Business

Vietnam shakes hands with Amazon to facilitate Vietnamese exports

By An Nhien January 17, 2019 | 08:07 AM GMT+7

Vietnam Trade Promotion Agency under the Ministry of Industry and Trade announced the cooperation with Amazon Global Selling to help Vietnamese enterprises, especially small and medium sized ones, promote exports through e-commerce.

Vietnamese enterprises have the chance to reach more than 300 million customers on Amazon

Vu Ba Phu, Director General of Trade Promotion Agency, Ministry of Industry and Trade said, “Vietnam has more than 700,000 enterprises, of which 98 per cent are small and medium-sized enterprises (SMEs). In addition to traditional trade promotion initiatives, developing e-commerce is important.”

This cooperation will help Vietnamese enterprises reach more than 300 million customers, including more than 100 million prime customers in various markets of Amazon, as well as millions of wholesale buyers in the US, Europe and Japan.

The co-operation aims to support enterprises in Vietnam, especially SMEs, to reach out to Amazon.com, build the branding of Vietnam enterprises on Amazon.com.

There will be training programmes for Vietnamese SMEs on e-commerce to promote trade, export goods and learn global sales skills on Amazon.

"Vietnam is a country with many good products that can be easily sold on Amazon’s platform," Bernard Tay, Amazon’s regional director for Southeast Asia said. 

“Vietnam has strengths in commodities such as handicrafts, apparel, leather products, and footwear ... which can sell well on Amazon. We assess that Vietnam is one of the leading countries in Southeast Asia to export goods through Amazon.”

However, language barrier causes difficulty for any businesses or retailers in Vietnam to access e-commerce platforms. In order to overcome that, Amazon Global Selling Southeast Asia in September launched the Global Selling website in Vietnamese and the official Vietnamese Facebook page to facilitate buyers in finding information, guidance and support to start their operations on Amazon.

These websites or fanpages also help those in need of selling goods on Amazon to learn about global buying trends.“Vietnamese enterprises are known for their leading manufacturing capabilities. Amazon Global Selling with global resources will further facilitate Vietnamese businesses to expand global business and build international brands,” Tay emphasized.
US giant backs Vietnam’s bid to lead ASEAN gas trade

US giant backs Vietnam’s bid to lead ASEAN gas trade

Business -  1 week

With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.

Frasers Property, SPX Express sign deal for largest sorting centre in Southeast Asia

Frasers Property, SPX Express sign deal for largest sorting centre in Southeast Asia

Business -  2 week

Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.

Gamuda Land secures VND3,750 billion loan for Eaton Park project

Gamuda Land secures VND3,750 billion loan for Eaton Park project

Business -  3 week

Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.

WHA Group accelerates industrial park investment in Vietnam amid tariff tensions

WHA Group accelerates industrial park investment in Vietnam amid tariff tensions

Business -  3 week

Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.

Hai Phong Port unveils new deep-water terminals to meet growing trade demand

Hai Phong Port unveils new deep-water terminals to meet growing trade demand

Business -  4 week

Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.

Hoang Huy Group to raise $79 million for Haiphong property projects

Hoang Huy Group to raise $79 million for Haiphong property projects

Business -  1 month

Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.