Vietnam fosters cross-border e-commerce in ASEAN

The vigorous growth of e-commerce in recent years has created a golden opportunity for businesses to enter the export market more conveniently, heard a workshop on supporting businesses to participate in cross-border e-commerce in the Association of Southeast Asian Nations (ASEAN) in Ho Chi Minh City on June 21.
Vietnam fosters cross-border e-commerce in ASEAN ảnh 1Vietnam fosters cross-border e-commerce in ASEAN. (Photo: VNA)

HCM City (VNA) – The vigorous growth of e-commerce in recent years has created a golden opportunity for businessesto enter the export market more conveniently, heard a workshop on supporting businessesto participate in cross-border e-commerce in the Association of Southeast Asian Nations (ASEAN) in Ho Chi Minh City onJune 21.

Organised by the Vietnam E-commerce and DigitalEconomy Agency under the Ministry of Industry and Trade (MoIT), the event formed part of the ASEAN Online Sale 2023, aiming to bolster e-commerce in theregion while accelerating the implementation of ASEAN Free Trade Agreements.

Le Hoang Anh, Director of the Vietnam E-commerceand Digital Economy Agency, revealed that in the 2022 reports ofGoogle, Temasek and Brain & Company focusing on six countries namely Indonesia,Malaysia, Singapore, the Philippines, Thailand and Vietnam, 20 million people used online platforms for the first time in 2022, raising the total number of internet users in the region to 460million.

According to Statista’s report, ASEAN is forecast toachieve a dual annual growth rate of 11.43% in the next five years, equivalentto developed countries in the world such as the US, China and Canada.

Revenue from e-commerce is expected to reach 113.9 billion USD by the end of 2023 and the figure is projected to hit 175 billion USD by 2027.

Oanh said that the emergence of e-commerce platforms hasalso played a vital part in the overall development of e-commerce in the ASEANregion. Shopee, a mobile-centricmarketplace where users can browse, shop and sell products, is evaluated asthe most outstanding platform, accounting for 44% of the region’s totalrevenue. With this growth, the digital economy in ASEAN is on track to grow to 1 billion USD by2030.

Squall Wang, Managing Director of UPS in Vietnam, saidthat to enter to the e-commerce market, enterprises need to reinvent or cementtheir supply chains, digitalise processes more effectively and have a better understanding about customs regulations when they bring their products to the world.

Small- and medium-sized enterprises should not worryabout investing in sophisticated technologies as they can take advantages of free services provided by supporting units.

In Vietnam, cross-bordere-commerce has been assessed to have great potential and it is inline with policies on the development of the digital economy set forth by the government,and at the same time, this will be an effective supplementary channel for traditional international trade to bring into playadvantages of technology, helping Vietnamese products reach more to customers worldwide./.

VNA

See more

At the meeting between Minister of Agriculture and Rural Development Le Minh Hoan and visiting FAO Director-General Qu Dongyu. (Photo: VNA)

Vietnam, FAO join hands to boost South-South cooperation on agriculture

United Nations Food and Agriculture Organisation (FAO) Director-General Qu Dongyu's working trip to Vietnam from February 5-8 aims to promote bilateral cooperation in the fields of agriculture, food security, environmental protection, and rural development amid complicated and unpredictable global developments.

Deputy Prime Minister Ho Duc Phoc speaks at meeting of the Steering Committee for Price Management (Photo: VNA)

Deputy PM stresses importance of efficient price management in 2025

Deputy PM Ho Duc Phoc said with the GDP growth target for 2025 of at least 8%, the amount of money injected into the economy will be significantly higher than in 2024, and growth drivers will be stimulated, thereby impacting price indexes, especially consumer prices.

At the business registration office under the municipal Department of Planning and Investment (Photo: VNA)

Number of firms resuming operations in Hanoi surges 44%

New business registrations in Hanoi saw a 24.3% decline, with 2,045 new enterprises receiving certificates. The total registered capital for the new establishments dropped by 53.4% to 13.8 trillion VND (546.1 million USD).

A corner of VSIP Bac Ninh (Photo: VNA)

Bac Ninh wins growing investor confidence

With its potential and local authorities’ flexible and business-friendly policies, Bac Ninh is establishing itself as a magnet for both domestic and foreign investors.

Investors watch the market's movements at a trading office of a securities firm. (Photo: VNA)

Stock market gears up for a new era

The mission of the securities sector is to continuously develop infrastructure, improve service quality, attract international investors and mobilise medium- and long-term capital.

The Cai Mep - Thi Vai deep-water port complex in Ba Ria - Vung Tau province plays a pivotal role in attracting FDI capital to the southeastern region. (Photo: VNA)

Vietnam’s FDI inflow soars by 48.6% in January

The manufacturing and processing industry dominated foreign investment, attracting over 3.09 billion USD, equivalent to nearly 71.3% of total investment and showing a remarkable 99.1% increase year-on-year.

Vietnam's CPI in January 2025 expands by 3.63% year-on-year, while core inflation rose 3.07%. (Photo: VNA)

January CPI up 0.98%

Such factors as adjusted healthcare fees, and higher transportation costs and food prices led to a 0.98% rise in the Consumer Price Index (CPI) in January.

The cargo port in Qingdao, Shandong province, China, on January 13, 2025 (Photo: VNA)

Vietnam - China economic, trade cooperation flourishes

China - Vietnam's economic ties have flourished, with bilateral trade and investment growing rapidly. In 2024, trade reached 260.65 billion USD, up 13.5% from the previous year, while Vietnam is also an important destination for Chinese investors.