Japan’s Sumitomo Group will participate in the e-commerce business in Vietnam, according to the daily Nikkei.
The group has already bought a 30 percent of stake of a Ho Chi MinhCity-based company specialising in online stationery and garment tradingservices as a start for its penetration into the Vietnamese market.
In the initial stage, Sumitomo will provide food, cosmetics andhousehold utensils to serve the demand of young customers who loveJapanese products.
At present, its Vietnameseassociate is capable of supply about 40,000 items and the figure isexpected to increase to 100,000 items by 2015.
As aleading Japanese group on online business, Sumitomo expanded itsoperation to China in 2011 and Indonesia one year later. It hasset up an affiliate in Malaysia, which is scheduled to becomeoperational in December this year.-VNA
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