Vietnam's e-commerce grows quickly but unsustainably

HANOI (Vietnam News/ANN): Despite its very high growth rate, Vietnam’s e-commerce was actually growing unsustainably, said Nguyen Van Thanh, Director of the E-Commerce Development Centre under the Ministry of Industry and Trade’s Vietnam E-commerce and Digital Economy Agency.

This is firstly because the competition on the e-commerce platforms Shopee, Lazada, and TikTok Shop is currently very fierce.