Cross-border e-commerce benefits Vietnamese SMEs

Cross-border e-commerce benefits Vietnamese SMEs

Vietnamese small-and medium-sized enterprises SMEs are focusing more and more on international trade via e commerce.

The Department of E-commerce and Digital Economy under the Ministry of Industry and Trade (MoIT) said that e-commerce is suitable for SMEs as it can save costs and directly connect buyers with sellers.

Vietnam is one of the countries that has experienced the fastest growth of e-commerce, at 35% annually, 2.5 times higher than Japan.

The bloom of e-commerce has aided the development of cross-border e-commerce since up to 33% of online customers have purchased products from abroad.

cross border e commerce benefits vietnamese smes

Vietnamese small-and medium-sized enterprises are focusing more and more on international trade via e-commerce (Source: tuoi tre.vn)

Dat Phan, Director of Fado.vn, a cross-border e-commerce platform in Vietnam, attributed the development of cross-border e-commerce in the country to increasing consumption demand of Vietnamese people and SMEs’ efforts to reach foreign markets.

Lai Viet Anh, deputy head of the Department of E-commerce and Digital Economy, noted that financial resources have been used to help enterprises improve their capacity for e-commerce.

Up to 70% of 800 export businesses surveyed by the department are SMEs and the remainder are big enterprises.

The survey also revealed that 54% of the big enterprises use websites and e-transactions while this number among SMEs stands at 36%.

Only 11% of the businesses have joined foreign e-commerce platforms.

However, 42% of the enterprises reported that the total value of their online orders makes up half of their accumulated export turnover.

Tran Thanh Hai, deputy head of the Export-Import Department under the MoIT said cross-border e-commerce is huge globally and Vietnamese businesses should grasp opportunities generated in this area.

The Vietnam E-commerce Association suggested retail businesses conduct cross-border e-commerce via major platforms like Amazon and Alibaba, aiming to participate in the global value chain.

Hai described e-commerce as a solution to improve competitiveness of businesses, asking them to take the initiative to join the process.

To promote cross-border e-commerce, the MoIT has applied various solutions to support export activities.

Apart from developing favourable policies for e-commerce, the ministry will focus on administrative reform and create the best conditions for enterprises to participate in international exhibitions, fairs and forums.

The Department of E-commerce and Digital Economy has also launched an e-commerce portal to support Vietnamese exporters.

Total cross-border online transaction value is expected to hit US$900 billion globally by 2020, making up 22% of global e-commerce value.

Source: VNA

Related News

E-commerce tax collection estimated at VND 116 Trillion

E-commerce tax collection estimated at VND 116 Trillion

VCN - According to data from the General Department of Taxation, taxes declared and paid directly by foreign suppliers via the electronic portal in 2024 amounted to VND 8.687 trillion, equivalent to 126% of the previous year’s total and a 74% increase compared to current appropriation.
Violations via e-commerce in HCM City  surges

Violations via e-commerce in HCM City surges

VCN - In 2024, HCM city Market Surveillance Department inspected and handled 379 violations of e-commerce, an increase of 392.2%; the value of violated goods was more than VND 8.6 billion, an increase of 1,128.57% compared to the previous year.
Sustainable Green Development: New Driving Force for the Retail Industry

Sustainable Green Development: New Driving Force for the Retail Industry

VCN - The trend of sustainable development and circular economy opens up opportunities for the retail industry to modernize its business model, green the supply chain and promote the consumption of environmentally friendly products.
Paving the way for Vietnamese agricultural products in China

Paving the way for Vietnamese agricultural products in China

VCN - The signing of protocols between the Ministry of Agriculture and Rural Development of Vietnam and the General Administration of Customs of China has created momentum for many domestic agricultural products. In 2025 and the coming years, participating in cross-border e-commerce channels is considered a potential direction for domestic enterprises to directly approach Chinese consumers.
Comment

Latest News

Greater efforts to be made for stronger cooperation with European-American market

Greater efforts to be made for stronger cooperation with European-American market

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.
Leather, footwear industry aims to gain export growth of 10% in 2025

Leather, footwear industry aims to gain export growth of 10% in 2025

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

VCN - Green transformation not only helps enterprises minimize the risk of being eliminated from important export markets, but also creates opportunities to build sustainable brands, enhance product value and reach high-end customer segments globally.
Việt Nam to complete database of five domestic manufacturing industries in 2026

Việt Nam to complete database of five domestic manufacturing industries in 2026

The project to build a comprehensive database of domestic industries aims to enhance the capacity and efficiency of trade remedy investigations. It also serves as a strategic tool to protect domestic production.

