Tax revenues from organizations and individuals engaged in e-commerce activities in Vietnam reached 94.6 trillion Vietnamese dong (3.74 billion U.S. dollars) in the first ten months of this year, a 17-percent increase compared to the same period last year, Vietnam News reported on Monday.

Over 191,000 traders operating on the platforms recorded business transactions amounting to 72 trillion dong (2.8 billion dollars), said the report citing the General Department of Taxation.

As many as 412 e-commerce platforms have registered their tax information with Vietnam's tax authorities, said the tax department.

As internet shopping has been rapidly gaining popularity in recent years, Vietnam's B2C e-commerce revenue is forecast to reach 29 billion dollars by the end of next year, according to the E-commerce and Digital Economy Agency under the Ministry of Industry and Trade.