Processing shrimp for export (Photo: VNA) Hanoi (VNA)- The recent debut of the Vietnam-EU e-commerce platform (VEFTA) is expected toboost Vietnam’s exports to the EU market, experts have said.
Nguyen Kim Hung, head of the Vietnam Institute of Business Administration and DigitalEconomy, said the platform will serve as a B2B marketplace, helping connect Vietnamesefirms and international trade partners, especially those from Europe.
Once completed, it will be directly linked with the existing e-commerce platformsof cities, provinces, and sectors, he said, noting that the platform will also providenecessary information about trade agreements and policies regarding internationaltrade.
Efforts are being made to build a digital eco-system to facilitate connectivityand trading by enterprises on a single platform, according to Hung.
Deputy Minister of Industry and Trade Cao Quoc Hung stressed the significance ofthe platform for small and medium-sized enterprises and household businesses.
Nguyen Viet Cuong, Director of the Kim Nam Tech Company Limited, said that witha trading scale larger than present platforms, the VEFTA enables the export of“Made in Vietnam” products, mainly agro-forestry products and footwear, to the EU.
Meanwhile, Chairman of the Vietnam Association of Small and Medium Enterprises NguyenVan Than said the association wishes to accompany its members and the Ministry ofIndustry and Trade (MoIT) in studying solutions, focusing on digital transformationand e-commerce, in an effort to help domestic firms optimise advantages generatedby the EU-Vietnam Free Trade Agreement (EVFTA).
According to the MoIT, Vietnam’s exports to the EU were up 3.5 percent in theopening months of the trade deal, from August to December last year.
During the first quarter of this year, trade turnover hit 9.9 billion USD, an 18percent increase year-on-year.
Vietnam posted a trade surplus of 4 billion USD with the EU in January and February,representing a year-on-year rise of 36.3 percent.
Plastic materials, rubber products, computers, electronics and components, steel,and chemicals saw the highest increases in export revenue./.
VNA
