Hanoi (VNA) – The Central Institute forEconomic Management (CIEM) held a conference on November 28 to discuss measuresto develop e-commerce.
CIEM Director Nguyen Dinh Cung said e-commerce hashigh potential amid Industry 4.0, thus the development of e-commerce is anobvious necessity.
He said the centre is consulting other agencies to setup a national innovation and development centre.
Nguyen Anh Duong, head of the CIEM’s Department ofMacro-Economy, said domestic and international e-commerce activities of Vietnamare increasing with larger scale.
A series of free trade agreements have facilitated theactivities, along with higher awareness of e-commerce and Industry 4.0, higherpurchasing demand of people, widespread online shopping and higher foreigndirect investment in the field.
A report from the Policy Office of the Department ofE-Commerce and Digital Economy under the Ministry of Industry and Trade showed theonline retail market rose more than 20 percent per year.
Last year, Vietnam’s retail market reached 6.2 billionUSD, with e-commerce revenue of 3.6 percent over total retail value. In 2020,the e-commerce market is expected to hit 10 billion USD.
Le Thi Ha from the office said the e-commerce marketin 2013-2017 rose rapidly. E-commerce has become more common due to diverse formsand stronger engagement.
At the same time, e-commerce on mobile devices hasbecome popular, she said, adding the sector is a target for large firms.
However, Ha pointed to problems in e-commercemanagement, including the control of quality of goods and trans-national transactions.
Meanwhile, Duong said the sector’s managementmechanisms aren’t suitable, while the infrastructure has yet to be systemised.
The CIEM proposed the completion of institutions andpolicies for the development and application of digital economy, and the establishmentand operation of infrastructure for e-commerce, and support to the digitaltransformation of enterprises.
Representatives from the Ministry of Industry andTrade highlighted the need to revise the Law on Commerce 2005 with newregulations on e-commerce.-VNA
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Illustrative photo (Source: onlinefriday.vn) 
