Firms advised to invest in e-commerce
Vietnamese companies should seek to expand exports through e-commerce,
which is becoming an effective channel for approaching importers.
Vietnamese companies should seek to expand exports through e-commerce,
which is becoming an effective channel for approaching importers.
Experts said that import demand from developed countries was huge and these were markets where e-commerce was dominant, adding that e-commerce could help also save costs and result in greater efficiency for exporters, compared with the traditional trade transaction channels.
However, the gap in the application of e-commerce remains considerable between developed and developing countries, experts said, urging Vietnamese firms, especially small and medium-sized companies, to grasp the chance of exploiting e-commerce to expand markets as e-commerce was growing rapidly.
According to Tran DinhToan, Deputy Director of OCB Technology and Investment Company, e-commerce is an effective tool for export firms to explore new markets and expand into them.
Toan pointed out that many export firms in Vietnam have approached importers and signed contracts through the website Alibaba.com.
Dang Quang Vu, a representative from Hapro, which now exports products to more than 70 countries with an estimated total export turnover of 9 trillion VND (422.5 million USD), said e-commerce had been an effective channel for Hapro to expand into more export markets.
Products of the Nhan Minh Company were now placed on shelves of retail channels of more than 10 countries thanks to e-commerce, the company's representative said.
Goretti Lee, marketing manager of Alibaba.com was quoted by Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) as saying that many importers were showing an interest in Vietnam, which was evident in the growing number of inquiries via the website. She said the application of e-commerce would help Vietnamese firms to seek more trade partners.
Currently, the potential of applying e-commerce for boosting exports had not been fully exploited by Vietnamese firms due to a lack of knowledge and human resources, experts said, adding that it was necessary for firms to invest in e-commerce.-VNA
Experts said that import demand from developed countries was huge and these were markets where e-commerce was dominant, adding that e-commerce could help also save costs and result in greater efficiency for exporters, compared with the traditional trade transaction channels.
However, the gap in the application of e-commerce remains considerable between developed and developing countries, experts said, urging Vietnamese firms, especially small and medium-sized companies, to grasp the chance of exploiting e-commerce to expand markets as e-commerce was growing rapidly.
According to Tran DinhToan, Deputy Director of OCB Technology and Investment Company, e-commerce is an effective tool for export firms to explore new markets and expand into them.
Toan pointed out that many export firms in Vietnam have approached importers and signed contracts through the website Alibaba.com.
Dang Quang Vu, a representative from Hapro, which now exports products to more than 70 countries with an estimated total export turnover of 9 trillion VND (422.5 million USD), said e-commerce had been an effective channel for Hapro to expand into more export markets.
Products of the Nhan Minh Company were now placed on shelves of retail channels of more than 10 countries thanks to e-commerce, the company's representative said.
Goretti Lee, marketing manager of Alibaba.com was quoted by Thoi Bao Kinh Te Vietnam (Vietnam Economic Times) as saying that many importers were showing an interest in Vietnam, which was evident in the growing number of inquiries via the website. She said the application of e-commerce would help Vietnamese firms to seek more trade partners.
Currently, the potential of applying e-commerce for boosting exports had not been fully exploited by Vietnamese firms due to a lack of knowledge and human resources, experts said, adding that it was necessary for firms to invest in e-commerce.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
