advanced standards, access new technologies, and enter international markets.
It involves cultivating a unified and efficient e-commerce ecosystem, with efforts to strengthen regional and international linkages, ensuring that resources are mobilised and utilised effectively.
The online market for Vietnamese products will be expanded, both within the country and abroad.
The plan seeks to close the development gap between urban and rural areas and promote a shift toward a greener, circular e-commerce model.
The government is targeting an increase in the proportion of adults shopping online to 70 per cent. It also aims to boost the annual growth rate of e-commerce retail sales to 20-30 per cent, with the sector accounting for a fifth of the country's total retail turnover.
Efforts will also be made to reduce the proportion of websites violating consumer rights to 5-10 per cent.
By 2030, 70 per cent of businesses in Vietnam are expected to adopt e-commerce in their operations, as per the plan. All commercial transactions are to be accompanied by electronic invoices, and four-fifths of payment transactions are to be conducted without the use of cash.
The government also expects three-fifths of small and medium enterprises (SMEs) to operate on e-commerce platforms.
The plan wants to ensure that at least half of all business-to-consumer (B2C) transactions take place outside of Hanoi and Ho Chi Minh City, and three-fifths of communes and equivalent local administrative units will have online sellers.
It will encourage leveraging the unique advantages of different regions, such as raw materials, production capabilities, logistics networks, and local talent, to promote regionally integrated e-commerce systems.
Sustainability forms a cornerstone of the strategy, with specific environmental targets. The plan sets a goal to reduce the use of plastic packaging to no more than 45 per cent and to raise the share of recycled packaging to 50 per cent.
It also aims for at least 40 per cent of e-commerce logistics businesses to use clean energy in their operations. Additionally, 50 per cent of enterprises will be required to adopt green packaging standards.
The plan aims at 60 per cent of higher education and vocational training institutions offering programmes related to e-commerce.
Fibre2Fashion News Desk (DS)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
an hour ago
- New Indian Express
Southern TN emerges as south India's next export hub
CHENNAI: Southern Tamil Nadu is fast emerging as South India's new industrial and export powerhouse, buoyed by a wave of large-scale investments and targeted state policy. The launch of Vietnamese electric vehicle giant VinFast's plant in Thoothukudi earlier this month has set the tone, drawing in capital and industry to districts including Tirunelveli, Thoothukudi, Kanniyakumari, Virudhunagar, Tenkasi and Madurai, creating what officials call a 'significant economic corridor' in the state's south. For the southern region alone, the state has signed MoUs worth Rs 30,100 crore during a recent investors' conference, promising 46,450 jobs. MSMEs have pledged an additional Rs 1,261 crore, with plans to create 1,000 jobs. Under the Naan Mudhalvan skill initiative, 350 people have been trained, with 250 of whom now working in training roles at VinFast. Several big-ticket projects are in the pipeline. Singapore-based Royal Golden Eagle (RGE) is investing Rs 4,953 crore to set up a man-made fibre facility in Thoothukudi, while South Korea's Hwaseung Enterprises will put Rs 1,720 crore into a large-scale non-leather footwear plant at Gangaikondan in Tirunelveli. Thoothukudi is also set to host a 250-acre space park, a shipbuilding department, a common facility centre for moringa exports worth Rs 5.59 crore, and a zonal unit of the Tamil Nadu Food Processing and Agri Export Promotion Corporation in Tirunelveli. Industries Minister TRB Rajaa says the state's decade-long logistics master plan will unlock the south's trade potential through multi-modal logistics parks in Madurai and Thoothukudi, and an air cargo complex in Thoothukudi to accelerate high-value and time-sensitive cargo movement. This industrial push is reshaping the region's shipping landscape, with VOC Port in Thoothukudi and Adani Group's transhipment hub at Vizhinjam, Kerala, both vying for the region's growing cargo volumes.
