VietNamNet Bridge – The first APEC Digital Prosperity Award was given to Airlala, a Viet Nam-based e-commerce platform, on Tuesday as APEC senior officials began their policy deliberations.

Small businesses hold great potential. The first APEC Digital Prosperity Award was given to Airlala, a Viet Nam-based e-commerce platform. — Illustrative Photo

Airlala’s mission is to support local artisans selling products globally, according to a press release issued by the APEC Secretariat.  

The APEC Digital Prosperity Award is a special prize to acknowledge the creation of a digital product that uses innovation to increase prosperity and inclusive growth across economies in the Asia Pacific region.  

“We are honoured to receive the first APEC Digital Prosperity Award,” said Hai Nguyen, Founder and Chief Executive Officer (CEO) of Airlala. “The award offers great support towards our mission of supporting local artisans and small businesses in the APEC region.” 

“Airlala is more than a marketplace, it is empowered by machine-learning that will match international buyers with local artisans and small firms, based on the information buyers and sellers put through the platform,” he added. 

The e-commerce platform was selected for the APEC Digital Prosperity Award from a pool of eleven teams that participated in the first-ever APEC App Challenge in May, where Asia-Pacific’s most talented developers competed to build an app for small businesses on the sidelines of the APEC Ministers Responsible for Trade Meeting in Ha Noi.

“Small businesses are key to boosting innovation in the Asia-Pacific region and form the backbone of the region’s business sector,” highlighted APEC Secretariat’s Executive Director Dr. Alan Bollard.

“Given its importance and potential, they must continue to be afforded an environment that enables them to thrive.

“The APEC Digital Prosperity Award aims to motivate the region’s creative entrepreneurial spirit to solve the challenges small business players are facing through innovation and technology,” he added.  

The APEC Digital Prosperity Award Selection Committee is comprised of the Asia Foundation, the APEC Secretariat, the Viet Nam Ministry of Industry and Trade, and Google. 

“Airlala provides the platform for SME players to expand their businesses outside their home market,” said John Karr, Senior Director of The Asia Foundation’s Technology Programs. “It uses the familiar and proven marketplace model which has high scalability and replicability. This is the reason why we decided to grant the APEC Digital Prosperity Award to Airlala.”  

“Small businesses hold great potential. All they need is to have the tool to sell online, sell their crafts, skills and their goods to the world,” added Andrew Ure, Google’s head of Trade and Economic Affairs in Asia Pacific.

“If we’re able to double the number of small businesses in Asia-Pacific that are exporting, it would add 35 million new jobs, and US$1.5 trillion in export sales in the region.” 

The winner of APEC Digital Prosperity Award was announced during the Concluding Senior Officials’ Meeting in conjunction with the 2017 APEC Economic Leaders’ Week in Da Nang, Viet Nam. 

Source: VNS