Cross-border e-commerce may become a new growth point for China-Vietnam cooperation.
In 2025, Vietnam’s e-commerce GMV will reach US$32 billion, accounting for nearly 12% of the country’s total social commodity retail and consumer service revenue. The industry growth rate will exceed 20%, ranking second in Southeast Asia.
According to relevant reports, although Vietnam’s e-commerce market has ranked among the top ten in the world, its total e-commerce import and export volume is only US$4.45 billion, which shows its huge development potential.
China-Vietnam trade has repeatedly reached new highs in recent years. It only took six years for the total bilateral trade volume to exceed US$100 billion in 2018 and reach US$200 billion in 2024.
China-Vietnam cross-border e-commerce has also flourished, becoming a new driving force for the improvement and upgrading of bilateral economic and trade cooperation.
In the future, China-Vietnam cross-border e-commerce will not only play an important role in promoting China-Vietnam trade, but will also continue to generate new demands for financial services and new models of business cooperation as the level of China-Vietnam trade improves.
As the main bank serving the economic and trade development of China and Vietnam, Bank of China has given full play to its traditional advantages in cross-border finance and continues to deepen its efforts in the field of cross-border e-commerce financial services.
It accurately focuses on the pain points and difficulties of domestic and overseas fund collection and payment for cross-border e-commerce enterprises, and launches “BOC Cross-border e-Commerce”, covering a series of special products such as Three-way Connect, Overseas Connect, E-commerce Connect, Cross-border Connect, etc. It has established and improved a cross-border e-commerce financial service system, accurately connects domestic and overseas payment institutions, cross-border e-commerce platforms and various operating entities, achieving global, full-chain, and full-scenario financial service coverage.
In June 2025, Bank of China was the first among Chinese peers to launch the “BOC Cross-border e-Commerce” cross-border e-commerce overseas collection service in Singapore.
Relying on the full-process online operation model, it provides overseas payment institutions and e-commerce platforms with a package of comprehensive financial services such as fund parent and sub-account management, fund exchange, cross-border remittance, bank-enterprise reconciliation, etc., achieving efficient, safe and convenient operation of cross-border fund collection and payment.
Vietnam has been China’s largest trading partner in ASEAN for many years, and China has been Vietnam’s largest trading partner for many years.
China and Vietnam have a profound foundation in the field of economy and trade. Coupled with the multiple dividends of institutional cooperation frameworks, smart logistics infrastructure and AI technology applications, cross-border e-commerce is moving from “quantitative expansion” to “qualitative leap” and has become the most dynamic economic and trade growth pole in the construction of a China-Vietnam community with a shared future.
With the continuous development of cross-border e-commerce, trade exchanges between China and Vietnam will become closer, which will also bring more development opportunities to enterprises in both countries and promote the common prosperity of both economies.
