Under pressure from foreign goods on e-commerce sites, Vietnamese businesses should take advantage of their internal strengths to compete.
Ms. Uyen from Ho Chi Minh City is an example of a customer who has sought items from overseas online sites. She has recently turned to buying dresses and lipsticks from Chinese sellers on Shopee, an online shopping platform. Uyen said that fashion products from China are cheap, with diverse models, and the shipping cost is cheap.
“A dress in China is priced for around VND100,000, while Vietnamese products of the same kind are sold from VND200,000-VND300,000. A lipstick in China is priced a few ten-thousands dong. Products are very diverse in designs. Shipping fees from China to Vietnam are only about VND17,000, and down to just VND7,000 or even VND2,000 if the bonus code is used. Delivery fees from Hanoi to Saigon are sometimes up to VND40,000," Uyen explained.
Many Vietnamese customers are buying goods from China via e-commerce sites like Shopee, Lazada, and Tiki. Fashion products, cosmetics, phone accessories, home decorations, stationery, gardening tools and others, with diverse designs from foreign sellers, are ready to serve domestic needs.
Truong Tien Tung, former rector of the Hanoi Open University, one of the first schools going digital with 15,000 students following online courses, said he was familiar with the concept of ‘open education’ and ‘distance education’ as early as 1994.
When she was 10 years old, Mai Ngoc Hien, who won a scholarship in 2018 worth $160,000 to study neuroscience at Ohio Wesleyan University, read a book that she had borrowed from a friend about Issac Newton’s research activities.
Before launching Project 89 that aimed to produce 7,300 more lecturers with a doctoral degree, the Ministry of Education and Training (MOET) ran two projects on preparing human resources with doctoral and master’s degrees, worth trillions of VND.