HCM City (VNA) – Vietnamesebusinesses should make use of e-commerce to promote exports, heard a workshopheld in Ho Chi Minh City on September 25.
Bui Thi Thanh An, deputy head of the TradePromotion Agency of the Ministry of Industry and Trade, said the boom of theinternet and electronic equipment has created huge opportunities for businessesto reach customers worldwide.
E-commerce has helped firms overcome geographicalbarriers to seek customers and reduce costs, the official said.
The agency is carrying out practical activitiesto support businesses to develop products, build brands and expand markets,including programmes to connect foreign business partners with domesticmanufacturers and exporters, she added.
The workshop drew representatives of nearly 40businesses from Singapore operating in the fields of food, packaging, retail,cosmetics, and household appliances as well as hundreds of Vietnamese firms.
It created an opportunity for businesses to seekpartners and share effective online sale methods.
By 2022, e-commerce is forecast grow faster bysix times than traditional one. Particularly, cross-border e-commerce isprojected to increase to 3.3 trillion USD in the next two years./.
E-commerce allows small- and medium-sized enterprises to close the gap between them and large enterprises thanks to the equal and flexible competitiveness of the digital business environment, said a local official of Ben Tre province.
The Prime Minister's working group said on August 22 that ministries had drastically cut business conditions and administrative procedures in order to facilitate businesses’ activities, but more still needs to be done.
The 2019 Export Forum was held in Ho Chi Minh City on August 27 to discuss the strengthening of trade promotion to enhance production and exports by city businesses.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
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According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: internet) 
