The Vietnamese e-commerce would likely to reach a turnover of US$10 billion by 2020, the Vietnam E-Commerce and Information Technology Agency under the Ministry of Industry and Trade has forecast.
The agency predicted that 30% of the population would shop for goods and services over the internet by 2020 and each shopper would spend an average of US$350 per year.
Vietnam should encourage enterprises to further invest in organic agriculture, that would help not only farmers find output for their products but also consumers access fresh farm produce, officials have said.
Deputy Minister of Science and Technology Tran Quoc Khanh said food safety was a top concern for all of society, and organic agriculture played an important role in ensuring this.
Exports of wood and wooden products reached US$2.68 billion in the first five months of this year, representing a rise of 2.08 per cent over the same period last year, according to statistics of the Ministry of Industry and Trade.
While Trans-Pacific Partnership (TPP) and EU-Vietnam Free Trade Agreement (EVFTA) were signed and will soon come into effect, Vietnam is having large opportunities to expand exports of wood and wooden products.
However, Vietnam wood exporters are faced with risks related to origin of wood and labour management when exporting to high demanding markets such as the US and European Union (EU).
In addition, lack of knowledge about import markets’ requirements is a major challenge.