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.
Cross-border e-commerce expected to present broader foreign market access ảnh 1Hai 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, he noted, in a bid to sustainably foster the development of e-commerce./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.