Illustrative image (Photo: VNA)
Hanoi (VNA) – Vietnamese businesses have been enjoying breakthrough growth thanks to exportation through e-commerce exports.
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.
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) las…….
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Illustrative picture (Photograph: VNA)
Hanoi (VNA) – Vietnamese companies have been having fun with breakby way of progress As a Outcome of of exportation by way of e-commerce exports.
The strong developments Collectively with the impacts of the COVID-19 pandemic have unwittingly spurred and opened The biggest method For A lot of Vietnamese companies To start out cross-border gross sales.
Based mostly on a report launched by Amazon, Vietnam’s cross-border retail gross sales enhance over 20% yrly, hitting 75.4 trillion VND (3.3 trillion USD) final yr, and are projected To Obtain 256.1 trillion VND in 2026.
Over 64% of The complete gross sales are generated by micro, small and medium enterprises (MSMEs).
Notably, cross-border e-commerce is forecast to develop strongly Inside the Southeast Asian nation Inside The subsequent 5 yrs.
Items classification of Lazada e-commerce platform (Photograph: VNA)
Based mostly on statistics of Ninja Van Agency – Southeast Asia’s main logistics supplier, Vietnamese merchandise, primarily farm produce, handicrafts, furnishings, house house equipment and medical provides, are being purchased on worldwide e-commerce platforms Similar to Amazon, JD.com, Alibaba and Shopee International.
Dang Hoang Hai, Director of the E-Commerce Division beneath the Ministry of Enterprise and Commerce, said The worldwide B2C e-commerce income Is predicted To Obtain 2.88 trillion USD in 2023. The e-commerce markets of Vietnam’s primary trade companions Similar to China, Japan, the Republic of Korea and EU nations will more and more open up alternatives for Vietnamese companies with merchandise relevant to their markets.
Benefiting from thriving e-commerce markets will assist companies enter choosy markets they beforehand had no entry to./.