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Update news Amazon
The volume of Vietnamese products exported and sold on Amazon e-commerce platform of the United States has increased by 300% over the past five years, heard a forum held in Hanoi on June 27.
While US e-commerce site Amazon is a hit for many Vietnamese businesses, some struggle to profitably do business on the platform since operating expenses are high.
The number of products Vietnamese businesses sell via Amazon has increased by 300% over the past five years, heard a conference on cross-border e-commerce (CBEC) in Hanoi on May 22.
The overall export value of Vietnamese selling partners on Amazon witnessed an impressive year-on-year growth of over 50 per cent, with the number of partners surpassing US$100,000 in sales increasing by 70 per cent.
The turnover from farm exports via e-commerce platforms remains modest, though Vietnam has high-quality farm products, especially tea and coffee.
Prime Minister Pham Minh Chinh urged online retail giant Amazon to further expand its operations in Vietnam while receiving Vice President of International Public Policy & Government Affairs at Amazon Susan Pointer.
Through cross-border e-commerce platforms like Amazon, Vietnam’s products have been selling not only to American but also European and global consumers.
The export value of Vietnamese businesses selling with Amazon increased by 50 per cent, enlarging the contribution to the country’s export economy.
Vietnam's B2C (Business To Consumer) retail export turnover is estimated at 3.5 billion USD in 2022, showing the great potential of Vietnam's cross-border e-commerce, according to a report from Access Partnership.
The export value of Vietnamese small and medium enterprises (SMEs) through Amazon’s e-commerce platform enjoyed a high growth rate of over 45% last year, according to figures released by Amazon Global Selling.
A Vietnamese company has filed a lawsuit against Amazon asking for $280 million. Amazon has not commented on the case yet.
International customers can easily buy many Vietnamese traditional products via e-commerce platforms.
Approximately 10 million Made-in-Vietnam products were sold globally through Amazon between September 1, 2021, and August 31, 2022, heard the Cross-border E-commerce Conference (Amazon Week 2022) in Hanoi on October 27.
Vietnamese businesses have been enjoying breakthrough growth thanks to exportation through e-commerce exports.
Amazon Web Services Inc (AWS) has announced plans to launch a new AWS Local Zone in Hanoi.
The simple cleaning tools made by Vietnamese craftsmen are popular in the United States for their usefulness.
Before becoming a senior program manager at Amazon’s head office in Seattle, Thu Van had faced 1,000 job-application rejections.
In 2021, 14 Vietnamese products, ranging from rice paper to dry vermicelli to coffee to ceramics, were sold on Amazon every minute.
Every minute, 14 Made-in-Vietnam products are sold on Amazon. Which products sell well? What should Vietnamese businesses do to compete on this platform?
Domestic enterprises have the opportunity to bring handicraft products to the global market via the US e-commerce giant.