Enhancing exports via Amazon, the world’s largest Internet retailer by revenue and market capitalisation, is an effective way to help staples of the Central Highlands province of Dak Lak reach out to the world in the context that COVID-19 continues to wreak havoc on global economy, according to insiders.
Dak Lak province grows organic coffee. (Photo: VNA)
Dak Lak (VNA) – Enhancing exports via Amazon, the world’s largestInternet retailer by revenue and market capitalisation, is an effective way tohelp staples of the Central Highlands province of Dak Lak reach out to theworld in the context that COVID-19 continues to wreak havoc on global economy,according to insiders.
At a conference held in the locality on January 20, experts discussed measuresto step up shipments via the e-commerce platform, and opportunities forVietnamese firms to boost cross-border sale. Besides, they shared solutions todeveloping brands in the digital era while introducing several support servicesto businesses who want to sell products on Amazon.
Vice Chairman of the provincial Department of Industry and Trade Huynh NgocDuong said that selling products on Amazon will help local goods engage inglobal value chain, adding many training courses were held to better localfirms’ understanding of e-commerce activities.
The department also worked with Alibaba and Amazon to pen suitable training forbusinesses to join the online retail sale system, he added.
Vice Chairman of the provincial Department of Industry and Trade Huynh Ngoc Duong speaks at the conference. (Photo: VNA)
Dak Lak province holds huge potential to ship several agricultural productsabroad such as coffee, pepper, rubber, cashew, honey, and handicrafts. Localbusinesses have paid due attention to distributing their products on e-commerceplatforms; however, most of them prefer traditional selling method.
From 2019, Amazon has opened up its platform for more than 100 Vietnamesefirms.
Chairman and General Director of MCC Group Phan Thanh Dung said MCC and AmazonVietnam are working together to help businesses across the nation sell theirproducts on the e-commerce platform effectively.
Currently, 25-30 percent of the Vietnamese goods sold on Amazon are handcraftsand agricultural products, which have been favoured by foreign consumers, hesaid, stressing MCC Group pledges support for Vietnamese firms and those in DakLak province in particular to develop brands and open booths on Amazon untilthey can operate independently on the platform./.
Coffee chain Cafe Amazon, which has over 3,500 branches throughout Thailand, is scheduled to open its second store on Phan Xich Long street in Phu Nhuan district of Ho Chi Minh City.
Despite the effects of the COVID-19 pandemic, the Vietnamese e-commerce market is still booming. Therefore, the amendment and supplementation of Decree 52/2013/ND-CP on e-commerce to better manage the activity, considered "the future of the retail market", is extremely necessary.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.