return icon Vietnamnet.vn

Exporters advised to use digital platforms

The E-commerce Index Report shows that Vietnam has over 500,000 small and medium enterprises (SMEs), but only 32 percent of businesses have joined global trade through digital channels.

Nguyen Thanh Hung, chair of the Vietnam E-commerce Association (Vecom), said with the current conditions, Vietnam’s export companies can export products through e-commerce platforms.

 

{keywords}



Through Alibaba.com, enterprises have opportunities to promote their products to 260 million buyers in over 190 countries and territories. Many enterprises in the textile and industry, footwear, farm produce and handicrafts sectors reported significant increases in exports in 2019 thanks to the channel.

Pham Ngoc Hung, deputy chair of the HCM City Business Association, said it is difficult for SMEs to advertise their products to the world’s consumers through traditional channels because of their limited capability. However, if the enterprises can exploit the e-commerce platform, they will be able to easily access the global market at low costs.

The E-commerce Index Report shows that Vietnam has over 500,000 small and medium enterprises (SMEs), but only 32 percent of businesses have joined global trade through digital channels.

Nguyen Thi Minh Huyen, deputy director of the E-commerce and Digital Economy Agency, also said cross-border e-commerce will have the value of $3.3 trillion in the next two years.


The Vietnam Agarwood Center provides high-quality agarwood products, from raw materials to finished products. It has ab agarwood garden and R&D team with 30 years of experience.

Vu Trung Son, director of the company, said the company had met difficulties in the past and was on the verge of bankruptcy. Son then decided to register membership on Alibaba.com and his business has improved since then.

Son now receives hundreds of inquiries a month, 60-70 percent of which have become orders. From a small startup, it has developed into Zensa Group with three subsidiaries.

“Now we receive 100 offers to buy products from all over the world each month, and 80 percent of them are real orders,” he said.

Zhang Kuo, CEO of Alibaba.com, noted that Vietnam has great advantages such as the high population of 90 million, high proportion of internet users (60 percent), a developing economy and high FDI capital.

Vietnam has advantages in textiles and garments, interior furnishings, and F&B.

Alibaba hopes that it will have 10,000 SMEs on Alibaba.com in Vietnam in the next fuve years.

Currently, only 12 percent of Vietnam’s SMEs use digital platforms. Many enterprises still lack skills in selling goods online.

Huyen said that online shopping is growing rapidly and customers’ requirements have become more complex. Therefore, businesses need to adapt to the new circumstances and take full advantage of mobile commerce to offer better experiences to customers.

Kim Chi 

 

Vietnam’s e-commerce market to surpass US$17 billion in 2023

Vietnam’s e-commerce market to surpass US$17 billion in 2023

Vietnam’s e-commerce market is projected to grow at a compound annual growth rate (CAGR) of 16.3 percent from 9.4 billion USD last year to 17.3 billion USD in 2023, data analytics company GlobalData forecast.

Craft villages benefit from e-commerce

Craft villages benefit from e-commerce

In recent years, craft villages in Ho Chi Minh City have introduced their products on online trading platforms. This has helped the villages trade efficiently and assert their brand value.

MORE NEWS

High costs and legal impasses hinder LNG energy development in Vietnam

Too many variables and over-reliance on imports have been hindering Viet Nam's plan to build power plants running on liquefied natural gas (LNG), industry experts have said.

Three Vietnamese military officers awarded UNHQ medal

The United Nations on May 26 awarded its medal to three officers of the Vietnam People’s Army who are working at this organization’s headquarters in New York, USA, on Peacekeeper’s Day (May 29).

Trade revenue set to eclipse 700 billion USD this year

Free trade agreements (FTAs) spurred Vietnam’s bilateral and multilateral trade, with 2022 revenues projected to hit a record 750 billion USD, according to experts.

Government takes action to protect wild birds

Deputy Prime Minister Le Van Thanh has signed a directive to protect migratory and wild birds in Vietnam.

Quang Nam man owns 2,000 antique gardening tools

Collecting old items is how 47-year-old Tran Van Phuc from Quang Nam province describes the previous daily life of the working class to the younger generation.

Tourism booms as people are anxious to travel after Covid lockdowns

Since March, many families have booked long-distance tours for the summer now that the economy has reopened.

Mekong Delta farmers back away from rice as input costs rise

Rice farmers in many Mekong Delta provinces are reducing rice cultivation over rising prices of inputs like fertilisersnbsp;and pesticides.

Mural depicting VN, US’s friendship inaugurated

A ceramic mural, US-VN Friendship, has been inaugurated at the new US-Vietnam Co-operation Centre in Hanoi.

New pact promotes Vietnam-Europe fashion links

Culture, lifestyle and fashion links between Vietnam and Europe will be promoted under a Memorandum of Understanding signed this week by the European Chamber of Commerce in Vietnam (EuroCham Vietnam) and the Aquafina Vietnam International Week.

Vietnam likely to consider nuclear power development

The Economic Committee of the National Assembly (NA) has recently proposed developing nuclear power over the next decades to ensure national energy security and meet the ‘net zero’ goal Vietnam set at the 26th UN Conference on Climate Change (COP26).

Short animated Vietnamese film competes at Cannes Film Festival

“Giac Mo Goi Cuon”, known as “Spring Roll Dream” in English, a short animated film by a young Vietnamese director has been nominated in the La Cinef, a category at the Cannes Film Festival which honours works by students from global film schools.

PM welcomes Intel’s investment expansion in Vietnam

Prime Minister Pham Minh Chinh applauded Intel’s decision to expand its investment in Vietnam while receiving its CEO Patrick Gelsinger in Hanoi on May 27.

Hanoi to build 17 bridges spanning Red River

In addition to the seven existing bridges, Hanoi will have 10 more bridge crossing the Red River, under a development plan to 2030 with a vision towards 2050.

Localities asked to report progress of large FDI projects

The Ministry of Planning and Investment has requested localities to report the execution of large foreign direct investment (FDI) projects that need significant investment and use large land lots.

Opportunities for e-commerce in Vietnam to boom

Recently, e-commerce in Vietnam is assessed to grow robustly. It is forecasted that Vietnam's internet economy will reach US$57 billion by 2025, ranking second in Southeast Asia, after Indonesia.
back_to_top