Hindustan Times
an hour ago
- Hindustan Times
‘Precision vs speed': Ex-Google employee shares key mindset differences between Singapore and Vietnam
Moving between countries often means adapting to new ways of life. For one Vietnamese man who spent three years working at Google Singapore before moving permanently to Saigon in Vietnam, the differences in culture, work, and mindset were eye-opening. Quang Do, founder of Overseas Vietnamese, revealed 11 eye-opening cultural differences between Singapore and Vietnam.(Pexels/Representational Image) Quang Do, a Vietnamese founder, shared how moving from Google Singapore to Saigon revealed two contrasting worlds, one driven by precision and planning, the other by flexibility and relationships. He shared the post on X (formerly Twitter) with the caption, 'I spent 3 years at Google Singapore, visiting Vietnam monthly for work. Each trip revealed 2 radically different mindsets for life, work, and fulfillment.' The founder shared 11 key cultural differences he noticed between Singapore and Vietnam. Singapore vs Vietnam: Precision vs speed: According to him, in Singapore, everything must be done with perfect accuracy. A single typo or mistake can ruin a whole project. The system demands 100% precision. In Vietnam, things are different. People value getting things done quickly, even if it's only about 80% perfect. Trust and relationships: Singaporeans trust systems and rules. They believe strangers will follow the laws and agreements. In Vietnam, people start with caution and warn each other to be careful. Negotiation culture: In Singapore, prices and rules are fixed. There is no room for negotiation. Vietnam operates the opposite way; nearly everything is open for discussion and bargaining. Entrepreneurship and opportunity: Walking through Vietnam, it is clear that many people are hustling, starting new businesses, selling, and creating. In Singapore, the high salaries mean fewer people take risks to start their own business. Scale and possibility: Do said Singapore's tall buildings and global companies can make a person feel small and like a tiny part of a huge machine. Vietnam, by contrast, offers a sense of possibility. Other differences: The founder also noticed how Singapore plans decades in advance, while Vietnam adapts in weeks. Communication in Singapore is direct and documented; in Vietnam, it is flexible. While Singapore values multicultural blending, Vietnam treasures cultural roots. He explained that trying to live by Singapore's system in Vietnam or vice versa can be exhausting. The key is learning to switch between the two ways of thinking. Check out the post here: The founder also believes that understanding these differences is essential for anyone working between Singapore and Vietnam. Adapting to each mindset using precision when it is needed and flexibility when it works best is the key to building strong relationships and achieving success in both worlds.
News18
2 days ago
- News18
Vietnam Rolls Out 5-Year Visa Exemption Cards To Attract Top International Talent
Vietnam will soon offer 5-year visa exemption cards to attract global talent and boost its socio-economic growth. Vietnam is making a big move to attract top international talent by introducing special visa exemption cards for select foreign nationals. Starting August 15, these cards will allow multiple entries into the country for up to five years without the need to reapply for a visa each time. The policy, announced through Vietnam Briefing, is designed to bring in high-profile individuals who can make meaningful contributions to the nation's socio-economic growth. This step is closely linked to Vietnam's larger goal of becoming a competitive, open, and globally connected hub, especially in line with its newly passed International Financial Centre (IFC) policies. By offering long-term visa exemptions, the government hopes to encourage innovation, investment, and collaboration across various sectors. Who Can Apply? The visa exemption program targets influential figures from around the world. Eligible applicants include: Senior officials from foreign governments, parliaments, international organisations, and top judicial bodies. Renowned scientists, professors, and researchers from leading universities and research institutions. CEOs and executives from major global companies, particularly those with cultural influence or strong brand recognition. Investors, entrepreneurs, and high-level business leaders contributing to socio-economic development. Prominent personalities in culture, academia, or economics with a global impact. Applicants must hold a valid passport and be nominated by a recognised Vietnamese agency or organisation. Their work or presence in Vietnam should be able to make a significant contribution to the country's development. Key Benefits for Cardholders Those granted the new visa exemption cards will enjoy: Multiple entries into Vietnam during the five-year validity period without reapplying for a visa. Both physical and digital card formats with equal legal status. Faster, more convenient entry processes, ideal for frequent travellers. The physical cards will come with an embedded chip containing personal details such as the holder's name, passport number, and biometric data. For foreign nationals already living in Vietnam, the card will be issued after biometric information is added to the National Immigration Database or once they obtain a Level 2 electronic ID account. Strengthening Vietnam's Global Image This initiative is part of Vietnam's wider efforts to modernise immigration and business policies, the publication states. By making it easier for global leaders, researchers, and investors to work and collaborate in the country, Vietnam is positioning itself as a key player in the international arena. Officials believe the policy will not only boost the country's economy but also create valuable opportunities in research, culture, and business, further solidifying Vietnam's reputation as a destination for global talent. Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
