Made-in-Vietnam textile products to be sold on Amazon

If sales through Amazon online stores worldwide are successful, Vietnamese products will have brand positioning in markets worldwide.

Vietnamese textile and garment firms will get opportunity to promote their brands on Amazon Global Selling.

The brand development is under a cooperation made by the Vietnam Textile & Apparel Association (Vitas) and Amazon recently.

 Workers at Truong Phuc Textile company. Photo: Khac Kien

The two sides responded to the fact that Made-in-Vietnam textile and apparel products are sold worldwide without their own brands. Meanwhile, Vietnam is known as the fourth largest exporter of textiles and garments  in the world.

According to the Vitas, if sales through Amazon online stores worldwide are successful, Vietnamese products will have brand positioning in global markets. 

Through this global direct selling channel, Vietnam's goal of having 30 world-class textile brands will be achievable in the next nine years, according to Amazon, the world's largest online retailer.

Vietnam has the potential to develop cross-border e-commerce, with the advantages of a young and talented workforce and a strong online community.

 

Amazon Global Selling Asia will continue to invest in smart technologies and solutions, supporting its sale partners in Vietnam to approach potential customers as well as promoting exports globally, Bernard Tay, Director of Amazon Global Selling Southeast Asia, Australia and New Zealand, said at a recent conference in February in Hanoi.

Some experts have said that selling products via Amazon, even in small volumes, is a good opportunity to build up a brand. In particular, Vietnamese fashion products is well assessed by importers in terms of quality, reasonable prices and compliance with consumer requirements in many markets.

“However, a challenge for Vietnamese businesses in the industry is how to switch from business-to-business (B2B) to business-to-consumer (B2C),” a representative from Amazon has said.

Earlier, the e-commerce giant set up a team in Vietnam to help local businesses directly access 300 million buyer accounts, including more than 100 million prime customers in many of Amazon’s international markets.

In 2020, Gilimex, a Vietnamese textile company, reported net profit of VND308 billion (US$13.3 million) thanks to a number of high-value contracts with international retailers including Amazon. 

Hanoitimes

Amazon sets up seller centre in Vietnamese language

Amazon sets up seller centre in Vietnamese language

Amazon Global Selling has announced plans to set up a seller centre in Vietnamese language and a new dedicated global selling support team in Hanoi.

 
 

Other News

.
Multinationals may hesitate to enter Vietnam because of rising land rent
Multinationals may hesitate to enter Vietnam because of rising land rent
BUSINESSicon  08/04/2021 

Rising land rent and shortages in industrial zones (IZs) may cause multinationals, which are seeking land near Hanoi and HCMC City, to hesitate to come to Vietnam.

Economy growing strongly on back of COVID-19 endgame
Economy growing strongly on back of COVID-19 endgame
BUSINESSicon  08/04/2021 

Efforts to boost business and production fuelled by the gradual use of COVID-19 vaccines have helped recover the country’s economic growth, driven largely by the manufacturing and processing activities.

Vn-Index predicted to hit all-time high of 1,300 pts in April
Vn-Index predicted to hit all-time high of 1,300 pts in April
BUSINESSicon  08/04/2021 

Strong involvement of individual investors and participation of new foreign fund would help offset the net selling trend of foreign investors.

Vietnam to attract more foreign investment in high-tech industry
Vietnam to attract more foreign investment in high-tech industry
BUSINESSicon  08/04/2021 

Vietnam will lure more foreign investment in the high-tech industry by offering more incentives and amending requirements for high-tech businesses.

VIETNAM BUSINESS NEWS APRIL 7
VIETNAM BUSINESS NEWS APRIL 7
BUSINESSicon  07/04/2021 

Digital banking - A new era for Vietnam’s banking industry

Young farmer earns billions of VND a year from rabbit exports to Japan
Young farmer earns billions of VND a year from rabbit exports to Japan
BUSINESSicon  07/04/2021 

After many years raising rabbits, Do Quoc Toan, a farmer in Dan Phuong district in Hanoi, has reaped fruit. His rabbit farm brings revenue of over VND1 billion a year.