More News

Logistics firms optimistic about growth prospects in 2025: Survey

Logistics firms optimistic about growth prospects in 2025: Survey

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42 per cent of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.
Vietnamese products gain popularity in the UK, EU

Vietnamese products gain popularity in the UK, EU

In the first 11 months of this year, total trade between Việt Nam and the UK reached over US$$7.7 billion, an 18.1 per cent increase compared to the previous year.
Việt Nam set to become regional manufacturing tech hub this year

Việt Nam set to become regional manufacturing tech hub this year

Global tech giants have expressed interest in expanding operations in Việt Nam this year, making the country an important part of the global technology world.
Computers, electronics and components lead imports in 2024

Computers, electronics and components lead imports in 2024

Most of them came from China, accounting for 32.3 per cent of the total import turnover by November 2024.
Hardware and electronics exports rebound

Hardware and electronics exports rebound

In 2023, Việt Nam’s hardware and electronics exports reached $113.3 billion, a sharp 15.1 per cent decline from $133.6 billion in 2022. However, 2024 has witnessed a robust rebound, with export revenue surging by nearly 16.8 per cent.
Imported automobiles show a declining trend in early December

Imported automobiles show a declining trend in early December

VCN - The volume of completely built-up (CBU) automobiles imported into Vietnam witnessed a sharp decline in the first half of December 2024, according to preliminary statistics released by the General Department of Vietnam Customs​
Footwear industry set to gain $27 billion in export this year

Footwear industry set to gain $27 billion in export this year

Việt Nam’s footwear and leather industry is poised to achieve US$26-27 billion in export in 2024, marking a $3 billion increase from the previous year, as they country has well capitalised on the signed free trade agreements to bolster shipment, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso).
Rice export sets new record in 2024, but 2025 expected to be tough

Rice export sets new record in 2024, but 2025 expected to be tough

Rice exports set new records in both volume and value in 2024, but a difficult year ahead is on the cards for producers as India resumes export.
Lower steel export forces businesses to eye domestic market

Lower steel export forces businesses to eye domestic market

Exports of HRC steel in November continued to be gloomy, so the steel companies must pivot back the domestic market to increase consumption.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Greater efforts to be made for stronger cooperation with European-American market

Greater efforts to be made for stronger cooperation with European-American market

The European-American Market Department (MoIT) will monitor regional developments and explore opportunities to strengthen Việt Nam’s economic and trade ties.
Leather, footwear industry aims to gain export growth of 10% in 2025

Leather, footwear industry aims to gain export growth of 10% in 2025

The footwear sector will still focus on exporting to available and easy-access markets such as Africa and Asia to increase revenue.
Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

Grasping the green transformation trend - A survival opportunity for Vietnamese Enterprises

VCN - Dr. Le Huy Huan, coordinator of the Vietnam Global Green Growth and Climate Change Program, said that Vietnam has been very proactive and positive in its preparations and has taken quite clear steps to support businesses in meeting the requirements
Việt Nam to complete database of five domestic manufacturing industries in 2026

Việt Nam to complete database of five domestic manufacturing industries in 2026

The project to build a comprehensive database of domestic industries aims to enhance the capacity and efficiency of trade remedy investigations. It also serves as a strategic tool to protect domestic production.
Logistics firms optimistic about growth prospects in 2025: Survey

Logistics firms optimistic about growth prospects in 2025: Survey

The logistics industry’s business community has expressed optimism about growth prospects in 2025, with nearly 42 per cent of companies surveyed by Vietnam Report JSC affirming that their business outlook will be more positive.
Mobile Version