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.
Hai 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 consulta🌞tion on a proper roadmap for digital transformation, he noted, in a bid to sustainably foster the development of e-commerce./.
Vietnam posted solid export performance in the first quarter of 2021, and at such a growth speed, its export turnover is likely to hit 600 billion USD for the whole year, experts have said.
Despite being a new player in Indonesia’s digital payment field, ShopeePay, the e-wallet arm of online marketplace Shopee, has become a market leader amid the e-commerce boom during the COVID-19 pandemic.
Authorities in the northern mountainous province of Bac Kan signed a deal with the Kim Nam Group on May 17 to launch the backanmarket.vn e-commerce floor, to boost the sustainable consumption of local One Commune, One Product (OCOP) goods.
Vietnam’s capital city of Hanoi will strive to take the lead in e-commerce nationwide, considering it an important task in economic growth this year, Acting Director of the municipal Department of Industry and Trade Tran Thi Phuong Lan has said.
Kenneth Atkinson, a board member of the British Chamber of Commerce Vietnam (BritCham Vietnam), told German news agency DW that he remains positive about Vietnam's overall economic growth in 2021.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
Hai Duong’s flagship Thanh Ha lychees are now available on Lazada and Sendo. (Photo: VNA)