Bank assets soar as shares are 'hot'
Bank assets soar as shares are 'hot'
BUSINESSicon  07/04/2021 

Encouraged by the prosperity gained in 2020, the biggest commercial banks in Vietnam target making a profit of VND1 billion this year.

Forbes names six Vietnamese billionaires in latest rich list
Forbes names six Vietnamese billionaires in latest rich list
BUSINESSicon  07/04/2021 

Globally-renowned business magazine Forbes has just released its annual list of the world’s billionaires, including six billionaires from Vietnam.

Vietnam will have national portal on product traceability this year
Vietnam will have national portal on product traceability this year
BUSINESSicon  07/04/2021 

A national portal on tracing the origin of products and goods is expected to be put into operation in the fourth quarter of this year, according to the Directorate for Standards, Metrology and Quality (DSMQ).

Foreign investments might flow into Vietnam's stock market from the second half of 2021
Foreign investments might flow into Vietnam's stock market from the second half of 2021
BUSINESSicon  07/04/2021 

Bao Viet Securities Company (BVS) expects Vietnam's stock market might attract up to US$1.4 billion from index tracking funds, if Vietnam is officially upgraded to a secondary emerging market by FTSE.

Investors of renewable energy projects to be chosen through bidding
Investors of renewable energy projects to be chosen through bidding
BUSINESSicon  07/04/2021 

Investors of renewable energy development projects will be chosen through competitive tenders and they will set the minimum selling price of the output of their projects.

Thousands of hectares of industrial zones approved in first quarter
Thousands of hectares of industrial zones approved in first quarter
BUSINESSicon  07/04/2021 

Dozens of industrial zone projects in 13 cities and provinces covering have been approved in the first quarter, promising thousands of hectares of new space for investors over the coming years.

HCM City approves 8 projects to boost industry, trading, e-commerce, exports
HCM City approves 8 projects to boost industry, trading, e-commerce, exports
BUSINESSicon  07/04/2021 

The HCM City Department of Industry and Trade said eight key projects have been approved by the city government to promote the industry, trading, e-commerce, and exports and facilitate goods transport.

VIETNAM BUSINESS NEWS APRIL 6
VIETNAM BUSINESS NEWS APRIL 6
BUSINESSicon  06/04/2021 

Vietnamese fruit and vegetable sector targets export revenue of $10 billion

Korean conglomerate buys 16.3 percent stake in Vietnam's largest retailer
Korean conglomerate buys 16.3 percent stake in Vietnam's largest retailer
BUSINESSicon  06/04/2021 

Korean conglomerate SK Group said it will make a strategic investment in VinCommerce, Vietnam’s largest retailer, to tap into the fast-growing e-commerce segment in the Southeast Asian market, reported Yonhap News Agency.

Wind power: investors wait for PM’s decision on Feed-in-Tariff price
Wind power: investors wait for PM’s decision on Feed-in-Tariff price
FEATUREicon  06/04/2021 

The Feed in Tariff (FIT) price of VND2,000 per kwh will expire in seven months, but the price for the next period has not been fixed yet.

Inflation not a source of concern for Vietnam: SSI
Inflation not a source of concern for Vietnam: SSI
BUSINESSicon  06/04/2021 

Vietnam’s consumer price index (CPI) is set to average 2.89% in 2021, below the government’s target of 4%.

Shares gain on bank and real estate stocks
Shares gain on bank and real estate stocks
BUSINESSicon  06/04/2021 

The market closed higher on Monday as a series of banking and real estate stocks surged, propelling the indices.

Vuong leaves Vinmart, Quang takes over
Vuong leaves Vinmart, Quang takes over
BUSINESSicon  05/04/2021 

Billionaire Nguyen Dang Quang will build The CrownX into a $10 billion firm and change the name of VinMart to WinMart, which will follow a new operation model after Vingroup, owned by Pham Nhat Vuong, leaves.

VIETNAM BUSINESS NEWS APRIL 5
VIETNAM BUSINESS NEWS APRIL 5
BUSINESSicon  05/04/2021 

Manufacturing, processing maintains strong growth in Q1

 
 
 
Leave your comment on an article

OR QUICK LOGIN