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Nearly 8,000 Vietnamese farmers take to online sales

By Rajiv MenonVietnam
1 min read
Aussi Farmer
Aussi Farmer
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Nearly 8,000 Vietnamese farmers started trading on e-commerce platforms in the first six months, up 191 percent year-on-year, as authorities pushed the development of the digital economy.

The total value of agriculture produce on e-commerce platforms in the period tripled to VND944 billion ($41 million), according to a Ministry of Information and Communications report.

It stated this was the result of the ministry and municipal authorities pushing postal companies to partner with e-commerce platforms to help distribute produce.

This year, Vietnam’s lychees became the first agricultural produce to be exported to Europe via a domestic e-commerce platform.

Minister of Information and Communications Nguyen Manh Hung said e-commerce and logistics is the future of the postal sector, thanks to technology paving the way.

Vietnam’s digital economy is forecast to grow by 29 percent annually from 2020 to $52 billion by 2025, according to a study by Google, Temasek Holdings and Bain & Co.

Questions & Answers

Q.

How much has the total value of agricultural produce sold on e-commerce platforms increased?

A.

The total value of agricultural produce on e-commerce platforms tripled in the first six months. It reached VND944 billion, which is equivalent to $41 million.

Q.

Which specific agricultural product from Vietnam was exported to Europe using a domestic e-commerce platform?

A.

This year, Vietnamese lychees were the first agricultural product to be exported to Europe via a domestic e-commerce platform. This marks a new milestone for online agricultural trade.

Q.

What is the projected annual growth rate for Vietnam's digital economy?

A.

Vietnam's digital economy is forecast to grow by 29 percent annually from 2020. It is expected to reach an estimated value of $52 billion by 2025, according to a study.

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