The strong developments along with the impacts of the Covid-19 pandemic have unwittingly spurred and opened the way for many Vietnamese businesses to start cross-border sales.

Illustrative image.

According to a report released by Amazon, Vietnam’s cross-border retail sales increase over 20% annually, hitting 75.4 trillion VND (3.3 trillion USD) last year, and are projected to reach 256.1 trillion VND in 2026.

Over 64% of the total sales are generated by micro, small and medium enterprises (MSMEs).

Notably, cross-border e-commerce is forecast to grow strongly in the Southeast Asian nation in the next five years.

According to statistics of Ninja Van Company - Southeast Asia's leading logistics provider, Vietnamese products, mainly farm produce, handicrafts, furniture, home appliances and medical supplies, are being sold on international e-commerce platforms such as Amazon, JD.com, Alibaba and Shopee Global.

Dang Hoang Hai, Director of the E-Commerce Department under the Ministry of Industry and Trade, said the global B2C e-commerce revenue is expected to reach 2.88 trillion USD in 2023. The e-commerce markets of Vietnam’s major trade partners such as China, Japan, the Republic of Korea and EU countries will increasingly open up opportunities for Vietnamese businesses with products suitable to their markets.

Taking advantage of thriving e-commerce markets will help businesses enter choosy markets they previously had no access to.

Cooperatives receive support to adopt e-commerce

E-commerce is widely considered an effective and sustainable solution to help cooperatives improve their competitiveness, and boost production and exports, but the number of cooperatives that have gone online remains modest, prompting the Vietnam Cooperative Alliance (VCA) to support them in this regard.

Provinces turn to e-commerce to sell agricultural produce

To help sell agricultural products, many localities are working to establish linkages between businesses in the supply chain and turning their focus to e-commerce platforms.

Amazon initiative helps boost cross-border e-commerce in Vietnam

The Vietnam e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade and Amazon Global Selling Vietnam on June 8 launched a cross-border e-commerce initiative in the breakthrough era.

E-commerce platform helps promote exports

The Trade Promotion Agency (TPA) and Alibaba.com jointly organised a conference on March 18 to discuss the export of goods through the e-commerce platform and inaugurate the Vietnam Pavilion on Alibaba.com.

Fast-growing e-commerce fuels delivery service boom in Vietnam

Vietnam’s e-commerce has been growing in a robust pace in the wake of Covid-19, fuelling a boom in transport and express delivery services.

Source: NDO/VNA