Cross-border e-commerce expected to present broader foreign market access
With borders closed and travel restricted since early last year, e-commerce has proved itself to be a game changer, setting the scene for Vietnamese exporters to gain broader access to foreign markets.
Hai Duong’s flagship Thanh Ha lychees are now available on Lazada and Sendo. (Photo: VNA)
Hanoi (VNA) - With borders closed and travel restricted since early last year, e-commerce has proved itself to be a game changer, setting the scene for Vietnamese exporters to gain broader access to foreign markets.
Given that Hai Duong’s flagship Thanh Ha lychees are being officially sold on Lazada and Sendo, the Ministry of Industry and Trade (MoIT) is closely coordinating with the provincial People’s Committee and other local agencies to connect lychee growers with around 200 importers from various major markets overseas via virtual platforms, Deputy Minister of Industry and Trade Do Thang Hai said.
Cross-border e-commerce not only helps traders boost sales but also helps identify a more flexible, cost-efficient business model to access global supply chains, said Dang Hoang Hai, Director General of the MoIT’s e-Commerce and Digital Economy Agency (iDEA).
An iDEA survey of more than 800 exporters, 70 percent of which are small and medium-sized enterprises (SMEs), showed that 36 percent of respondent SMEs and 54 percent of large corporations have a website and trade on online marketplaces.
Director of the Hanoi Department of Industry and Trade Tran Phuong Lan said the capital plans to organise an exclusive event on trading on Amazon for local handicraft products and craft villages shortly, as part of efforts to stimulate cross-border e-commerce.
The department will also hold a number of seminars and training courses for local SMEs on how to register and sell products on online marketplaces, she revealed.
Deputy Minister of Industry and Trade Hai said his ministry will continue developing policies to smooth the way for e-commerce and support domestic firms to participate in new supply chains.
It plans to focus more on linking employers and potential job candidates in e-commerce and on providing enterprises with consultation on a proper roadmap for digital transformation, ꦅhe noted, in a bid to sustainably foster the d♑evelopment of e-commerce./.
Vietnam posted solid export performance in the first quarter of 2021, and at such a growth speed, its export turnover is likely to hit 600 billion USD for the whole year, experts have said.
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Vietnam’s capital city of Hanoi will strive to take the lead in e-commerce nationwide, considering it an important task in economic growth this year, Acting Director of the municipal Department of Industry and Trade Tran Thi Phuong Lan has said.
Kenneth Atkinson, a board member of the British Chamber of Commerce Vietnam (BritCham Vietnam), told German news agency DW that he remains positive about Vietnam's overall economic growth in 2021.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Hai Duong’s flagship Thanh Ha lychees are now available on Lazada and Sendo. (Photo: VNA)
